NASDAQ EV stocks: Electric vehicle investments for Indian portfolios
Global electric vehicle sales crossed 20.7 million units in 2025. That marks a 20% jump from the previous year. Yet the NASDAQ EV stocks landscape in India tells a more nuanced story. Tesla lost its crown to BYD. U.S. federal tax credits vanished. Startups burned cash at alarming rates. Despite this turbulence, the EV sector offers Indian investors rare access to a global megatrend. This guide breaks down every major NASDAQ-listed EV stock worth watching in 2026.
Tesla: the giant at the crossroads
Tesla (TSLA) remains the most closely watched EV stock on NASDAQ. It trades at approximately $400 per share, with a market capitalisation of roughly $1.4 trillion. The stock gained 11.4% in 2025 after a wild ride that saw it dip to $214 during a Q1 selloff.
The numbers reveal a company in transition. Full-year 2025 revenue fell 3% to $94.8 billion — Tesla's first annual revenue decline ever. Vehicle deliveries dropped 8.6% to 1.63 million units. BYD delivered 2.26 million battery-electric vehicles in the same period. Tesla's European registrations fell 39% through November 2025. The Cybertruck disappointed, with sales plunging 48% to roughly 20,000 units, well below its 250,000-unit annual capacity.
A detailed Tesla investment analysis indicates that the primary growth engine is energy storage. Tesla deployed a record 46.7 GWh of storage in 2025, generating $12.78 billion at roughly 30% gross margins. That margin is nearly double the automotive division's. The energy business contributed 23% of total profit but accounted for just 13% of revenue. Tesla plans to push combined storage capacity to 133 GWh per year with its new Houston Megafactory.
The most significant catalyst ahead is the Cybercab robotaxi. Production is scheduled to begin in April 2026 at Giga Texas. This two-seat autonomous vehicle will cost under $30,000 and has no steering wheel or pedals. Tesla already runs a robotaxi service in Austin using Model Y vehicles. Expansion to Miami, Dallas, Phoenix and Las Vegas is planned for 2026. Tesla holds $44.1 billion in cash to fund these bets.
Wall Street consensus is Hold, with an average price target near $400. JPMorgan's bear case sits at $145, while bulls target $600. The P/E ratio of 369x prices in massive future growth that must materialise.
Rivian and Lucid motors: startup survival stories
Among EV stocks tracked by NASDAQ India investors, Rivian and Lucid Motors represent two distinct approaches to scaling.
Rivian (RIVN) trades around $13.66 with a $16.8 billion market cap. The company delivered 42,247 vehicles in 2025, down 18% year over year. That decline was deliberate. Rivian shut production lines to prepare for the R2 midsize SUV launch in the first half of 2026.
The Volkswagen joint venture validates Rivian's software platform. VW committed $5.8 billion to the partnership. Their "RV Tech" venture employs 1,500 people across six countries. VW plans to use Rivian's technology across 30 vehicle programs covering 30 million vehicles. The Amazon partnership adds stability, with 30,000 electric delivery vans already on U.S. roads. Rivian reported its second consecutive quarterly gross profit of $24 million in Q3 2025 and has $7.7 billion in liquidity.
Lucid Motors (LCID) presents a riskier profile. It trades at around $10.34, with a market cap of $3.36 billion. The stock hit an all-time low of $9.50 in January 2026 after a 1-for-10 reverse stock split in August 2025. Full-year deliveries reached 15,841 units, up 55% year-over-year. However, the company incurred approximately $240,000 in losses per vehicle sold in Q3 2025.
Lucid survives because Saudi Arabia's Public Investment Fund holds a 60% stake and has invested over $8 billion since 2018. The Gravity SUV earned a spot on Car and Driver's 2026 10Best list with 450 miles of EPA range—a midsize SUV priced under $50,000—targeted for late 2026 production at the Saudi factory. Lucid also signed a $300 million deal with Uber for 20,000 Gravity SUVs for robotaxi deployment.
EV charging infrastructure: the picks-and-shovels play
Savvy investors know that EV charging infrastructure continues to grow regardless of which automaker wins. Three NASDAQ-listed charging companies deserve attention.
EVgo (EVGO) leads the pack at roughly $3.00 per share. Q3 2025 revenue hit $92.3 million, up 37% year-over-year. The company operates around 4,590 fast-charging stalls across 1,100 locations in 47 states. Management expected adjusted EBITDA breakeven in Q4 2025. Its long-term target is $500 million in adjusted EBITDA by 2029. Among EV charging companies listed on the NASDAQ, EVgo offers the most straightforward path to profitability.
