Buy Electric Car Stocks – 5 Best Electric Car Stocks to Buy Right Now in 2022!

Fact Checked by Gary McFarlane

The race is on to make the planet cleaner and reduce CO2 emissions. One way to contribute to this is by making the move from gasoline and diesel fuel to all-electric and hybrid cars.

Today, we list and evaluate the best electric car stocks to buy right now. You will also find a review of the best platforms to access this asset class, and a simple tutorial to create a broker account and buy electric car stocks at 0% commission.

Table of Contents

#1 Broker to Buy Electric Car Stocks – eToro

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How to Buy Electric Car Stocks – A Quick Guide For 2022

Don’t worry if you have never signed up with a brokerage. You can observe the step-by-step guide below.

This details signing up with eToro and placing an order to buy electric car stocks. The 0% commission broker is licensed by the SEC and permits fractional share purchases.

  • Step 1: Open an Account with eToroTo create a stockbroker account, you will need to pick a username and password and put forward your name and contact information.
  • Step 2: Upload Your ID – You will need to go through a quick KYC process so eToro can authenticate your information. Upload some ID with a photo, like a passport (others documents are accepted). You will also need to upload a document that contains your name and address. For example, an internet, phone, or utility bill, or a statement from your bank.
  • Step 3: Deposit Funds – There are numerous ways to finance your electric car stock purchase at eToro. Approved payment methods include ACH, wire transfers, debit/credit cards, and e-wallets. You can fund your account with a low minimum of just $50 to access thousands of stocks.
  • Step 4: Search for Electric Car Stock – Like most brokers, eToro has a useful search bar on its main dashboard. Type the electric car company into the box and when you see the correct result, press ‘Trade’.
  • Step 5: Buy Electric Car Stocks – Complete the trading order by entering the size of your investment and confirm your choice by clicking ‘Open Trade’. This will instruct eToro to complete the buy order. It will be executed instantly at the best market price. If you wish, you can buy a fraction of your chosen electric car stock, the smallest stake allowed is $50.

One of the best things about buying stocks at eToro is that stocks and ETFs are offered at 0% commission.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Electric Car Stocks to Buy Now – List of the Best Electric Car Stocks

We’ve searched high and low for the best electric car stocks to buy now – see below for the results.

  1. Tesla – Overall Best Electric Car Stock to Buy Now
  2. NIO – Best Electric Car Stock From China
  3. ChargePoint – Invest in Electric Car Charging Stations
  4. Lucid Group –  Top Electric Car Stock for Long-Term Growth Potential
  5. Ford Motors – Low-Cost Electric Car Stock With Dividends

For a clearer idea of how each electric car stock might fit into your portfolio, you can read the full analysis that follows.

How To Buy Electric Car Stocks – Choose a Broker

People have been trading stocks online for many years and with so many brokers to choose from, it’s never been easier for your average Joe to access them. With that said, to create a portfolio that includes the best electric car stocks, you should join a trustworthy and regulated investment platform.

Below is a diverse list of top-rated brokers to make your decision easier:

  1. eToro – Overall Best Place to Buy Electric Car Stocks
  2. Webull – Buy Electric Car Stocks at 0% Commission
  3. Interactive Brokers – Trade US Electric Car Stocks at 0% Commission
  4. SoFi – Invest in Electric Car Stocks via Fractional Shares
  5. E*TRADE – Good for Long-Term Electric Car Stock Investments
  6. Robinhood – Great US-Based Stockbroker for Beginners
  7. Zacks Trade – Top Broker for Seasoned Traders
  8. Merrill Edge – Online Stockbroker With a Variety of Investment Accounts
  9. Fidelity – Trusted US-Based Stockbroker With 7,000+ Stocks
  10. Ally Invest – Challenger Bank Offering Low-Cost Electric Car Stock Investments

See the complete results of our in-depth research on each stockbroker later in this guide.

Best Electric Car Stocks to Buy Now – Full Analysis

In the sections below you see below a list of the best electric car stocks to buy right now. We explain why we believe each stock could be a great addition to your investment portfolio. With that said, you should still perform your own research before proceeding.

1. Tesla – Overall Best Electric Car Stock to Buy Now

If you have been reading up on how to buy EV stocks, you probably know Tesla is an industry leader. This is one of the best electric car stocks out there. Tesla’s Model 3 is Europe’s best-selling all-electric vehicle. The company makes a range of cross-overs, sedans, and passenger cars. It also operates four Gigafactory’s to manufacture its own batteries.

