Buy EV Battery Stocks – 5 Best EV Battery Stocks To Buy Right Now In 2022

Fact Checked by Gary McFarlane

Backed by favorable government policies and a widespread shift towards energy-efficient solutions, the market for electric vehicles is on the rise. And consequently, so is the demand for EV batteries.

If you want to expand your portfolio into this market, our best EV battery stocks guide can offer you some insight. Within it, we explore the most promising companies in this sector, and how you can buy EV stocks via a 0% commission broker.

Table of Contents

#1 Broker to Buy EV Battery Stocks – eToro

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How to Buy EV Battery Stocks – A Quick Guide For 2022

Some of you reading this guide might already have an idea of which EV battery stocks you want to invest in. But you might be unsure of how to proceed.

The mini-guide below explains the key steps of how to buy EV battery stocks with a 0% commission broker like eToro.

  • Step 1: Open an Account with eToroVisit the eToro website to get started. Upon clicking the ‘Join Now’ button, a signup box will pop up. This is where you can fill in your basic personal information such as your full name, contact details, and email address, before choosing a username and password.
  • Step 2: Upload Your ID – Being a regulated broker, eToro requires you to verify your identity. You can complete this step by uploading a copy of your government-issued ID, and a utility bill or bank statement. This process is automated and you can access your newly created account in less than 2 minutes.
  • Step 3: Deposit Funds – You can then add funds to your account using instant payment methods such as a debit/credit card or PayPal. Bank wires and ACH transfers are also supported, but these might take a while to complete. The minimum amount required is just $50 and you can make the deposit in US dollars for free.
  • Step 4: Search for EV Battery Stock – Next, you can look for your preferred EV battery stock on eToro by simply searching for it on the website. When you locate the shares you want to purchase, click on the ‘Trade’ button.
  • Step 5: Buy EV Battery Stocks – Enter the amount you want to invest into the EV battery stock and confirm by clicking on the ‘Open Trade’ button.

The entire process on eToro, from start to finish, will take no longer than 10 minutes. Moreover, when you buy EV battery stocks at eToro, you will not pay any commission.

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

Best EV Battery Stocks to Buy Now – List of the Best EV Battery Stocks

If you are eager to find the best EV battery stocks in the market, below we have put together a list of top-rated companies in this sector. 

  1. NIO Limited (NIO) – Overall Best EV Battery Stock to Invest in
  2. Lithium Americas (LAC) – Best EV Battery Stock in the US Market
  3. ChargePoint Holdings Inc. (CHPT) – Best EV Battery Stock With Attractive Growth Potential
  4. QuantumScape Corporation (QS) – Best EV Battery Stock in its Early Stage
  5. Albemarle Corporation (ALB) – Best EV Battery Stock for Diversification

For those who need more information about these best EV battery stocks, you will find a full analysis further down this guide.

How To Buy EV Battery Stocks – Choose a Broker

In order to buy EV battery stocks, you need to have an account with an online brokerage platform. If you are new to the investment arena, here are some of the best providers in the market worth considering.

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

It is imperative that you take time to analyze your needs, and find the right investment platform that fits your requirements. With this in mind, we suggest that you read our broker reviews in detail – which you will find further down.

What are EV Battery Stocks?

In a few words, EV battery stocks are companies that manufacture and sell batteries for electric vehicles. With the world looking for ways to transition from a fossil-fuel-based economy, there has been an increasing demand for green approaches.

A result of this is the promotion of the electric vehicle business and its ancillaries. Consequently, the supporting infrastructure for electric vehicles – such as EV battery technology, has also been gaining a lot of interest in the market.

  • EV batteries power the engines of electric and hybrid automobiles, thus supporting clean energy initiatives.
  • And thus, the development of such solutions is encouraged tremendously by governments across the world.
  • One way to profit from this global transition to electric vehicles is to invest directly in companies that manufacture EV batteries or are associated with the industry. After all, EV batteries are inevitably the most crucial components used in the manufacturing process.
  • In other words, if the demand for EVs is to rise over the next decade, so will the market for EV battery stocks

Companies that are successful in building and selling EV batteries are plentiful. Some notable examples include Panasonic, NIO, and Lithium Americas – which are already established in this industry. There are also some startups emerging that are developing new and promising technologies.

Best EV Battery Stocks to Buy Now – Full Analysis

The EV battery market is witnessing steady growth. Although traditional lithium-ion batteries have dramatically improved, there are dozens of new companies striving to find better and innovative ways of energy storage.