ChargePoint (CHPT) operates the most extensive network, with 375,000 ports globally. It trades near $5.68 and reported Q3 FY2026 revenue of $105.7 million. Non-GAAP gross margin reached a record 33%. ChargePoint commands 42.7% of the U.S. DC charging market but has not yet achieved profitability.
Blink Charging (BLNK) faces existential risk. It trades at just $0.75 and received a second NASDAQ minimum bid price compliance notice in January 2026—cash stands at only $23.1 million, down sharply from $55.4 million a year earlier. Q3 2025 revenue grew 7.3% to $27 million, with service revenue reaching a record $11.9 million.
The global EV charging market is valued at $40-$46 billion in 2025. Projections indicate annual spending will reach $300 billion by 2040. However, the Trump administration has frozen funding for the NEVI program's national charger network. The EV charger installation tax credit also expires June 30, 2026.
Battery technology stocks: high-risk frontier bets
Battery technology stocks constitute the most speculative segment of the EV sector. All three major NASDAQ plays remain pre-revenue or early-revenue.
QuantumScape (QS) at $8.68 is furthest along in solid-state battery development. Its QSE-5 cell achieves an energy density of 844 Wh/L and charges from 10% to 80% in just 12.2 minutes. The company shipped the first B1 samples to customers in October 2025. VW's PowerCo committed to a 40-GWh-per-year production licence. QuantumScape has $1 billion in liquidity and a runway through 2029. Its Eagle Line pilot production facility is scheduled to launch in February 2026.
Solid Power (SLDP) sells electrolyte materials and licenses cell designs, rather than manufacturing batteries. A trilateral agreement among Samsung SDI, BMW, and the government was announced in October 2025. Mass production via SK On is targeted for 2029. The company raised $130 million in January 2026 through a direct offering.
Enovix (ENVX) at $5.85 is closest to commercial production. Its AI-1 smartphone battery achieves 935 Wh/L — the highest reported for a smartphone battery. The Fab-2 facility in Malaysia is operational and expanding to 10 million units annually. Revenue grew 85% to $8 million in Q3 2025 from defence customers.
Risks that could derail your EV investments
Every Indian investor considering NASDAQ EV stocks must understand the policy headwinds. TU.S. The U.S. eliminated the $7,500 federal EV tax credit after September 2025. The $4,000 used EV credit and commercial vehicle credit also disappeared. Ford's CEO predicted this would cut the EV market in half.
A 100% tariff on Chinese EVs remains in place, with additional tariffs of 25% on EV batteries and 50% on semiconductors. The administration rolled back fuel-economy standards and sought to revoke California's zero-emission vehicle mandate.
Interest rates stand at 3.50% to 3.75% after the Fed held steady in January 2026. Higher rates compress growth-stock valuations and raise auto-loan costs. Both hurt EV adoption and stock prices. Competition intensifies daily. TeslaU.S. The U.S. market share fell from 75% a few years ago to 46% in 2025.
Valuation risk looms large. Tesla trades at 369 times earnings. Rivian and Lucid remain deeply unprofitable. Battery stocks generate minimal revenue. A market correction could hit these stocks disproportionately hard.
Why the long-term case still holds for Indian portfolios
The global EV transition is structurally irreversible. EVs now represent 26% of all new car sales worldwide. Battery costs have fallen below $100 per kWh in China. Over 1,000 EV models are available globally. The IEA projects EVs will displace one million barrels of oil per day by the end of 2026.
Indian investors can access these stocks through the RBI's Liberalised Remittance Scheme, which allows up to $250,000 per financial year for overseas investments. Platforms such as Winvesta offer fractional shares starting at $1, regulated access to 11,0U.S..S. stocks, and SIPC protection of up to $500,000.
The rupee's long-term depreciation trend provides a structural tailwind for the currency. The rupee moved from ₹45 per dollar in 2010 to roughly ₹86 in early 2026. That adds 3%-5% annually to dollar-denominated returns. Financial experts typically recommend allocating 5% to 10% of an Indian portfolio to U.S. markets for diversification.
A balanced EV allocation might include Tesla for established scale, EVgo for exposure to the charging infrastructure, and a battery technology stock for upside optionality. Position sizing matters—keep individual EV stocks at 2% to 3% of the total portfolio value. The sector rewards patience more than timing.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies, and not of Winvesta. We advise investors to check with certified experts before making any investment decisions.