If you are looking to buy the best electric car stocks to get in on the green energy movement, Tesla could be the perfect addition to your portfolio. The company is on a mission to create a renewable energy ecosystem. As such, this electric car manufacturer also produces solar panels, power packs, and other clean power-related products.

Google Chart Tesla

Tesla is one of the fastest-growing companies the world has ever known, especially in the car manufacturing sector. This electric car stock has experienced an extraordinary increase of over 3,000% in the past 5 years.

To offer a different viewpoint, if you had placed an order to buy $1,000 of this stock in 2016, by 2021, your shares would be valued at around $31,000. Do note that this electric car stock reinvests profits rather than paying dividends.

67% of retail investor accounts lose money when trading CFDs with this provider.

2. NIO – Best Electric Car Stock From China

As interest in Chinese electric car manufacturers grows, more and more investors are looking to buy shares in NIO. Chinese government subsidies allow NIO to beat Tesla when it comes to price. Plus, China’s economy is growing at a rapid rate, and the electric car industry is only set to get bigger, as more of us switch to cleaner energy. At the start of 2021, NIO vehicle sales rocketed by over 350%.

As such, this could be a recipe for future growth, for investors looking for the best electric car stocks to buy. In the last 5 years, NIO shares have risen by nearly 300%. There is some retail optimism surrounding this particular stock. Early in 2021, NIO revealed its new all-electric sedan, named ET7. Whilst this is not due to hit markets outside China until 2022, some commentators think it could well rival Tesla’s Model S.

Google Chart NIO

With that said, ET7 isn’t the only car manufactured by NIO. Others include a range of 7-seater electric sport utility vehicles, 5-seater coups, and more. This company has already delivered over 150,000 electric vehicles, including models; ES6, EC6, and ES8.

Moreover, NIO recently broke its record for monthly deliveries, hitting almost 11,000 in November 2021. This is a promising stock that’s coping well with growing demand. It has also enlarged its annual electric car production capacity to 240,000. Although this top-rated electric car stock is based in China, the shares are listed on the NYSE.

su_button url=”https://economywatch.com/visit/etoro-stocks” style=”3d” background=”#fc9525″ size=”8″ center=”yes” radius=”0″]Buy Electric Car Stocks From $50 Now[/su_button]

67% of retail investor accounts lose money when trading CFDs with this provider.

3. ChargePoint  – Invest in Electric Car Charging Stations

Thus far, we’ve talked about car manufacturers. An alternative option when buying electric car stocks is to look at companies that concentrate on the charging infrastructure. ChargePoint is a great alternative stock in this respect. It is based in the US but owns over 20,000 charging stations in 14 countries. In fact, the company is one of the largest charging networks in the world.

The firm was founded in 2007 and develops, designs, and markets charging ports for a wide range of electric vehicles. The company offers an additional Cloud Service so that people are able to transact, reserve, authenticate and locate car charging sessions. Not only that, but ChargePoint offers drivers highly popular features such as valet sessions, power management software, and a graphical dashboard.

eToro Chart Chargepoint Holdings

This electric car stock has a market share in this sector of over 70%. As such, ChargePoint is very much a part of the electric car revolution and we think it makes a great alternative electric car stock to buy right now. In the last 5 years, shares have increased by nearly 120%. As with most electric car stocks, this company does not pay dividends as the industry is still in its infancy years.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Lucid Group – Top Electric Car Stock for Long-Term Growth Potential

You may have heard of the Lucid Group because of its Air Dream Edition electric cars, which beats Tesla in terms of miles per full charge. This is one of the best electric car stocks for long-term growth potential. The company made the news recently by announcing a production target of 20,000 electric car units in 2022. If all goes well, this could lead to revenue totaling over $2.2 billion.

As such, market analysts think the future looks promising for Lucid Group. In the past 5 years, the stock has risen by just over 440%. Furthermore, this electric car stock made headlines for winning the coveted MotorTrend’s Car of the Year 2022 award for its Air Sedan. The company’s first production car beat other popular electric vehicles from well-established automakers Porch and Mercedes.

Google Chart Lucid Group

This highly sought-after industry award alone caused shares to increase by nearly 10%. Lucid Group now commands a market capitalization of over $87 billion as of writing and three of its cars have been awarded six of the highest possible ratings by the EPA (Environmental Protection Agency). All of this positive news is what makes it one of the best electric car stocks to buy now. Notably, this is not a dividend-paying stock.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Ford Motors – Low-Cost Electric Car Stock With Dividends

Ford Motors is a dominant player in the automotive sector and is picking up the pace when it comes to electric car production. As such, this could be a good electric car stock to add to your portfolio. Not only are you investing in a company that has been manufacturing cars since 1903, but also one with a zero-emission and pickup plan worth around $11.4 billion. This car manufacturer already has a range of electric cars, as well as hybrids.