When choosing the best EV battery stocks to invest in, you should conduct detailed research while keeping in mind the volatility found in this marketplace. Nonetheless, some of the best EV battery stocks in the market today can be found below.

1. NIO Limited (NYSE: NIO) – Overall Best EV Battery Stock to Invest in

NIO is one of the most prominent electric vehicle and EV battery manufacturers in the world. Although the firm has its headquarters in China, it is listed on the NYSE and is accessible to purchase via this US exchange. There is a distinct reason why we have included NIO in this list of best EV battery stocks.

This company follows a Battery-as-a-Service model that decouples from electric vehicles. This allows EV owners to rent battery services on a monthly basis rather than having to invest in one for the long term.

Buy EV Battery Stocks NIO charts

In other words, NIO is able to sell its batteries at a lower price when compared to its competitors. This key factor works in favor of NIO in the market. In fact, with the BaaS program, the company claims that it can reduce the cost of an electric vehicle by $10,000 – which is a huge selling point. Moreover, when compared to the likes of Tesla, NIO is at the start of its EV journey and has plenty of growth potential.

Over the past five years, the company has seen a growth of over 200% in its stock value. The stock hit its highest point in January 2021, at $60.31 per share. At the time of writing, NIO is trading at $33.12, which makes it an affordable option for many investors. With its expansion to the European market in 2022, the share price of NIO could enjoy attractive growth, so this might be the right time to add this stock to your portfolio.

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

2. Lithium Americas (NYSE: LAC) – Best EV Battery Stock to Target the US Market

The growing demand for EV batteries is also creating an incentive for lithium supply, and Lithium Americas is at the forefront as a supplier. This mining company has multiple projects in development, including one in Argentina and another in Nevada, US. The latter is the largest-known resource of lithium in the country and is gearing up for production.

As per the latest quarterly report of Lithium Americas, both projects are on track as planned. Together, these mining sites aim to reach 100,000 tons annually at full output. However, these are yet to begin production. In addition to this, the company has also reported having sufficient cash on hand and undrawn credit available for funding its operations.

best Ev battery stocks LAC chart

In light of this, Lithium Americas appears to be one of the best EV battery stocks to buy with long-term potential. The price of the shares has been on an upward trajectory since 2020, primarily due to announcements concerning its upcoming mining projects. In fact, in the course of five years, the value of LAC has increased by over 1,100%. At $35, this mining firm is still at its early stages of growth.

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

3. ChargePoint Holdings Inc. (NYSE: CHPT) – Best EV Battery Stock With Attractive Growth Potential

While one way to tap into the EV battery stock market is to invest directly in manufacturers, the other option is to buy shares of auxiliaries – such as EV charging stations. ChargePoint is one of the largest operators in this field in the US and Europe. With over 118,000 ports across its ever-growing network, the company has a growing addressable market.

When it comes to the firm’s stock price action, ChargePoint shares are relatively cheap. At the time of writing, the shares are available at $20.98, following a U-shaped trajectory through 2021. However, over the past five years, the value of this company’s stocks has gone up by over 100%. Moreover, in the third quarter of 2021, revenues were at $65 million, which is an increase of 79% from the same quarter last year.

best EV battery stocks chargepoint chart

Considering the transition to EV, ChargePoint is widely considered a growth stock. It has multiple revenue sources and has been experiencing significant growth in the US and Europe across its commercial, fleet, and residential branches. However, how the company performs, in the long run, depends on public demand for EV charging. 

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

4. QuantumScape Corporation (QS) – Best EV Battery Stock in its Early Stage

Next up is QuantumScape, a US company that is just beginning to test its battery technology at a larger scale. At first glance, the price performance of this stock might not strike you as overly attractive. After all, the value of the stocks has plummeted by over 65% since the beginning of 2021. However, there are a few factors that work well for this asset.

First, the biggest attraction of QuantumScape is its technology, which aims to improve on the limitations of current lithium-ion batteries. The company leverages solid-state technology to develop lithium-metal models that can be charged relatively quickly and might be sold at a lower rate. In case this becomes successful, this can revolutionize the EV space.

Best EV battery stocks QS chart

Secondly, QuantumScape has signed an agreement with Volkswagen to supply batteries to the EV manufacturer. Crucially, this partnership is not exclusive, meaning, QuantumScape can sell its products to other automakers. Although there are many unknowns between testing and commercial production, if the company manages to be successful in real-world operation, the stock value might also see a bullish trend.