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Table of Contents
Global electric vehicle sales crossed 20.7 million units in 2025. That marks a 20% jump from the previous year. Yet the NASDAQ EV stocks landscape in India tells a more nuanced story. Tesla lost its crown to BYD. U.S. federal tax credits vanished. Startups burned cash at alarming rates. Despite this turbulence, the EV sector offers Indian investors rare access to a global megatrend. This guide breaks down every major NASDAQ-listed EV stock worth watching in 2026.
Tesla: the giant at the crossroads
Tesla (TSLA) remains the most closely watched EV stock on NASDAQ. It trades at approximately $400 per share, with a market capitalisation of roughly $1.4 trillion. The stock gained 11.4% in 2025 after a wild ride that saw it dip to $214 during a Q1 selloff.
The numbers reveal a company in transition. Full-year 2025 revenue fell 3% to $94.8 billion — Tesla's first annual revenue decline ever. Vehicle deliveries dropped 8.6% to 1.63 million units. BYD delivered 2.26 million battery-electric vehicles in the same period. Tesla's European registrations fell 39% through November 2025. The Cybertruck disappointed, with sales plunging 48% to roughly 20,000 units, well below its 250,000-unit annual capacity.
A detailed Tesla investment analysis indicates that the primary growth engine is energy storage. Tesla deployed a record 46.7 GWh of storage in 2025, generating $12.78 billion at roughly 30% gross margins. That margin is nearly double the automotive division's. The energy business contributed 23% of total profit but accounted for just 13% of revenue. Tesla plans to push combined storage capacity to 133 GWh per year with its new Houston Megafactory.
The most significant catalyst ahead is the Cybercab robotaxi. Production is scheduled to begin in April 2026 at Giga Texas. This two-seat autonomous vehicle will cost under $30,000 and has no steering wheel or pedals. Tesla already runs a robotaxi service in Austin using Model Y vehicles. Expansion to Miami, Dallas, Phoenix and Las Vegas is planned for 2026. Tesla holds $44.1 billion in cash to fund these bets.
Wall Street consensus is Hold, with an average price target near $400. JPMorgan's bear case sits at $145, while bulls target $600. The P/E ratio of 369x prices in massive future growth that must materialise.
Rivian and Lucid motors: startup survival stories
Among EV stocks tracked by NASDAQ India investors, Rivian and Lucid Motors represent two distinct approaches to scaling.
Rivian (RIVN) trades around $13.66 with a $16.8 billion market cap. The company delivered 42,247 vehicles in 2025, down 18% year over year. That decline was deliberate. Rivian shut production lines to prepare for the R2 midsize SUV launch in the first half of 2026.
The Volkswagen joint venture validates Rivian's software platform. VW committed $5.8 billion to the partnership. Their "RV Tech" venture employs 1,500 people across six countries. VW plans to use Rivian's technology across 30 vehicle programs covering 30 million vehicles. The Amazon partnership adds stability, with 30,000 electric delivery vans already on U.S. roads. Rivian reported its second consecutive quarterly gross profit of $24 million in Q3 2025 and has $7.7 billion in liquidity.
Lucid Motors (LCID) presents a riskier profile. It trades at around $10.34, with a market cap of $3.36 billion. The stock hit an all-time low of $9.50 in January 2026 after a 1-for-10 reverse stock split in August 2025. Full-year deliveries reached 15,841 units, up 55% year-over-year. However, the company incurred approximately $240,000 in losses per vehicle sold in Q3 2025.
Lucid survives because Saudi Arabia's Public Investment Fund holds a 60% stake and has invested over $8 billion since 2018. The Gravity SUV earned a spot on Car and Driver's 2026 10Best list with 450 miles of EPA range—a midsize SUV priced under $50,000—targeted for late 2026 production at the Saudi factory. Lucid also signed a $300 million deal with Uber for 20,000 Gravity SUVs for robotaxi deployment.
EV charging infrastructure: the picks-and-shovels play
Savvy investors know that EV charging infrastructure continues to grow regardless of which automaker wins. Three NASDAQ-listed charging companies deserve attention.
EVgo (EVGO) leads the pack at roughly $3.00 per share. Q3 2025 revenue hit $92.3 million, up 37% year-over-year. The company operates around 4,590 fast-charging stalls across 1,100 locations in 47 states. Management expected adjusted EBITDA breakeven in Q4 2025. Its long-term target is $500 million in adjusted EBITDA by 2029. Among EV charging companies listed on the NASDAQ, EVgo offers the most straightforward path to profitability.