Numerous market analysts believe that Ford Motors is highly undervalued at less than $20 per share at the time of writing. Ford Motors has announced that it intends to produce 600,000 electric cars by the year 2023. The company has also committed to investing over $11 billion, along with its partner SK Innovation – a Korean battery manufacturer.

Google Chart Ford Motors

This is the biggest investment made by Ford in its long history and will fund the construction of three assembly plants for all-electric vehicles. With big plans lined up, now could be the time to buy this electric car stock. Another thing you may find advantageous is that Ford Motors pays dividends to shareholders. Based on prices at the time of writing, the running dividend yield of this company is 2.08%.

67% of retail investor accounts lose money when trading CFDs with this provider.

How to Choose the Best Electric Car Stocks for my Portfolio?

When you’re searching high and low for the best electric car stocks, you might be looking for specific characteristics such as a well-established company? Or perhaps an emerging stock with high growth potential?

In the sections below, we explore the most important characteristics to consider in your search for the best electric car stocks.

Energy Efficiency

When choosing the best electric car stocks for your portfolio, you can also look at how energy efficient the vehicles are that the company produces. This might make them more attractive to buyers.

The EPA, for example, will take electric cars for a test drive to establish how energy efficient they are. The result offers insight into an estimate of how many miles the electric or hybrid car can be driven on a full charge.

This is usually measured as a combination of highway and inner-city driving.

For instance:

  • Tesla’s Model 3 has a combined EPA driving range of 263 miles
  • The Model S Plaid offered by Tesla has a rough driving range of just under 400 miles
  • Lucid Group’s Air Dream Edition has been given a rating of 520 miles per charge
  • NIO’s ET7 claims to offer a driving range of more than 600 miles

Many electric cars have an EPA driving range that falls between 200 and 300 miles, but more companies are looking to increase this figure. After all, the longer people are able to travel between charges, the better it is for the environment and car sales.

Lucid Group and Tesla offer electric cars with some of the longest driving ranges. An alternative stock offering more battery life to its customers is Ford, with its Mustang Mach-E CA Route 1 Edition managing around 305 miles per charge.

Delivery Growth Targets and Reservations

Companies behind electric car stocks release information surrounding production/delivery targets and sales. This can tell you a lot about the potential of the stock. The production target refers to how many vehicles the company is looking to manufacture or deliver, usually by a certain date or year. If this materializes, you have a good idea of how a stock might grow in the future.

eToro Chart Tesla

See further information below, using some of the best electric car stocks as an example:

  • In the second quarter of 2021, Tesla delivered over 200,000 vehicles
  • The company delivered more than 240,000 electric vehicles in the third quarter, showing an increase of 20% from Q2
  • Meanwhile, Tesla’s annual sales goal is 20 million electric cars on a yearly basis by the year 2030
  • Lucid Group announced around 13,000 reservations in the third quarter of 2021, worth over $1 billion
  • The company finished the third quarter of 2021 with a strong balance sheet containing nearly $5 billion
  • Lucid Group’s reservations have since risen further, and the company is confident it can reach 20,000 units
  • Ford’s stand out electric offering the F-150 lightning has approximately 200,000 reservations
  • Ford’s target is a production capacity of almost 600,000 annually for this particular electric pick up

When you see a reservations figure, this is the number of vehicles that have been pre-ordered, usually by means of a deposit. This figure will obviously change, but it gives you an indication of future sales potential. The best electric car stocks also release data on deliveries. In other words, how many car sales have been completed, or are likely to be in the future.

You can also compare delivery numbers to see whether the stock is increasing or decreasing quarter to quarter. As you can see above, Tesla is leading the way in terms of the annual delivery growth of its electric cars.

Has the Electric Car Stock Performed Well During the Pandemic?

There is no doubt that the economy has taken a big hit during the pandemic, which spread on a global scale in the first few months of 2020. Some stocks have performed better than others. As such, another thing to look out for is how the stock has weathered the storm.