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

5. Albemarle Corporation (NYSE: ALB) – Best EV Battery Stock for Diversification

North Carolina-based lithium producer Albemarle has plenty to gain from the enthusiasm towards EV vehicles. The company expects the demand for lithium to rise exponentially in the future, and already has plans to capitalize on it. It is expanding production and has an estimate of around $1.5 billion to spend on projects in Australia, the US, and China.

And when it comes to price action, ALB has had a good year. The value of the stock is up over 85% in 2021 alone. Over the past five years, the price of this company’s share has nearly quadrupled. Furthermore, investors are also paid out dividends by Albemarle, which was 0.6% in the last quarter of 2021.

Best EV battery stocks ALB chart

Additionally, Albemarle is also diversified in its operations. Lithium makes up only 37% of its current portfolio, while the rest comes from products for fire safety solutions and other specialty chemicals. These have a range of applications in the textile and oil industries, as well as in consumer electronics, disinfectants, and more. In light of these factors, Albemarle can easily fit into the category of best EV battery stocks to buy in the present market landscape.

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

How to Choose the Best EV Battery Stocks for my Portfolio?

As we have already established in this guide, market forces and green government policies have resulted in a growing demand for electric vehicles. And as such, this also means that there are several major companies battling in the EV battery space.

Consequently, it can be tricky to figure out which company is the best for your portfolio. Before you decide to buy EV battery stocks, you need to invest time to find out which companies have sufficient upside potential.

To help you with this decision, we discuss some of the most important factors to analyze when choosing the best EV battery stocks to invest in.

Financial Health of a Company

One of the first steps for you to do is to understand the financial standing of the EV battery stock. This helps you to assess the fair price of the company in question. In other words, you need to evaluate whether the EV battery stock is overpriced or undervalued. For instance, when Lithium Americas had its IPO, a single share was priced at just over $1.

Best EV Battery Stocks LAC

Over the course of a decade, the value of this company’s stock has increased by over 2,800%. Apart from a few market dips, the price has continued to rise steadily. The same can be said for Albemarle, which started to encounter huge growth in 2020, after venturing into the EV market.

However, Albemarle was able to sustain itself in the market, even before the EV boom – which is a good indicator of the financial health of the company and its respective cash flow levels. This means that it is important that you assess the balance sheet of the best EV battery stocks before you decide to make an investment.

Earnings Growth

Another factor to consider is whether the profits of your chosen EV battery stock generally increase. If so, this can be a good indication that the company is moving in the right direction. Even gradual, but regular growth over a long period of time can be positive.

For instance, Chinese EV battery maker NIO has offered attractive growth for its shareholders in recent years:

  • The company’s revenue in 2019 was nearly 56% higher from 2018.
  • In 2020, revenue increased by 121.68%.
  • NIO continues to report annual earnings that were significantly higher, closing 2021 with a 128.29% increase year-over-year.

This shows consistent growth in earnings – on a quarter-over-quarter and annual basis.

best Ev battery stocks NIO

Similarly, if you are considering buying EV battery stocks, you should look at the revenue reports of the company. Those with a positive growth trend tend to demonstrate operational stability. You might also want to ensure that the organization has strategies to maintain sales growth, and attract new customers – such as the BaaS model adopted by NIO.

Risk Assessment

It goes without saying that before thinking of how to buy EV battery stocks, you should carefully consider the risks associated with the company in question.

Let us take the case of QuantumScape as a prime example:

  • At a price of just over $26 per share, many consider this as an undervalued buy.
  • As we noted earlier, QuantumSpace plans to launch a new design of EV batteries – which are in the development stages.
  • That being said, some investors consider QS a highly risky investment due to the firm’s projected lack of any revenue until at least 2024.

In other words, if you buy shares of QuantumScape, you might have to wait a considerable amount of time to see whether or not this company can succeed in this sector. Although there are several factors that work for this stock, any developments can take place within this period – which increases the risks associated with this investment.

Where to Buy EV Battery Stocks – Full Broker Reviews

Now that you have an idea of which are the best EV battery stocks to consider, let us look at how you can buy them. When making online investments, the most crucial step is to make sure that you are using the right broker.

However, given the ever-growing competition in the investment arena, you might be confused at the sheer number of choices out there. To make things easier for you, below we list some of the best brokers to buy EV battery stocks from – based on factors such as safety, fees, and features.