ChargePoint (CHPT) operates the most extensive network, with 375,000 ports globally. It trades near $5.68 and reported Q3 FY2026 revenue of $105.7 million. Non-GAAP gross margin reached a record 33%. ChargePoint commands 42.7% of the U.S. DC charging market but has not yet achieved profitability.
Blink Charging (BLNK) faces existential risk. It trades at just $0.75 and received a second NASDAQ minimum bid price compliance notice in January 2026—cash stands at only $23.1 million, down sharply from $55.4 million a year earlier. Q3 2025 revenue grew 7.3% to $27 million, with service revenue reaching a record $11.9 million.
The global EV charging market is valued at $40-$46 billion in 2025. Projections indicate annual spending will reach $300 billion by 2040. However, the Trump administration has frozen funding for the NEVI program's national charger network. The EV charger installation tax credit also expires June 30, 2026.
Battery technology stocks: high-risk frontier bets
Battery technology stocks constitute the most speculative segment of the EV sector. All three major NASDAQ plays remain pre-revenue or early-revenue.
QuantumScape (QS) at $8.68 is furthest along in solid-state battery development. Its QSE-5 cell achieves an energy density of 844 Wh/L and charges from 10% to 80% in just 12.2 minutes. The company shipped the first B1 samples to customers in October 2025. VW's PowerCo committed to a 40-GWh-per-year production licence. QuantumScape has $1 billion in liquidity and a runway through 2029. Its Eagle Line pilot production facility is scheduled to launch in February 2026.
Solid Power (SLDP) sells electrolyte materials and licenses cell designs, rather than manufacturing batteries. A trilateral agreement among Samsung SDI, BMW, and the government was announced in October 2025. Mass production via SK On is targeted for 2029. The company raised $130 million in January 2026 through a direct offering.
Enovix (ENVX) at $5.85 is closest to commercial production. Its AI-1 smartphone battery achieves 935 Wh/L — the highest reported for a smartphone battery. The Fab-2 facility in Malaysia is operational and expanding to 10 million units annually. Revenue grew 85% to $8 million in Q3 2025 from defence customers.
Risks that could derail your EV investments
Every Indian investor considering NASDAQ EV stocks must understand the policy headwinds. TU.S. The U.S. eliminated the $7,500 federal EV tax credit after September 2025. The $4,000 used EV credit and commercial vehicle credit also disappeared. Ford's CEO predicted this would cut the EV market in half.
A 100% tariff on Chinese EVs remains in place, with additional tariffs of 25% on EV batteries and 50% on semiconductors. The administration rolled back fuel-economy standards and sought to revoke California's zero-emission vehicle mandate.
Interest rates stand at 3.50% to 3.75% after the Fed held steady in January 2026. Higher rates compress growth-stock valuations and raise auto-loan costs. Both hurt EV adoption and stock prices. Competition intensifies daily. TeslaU.S. The U.S. market share fell from 75% a few years ago to 46% in 2025.
Valuation risk looms large. Tesla trades at 369 times earnings. Rivian and Lucid remain deeply unprofitable. Battery stocks generate minimal revenue. A market correction could hit these stocks disproportionately hard.
Why the long-term case still holds for Indian portfolios
The global EV transition is structurally irreversible. EVs now represent 26% of all new car sales worldwide. Battery costs have fallen below $100 per kWh in China. Over 1,000 EV models are available globally. The IEA projects EVs will displace one million barrels of oil per day by the end of 2026.
Indian investors can access these stocks through the RBI's Liberalised Remittance Scheme, which allows up to $250,000 per financial year for overseas investments. Platforms such as Winvesta offer fractional shares starting at $1, regulated access to 11,0U.S..S. stocks, and SIPC protection of up to $500,000.
The rupee's long-term depreciation trend provides a structural tailwind for the currency. The rupee moved from ₹45 per dollar in 2010 to roughly ₹86 in early 2026. That adds 3%-5% annually to dollar-denominated returns. Financial experts typically recommend allocating 5% to 10% of an Indian portfolio to U.S. markets for diversification.
A balanced EV allocation might include Tesla for established scale, EVgo for exposure to the charging infrastructure, and a battery technology stock for upside optionality. Position sizing matters—keep individual EV stocks at 2% to 3% of the total portfolio value. The sector rewards patience more than timing.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies, and not of Winvesta. We advise investors to check with certified experts before making any investment decisions.
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