Below you will find a few examples:

  • Tesla was trading at $85 at the end of March 2020. Throughout the pandemic, the stock has increased by 1,188%
  • NIO was priced at $2.40 at around about the same time. The shares have since seen an increase of nearly 1,500%
  • Lucid Group went public in July 2021 and shares in the company have since increased by 417%

As you can see, some electric car stocks are flourishing. In some cases, companies have reported fewer global sales, but the share price continues to rise. Government incentives, investments, and the need for a reduction in carbon emissions all drive demand for electric vehicles.

Where to Buy Electric Car Stocks – Full Broker Reviews

Below, you will find a list of reviews concerning brokers that allow you to buy electric car stocks. Each platform is regulated by the SEC and adheres to a strong code of conduct. As you will see, most brokers support fractional investments and charge nothing in commissions when buying US-listed equities.

1. eToro – Overall Best Place to Buy Electric Car Stocks

bitcoin today

eToro is one of the best all-rounders in terms of selection, ease of use, and low-cost trading. For a start, there are over 2,500 stocks listed here, as well as a bountiful selection of ETFs, indices, cryptocurrencies, and forex pairs. In addition to being regulated by the SEC, this stockbroker is a member of FINRA. Moreover, when buying and selling stocks or ETFs, you will not be charged commissions at eToro.

For the purpose of this guide, we investigated which electric car stocks are available at this to-rated broker. Listed markets are inclusive of some of the best electric car companies in the industry. We found Tesla, Ford Motors, NIO, Lucid Group, and ChargePoint, as well as many other options. You will also find a range of ETFs, covering everything from renewable energy companies to vehicle manufacturers and so forth.

etoro copy portfolio

You can allocate as little as $50 to buy a share because eToro supports fractional investments. If you want to try a laid-back approach, you can also invest in a managed portfolio of assets at this brokerage. This is called CopyPortfolio, and we found one called Driverless. It contains 30 stocks from electric vehicles and autonomous car firms.

eToro accepts several payment methods as a means of funding your investment, and you can deposit from just $50 and up. There is a diverse selection of deposit types to pick from. Covering everything from ACH and online banking to debit/credit cards and e-wallets. The latter comprises Neteller, Skrill, and PayPal. In terms of trading features, you can view live price information and access basic charting tools with ease.

Pros

  • Invest in stocks at 0% commission
  • Minimum investment per stock is $50
  • Supports debit/credit cards, e-wallets, and bank transfers
  • Regulated by the SEC, FCA, ASIC, and CySEC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Buy Electric Car Stocks at 0% Commission

webull review

Webull makes it easy to buy electric car stocks. The broker offers 0% commission on shares (if listed in the US). As such, the spread will be payable when placing a buy or sell order. This review found that Webull isn’t as competitive as eToro when it comes to the spread. With that said, there is no minimum deposit to pay and you will find top electric car stocks here, such as Tesla and NIO.

webull review

There are a variety of retirement accounts offered by this platform for those interested. To buy electric car stocks, you will need to open and fund an account. The broker does not set out a minimum deposit and you can finance your future investments with ACH or bank wire. In addition to stocks, Webull also gives you access to options, ETFs, and digital currencies.

Pros

  • Thousands of US-listed stocks
  • 0% commission trading
  • Also supports ETFs and stock options
  • No minimum deposit

Cons

  • No support for debit/credit card deposits
  • Very limited selection of non-US stocks
  • Spreads can be somewhat high
  • Wire transfer withdrawals cost $25 per transaction

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Interactive Brokers – Trade US Electric Car Stocks at 0% Commission

Interactive Brokers

Interactive Brokers has been on the scene since 1978 and it has to be said, this platform offers a significant number of financial instruments. This guide found 135 markets across 33 countries listed – which is practically unrivaled in this space. And as such, Interactive Brokers will allow you to buy and sell electric car stocks with 0% commission, under the proviso they are listed in the US.

Interactive Brokers

You will find some major automotive stocks here. To finance your Interactive Brokers account, you can select check, bank wire, or ACH. This review found there is a variety of trading tools aimed at experienced investors. As such, beginners might find the platform difficult to navigate. Nevertheless, you won’t need to meet a minimum deposit at Interactive Brokers.

Pros

  • Thousands of investments across 135 markets
  • Advanced trading platform for seasoned investors  

Cons

  • Low fees only offered on US-listed stocks
  • Too complicated for beginners 
  • Debit card deposits and withdrawals not available     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

4. SoFi – Invest in Electric Car Stocks via Fractional Shares   

SoFi invest review

SoFi is another reputable broker that has been around since 2011. You can invest in the best electric car stocks in the US here with as little as $5. This is thanks to the broker permitting purchases of fractional shares. For example, let’s say you wanted to stake $5 on Tesla. This enables you to own a tiny portion of a share, instead of needing to allocate thousands to an investment.

SoFi invest review

Furthermore, you will pay 0% commission on US-listed stocks. There is no minimum deposit stipulated by SoFi. You can make a deposit by entering the amount you wish to finance your account with and choosing a supported payment type. This comprises bank wire, checks, or recurring deposits. SoFi also offers access to ETFs and cryptocurrencies.

Pros

  • Supports fractional shares
  • Offers stocks, ETFs, and crypto
  • Access to IPOs 

Cons

  • Trading platform comes with limited features
  • No copy trading tools
  • Number of supported assets is somewhat limited

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

5. E*TRADE – Good for Long-Term Electric Car Stock Investments 

E*TRADE review

Founded in 1982, E*TRADE is an established brokerage. This platform only offers access to a few international markets, as many of its UK and EU operations have ceased. Nevertheless, there is a decent selection of US-listed markets, including electric car stocks like Tesla and NIO. Moreover, this broker won’t charge you any commission to buy stocks listed on the NYSE and NASDAQ.

E*TRADE review

There are various accounts to choose from at E*TRADE. This covers IRAs and self-directed plans. If you sign up for the standard E*TRADE account, you won’t have to comply with a minimum deposit. To finance your future stock purchases, pick a deposit method from ACH, bank wire, or checking account. Importantly, if you elect to buy electric car stocks from international marketplaces, you will need to pay commissions. 

Pros

  • Great for long-term investments
  • Supports a variety of retirement accounts
  • Low fees  

Cons

  • Very limited number of non-US stocks
  • Won’t suit seasoned investors seeking high-level trading tools     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

6. Robinhood – Great US-Based Stockbroker for Beginners 

robinhood review

The first thing to note is that other than a few ADRs, Robinhood does not offer any stocks outside of the US. As such, if you were considering an electric car company listed on a foreign exchange, you will not find it here. Having said that, this broker lists plenty of US stocks and doesn’t charge any commission to buy and sell them.

robinhood review

One of the other key advantages of buying stocks at Robinhood is that you can invest in a fraction of an electric car share by allocating as little as $1. When you are ready to add some funds to your stockbroker account, you can choose from bank wire or ACH and there is no minimum to meet. Only the first $1,000 of your deposit will be credited straightaway if you’re on the standard account.

Pros

  • No commissions charged
  • Offers US-based stocks, ETFs, and options
  • No minimum deposit
  • Very user-friendly

Cons

  • Spreads can be uncompetitive
  • No support for e-wallets or debit cards
  • No foreign stocks

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

7. Zacks Trade – Top Broker for Seasoned Traders  

zacks trade review

If you have some experience in stock trading, you might opt for Zacks Trade to buy shares in electric car companies. This is a regulated and longstanding broker, but you should be aware that it is not commission-free like the other platforms discussed so far. As such, when you buy electric car stocks, you will be required to pay a commission fee of $0.01 on each share you buy.

zacks trade review

When you want to fund your stockbroker account, there is no minimum deposit at Zacks Trade. However, the platform advises its clients to add at least $2,500. Your options to finance your account are debit/credit cards, ACH, and check. Another benefit of choosing Zacks Trade is that the platform offers plenty of research and analysis tools.

Pros

  • Advanced trading platform
  • Huge research and analysis department
  • Great for seasoned traders

Cons

  • Too complex for beginners
  • Cheaper trading fees available elsewhere
  • Minimum deposit required is $2,500

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Merrill Edge – Online Stockbroker With a Variety of Investment Accounts   

Merrill Edge review

Like some of the brokers on this list, you will be free to access the best electric car stocks on a commission-free basis at Merrill Edge. This platform is part of the Bank of America and offers multiple account options. This includes a beginner-friendly standard account that allows you to buy electric car stocks on a self-directed basis.

Merrill Edge review

Alternatively, you might also consider a guided account that is ideal if you want to invest passively. Either way, finance your investment account via check or bank wire transfer. You can also opt for cash transfers from a third party or a Bank of America account. Note that a check deposit takes up to 5 business days to clear.

Pros

  • Several account types to choose from
  • Self-directing accounts offer 0% commission stocks
  • ETFs, mutual funds, and bonds also supported 

Cons

  • Financial advisory accounts require minimum investment of $20,000
  • No direct fractional share purchases    

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

9. Fidelity – Trusted US-Based Stockbroker With 7,000+ Stocks   

fidelity review

Fidelity has been in operation since the 1940s and lists more than 7,000 stocks. Stocks can be bought and sold with 0% commission so long as they are US-based, such as those listed on the NYSE or the NASDAQ. You can buy a fraction of a share in an electric car company by using the broker’s slicing tool.

The minimum stake is $1, which means you could easily diversify and choose multiple stocks to invest in. There is no minimum deposit required to open an account at Fidelity. Your deposit options include checks and wire transfers. Fidelity also gives you access to funds, bonds, IPOs, and more. Research materials are plentiful at this broker.

Pros

  • Trusted US-based brokerage
  • $0 commission on US stocks and ETFs
  • Stock Slice tool allows fractional investments of $1 

Cons

  • Perhaps too complex for newbies
  • Non-US assets come with high fees  

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

10. Ally Invest – Challenger Bank Offering Low-Cost Electric Car Stock Investments  

Ally Invest review

Finally, as with all the brokers we have reviewed today, Ally Invest is regulated by the SEC and is also a member of FINRA. There are only US-based stocks listed here, but you can invest as little as $0.50 to buy a fraction of a share in your chosen electric car company. There are multiple accounts to choose from when you sign up.

ally invest review

However, newbies will be most comfortable with the self-directed account as there is no commission to pay on stocks. You can fund your Ally Invest account with bank wire, third-party transfers, or checks. There is no minimum amount needed for the aforementioned self-directed account. You can also access mutual funds and bonds at this broker – either online or via the Ally Invest app.

Pros

  • Access banking and investment services via a single platform
  • $0 commission stocks and ETFs
  • No minimum deposit

Cons

  • Does not offer international shares
  • Tools and research features very limited   

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Electric Car Stocks – Detailed & Explained in Full

We’ve talked about the best electric car stocks throughout this guide and reviewed 10 top-rated trading platforms to consider.

To get the ball rolling and purchase shares in your chosen companies today, follow this guide on how to buy electric car stocks at eToro. The broker is reputable, regulated, cost economical, and offers an easy-to-use interface.

Step 1: Open a Broker Account

eToro will need your name and contact details to get the ball rolling and open a new account for you. When prompted, you can also provide your address and a few other details about your identity. As you likely know, this is standard practice when creating an account with a regulated company.

how to join etoro

To reduce the risk of crime, eToro complies with AML regulations and will take you through a speedy ID validation process called KYC. To complete this, send a clear copy of your government-issued ID – a driving license or passport will suffice.

Confirm your address by also attaching a statement from your bank or a bill from a utility or internet provider. See the eToro site for a full list of accepted KYC documents.

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Deposit Funds

By now you should have a fully functional eToro account set up and ready to go. Now, you can take a few moments to finance it, so you can buy electric car stocks today. You can finance your account with as little as $50. Start by entering the amount you want to add to your eToro account.

Deposit Funds

Complete the deposit form by choosing a payment method and entering the relevant details. Your choice includes e-wallets, a bank wire, and debit/credit cards. eToro will then add the funds to your available trading balance.

Step 3: Search for Electric Car Stocks

Step 3 is a simple case of finding the best electric car stock for your portfolio. If you click ‘Discover’, you can see all the broker’s assets. Results can be filtered further by pressing ‘Stocks’ and seeing what’s available.

eToro Search Tesla

Alternatively, enter the company name in the search bar. As you see above, we are searching for Tesla stock. Press the ‘Trade’ button next to the asset you wish to buy.

Step 4: Buy Electric Car Stocks

This is the final step to buying electric car stocks. We have opted to buy a fractional share in Tesla, totaling just $50.

eToro Order Tesla

Enter the amount you want to invest in your chosen renewable energy stock, from $50 and up, and press ‘Open Trade’ as confirmation.

How to Buy Electric Car Stocks – Conclusion

If you are looking to buy electric car stocks, you will need to gain access to the likes of the NASDAQ and the NYSE. This can be achieved by signing up with a well-rounded brokerage. You should also study your chosen electric car stock in more detail.

For instance, do you want to invest in a company that manufactures electric vehicles alone or one that operates a charging infrastructure? We reviewed a list of top-rated brokers to find the best electric car stocks and eToro won hands down. This broker is a FINRA member and holds a license from the SEC.

The platform offers plenty of electric car stocks with 0% commission and supports fractional stakes from only $50. Signing up is made simple at this easy-to-navigate platform and there is a diverse selection of deposit methods to fund your account.

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.