1. eToro – Overall Best Place to Buy EV Battery Stocks

bitcoin today

eToro is a global trading platform that supports stocks, ETFs, commodities, forex, and cryptocurrencies. Launched in 2007, the broker currently boasts over 20 million users across plenty of different experience levels. And perhaps, most importantly, eToro is one of the best options out there when it comes to safety, as it is licensed by the SEC, FCA, ASIC, and CySEC.

This heavy regulation is not the only aspect we like about eToro. This broker allows you to buy EV battery stocks at zero commission, and from just $10. There are multiple payment methods supported for you to fund your account conveniently, including debit/credit cards, e-wallets, or a bank wire. Moreover, the minimum deposit amount is set at just $50.

etoro copy portfolio

As a social trading platform, eToro lets you follow and copy other traders, by mirroring their positions in your own account. This service does not attract any additional fees and gives you the opportunity to trade passively. We found CopyPortfolios to be another interesting product, which enables you to invest in a portfolio of different assets selected by financial experts.

Furthermore, the eToro interface is extremely beginner-friendly, while still integrating charting tools and indicators for advanced professionals. Finally, if you like to have the option of buying and selling assets via your phone, eToro offers a native app that is available on both iOS and Android. devices. The mobile app connects to your main eToro account – so you can gain access to your investments via a single login.

Pros

  • Invest in stocks at 0% commission and ZERO stamp duty
  • 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 EV Battery Stocks at 0% Commission

webull review

The most notable advantage of Webull is that the broker does not require you to meet any minimum deposit threshold. Instead, you can open an account for free, and buy EV battery stocks without having to pay any commission. Apart from equities, the platform also allows you to diversify your portfolio with a suite of investment products including options, ETFs, and ADRs to access foreign markets.

webull review

However, Webull lacks support for any instant payment methods. Currently, the broker accepts deposits only via ACH and bank wires. Meaning, there might be a waiting period of a few days before your funds appear in your account. Nonetheless, you can buy EV battery stocks with a small amount of capital, not least because the platform offers fractional shares.

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. SoFi – Invest in EV Battery Stocks via Fractional Shares 

SoFi invest review

SoFi is a full-fledged financial platform that offers lots of investment services. Established in 2018, this broker allows you to access self-directed, IPO, and automated investing, alongside a number of retirement accounts. And interestingly, there is no commission or minimum deposit requirement for you to buy EV battery stocks via this provider.

SoFi invest review

SoFi also comes with a handy mobile app that is beginner-friendly and allows you to invest on the go. There is an education center that includes several articles introducing you to online investments and trading tools. If you are looking to diversify, SoFi also gives you access to ETFs and cryptocurrencies. As a financial platform, SoFi also doubles up as a provider of credit cards and personal loans.

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.

4. Merrill Edge – Online Brokerage With a Variety of Investment Accounts   

Merrill Edge review

If you plan to buy EV battery stocks via Merrill Edge, you can be sure to benefit from unlimited access to high-quality research and personal financial guidance. This is because Merrill Edge provides customer support via 4,000+ Bank of America branches. The platform also comes with zero account minimums with no annual or inactivity fees. The company offers a wide range of tradable securities including equities, ETFs, bonds, options, and mutual funds.

Merrill Edge review

If you are to buy EV battery stocks listed in the US, you do not have to pay any commission. However, the platform is suitable for long-term investors and not active traders, primarily because Merrill Edge is not known for fast execution speeds. The provider also lacks advanced order types that are typically preferred by seasoned professionals.

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.

5. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments  

Ally Invest review

Ally Invest is the investment arm of Ally Financial Group. Similar to SoFi, this brokerage allows you to consolidate all your financial requirements in one spot – such as checking and savings account, credit cards, loans, and even managed portfolios. However, with just over 400,000 traders on its books, Ally Invest is one of the smaller providers on this list.

ally invest review

That being said, this broker offers a beginner-friendly interface to all its users, where you do not have to pay any commissions to buy EV battery stocks. This fee structure is also applicable for ETFs. However, the main downside of using this platform is that you cannot invest in companies listed on international markets. On the other hand, there is no minimum deposit requirement.

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.

6. Zacks Trade – Top Broker for Advanced Traders  

zacks trade review

Unlike the majority of the brokers discussed today, Zacks Trade does not offer zero-commission access to EV battery stocks. However, it does offer you a state-of-the-art trading interface for you to capitalize on investment opportunities. If you prefer to have robust technical analysis tools at your disposal, then this platform is worth checking out.

zacks trade review

Coming to the topic of fees, you will have to pay $0.01 per share to buy EV battery stock via this broker. In addition to this, the platform recommends that you deposit at least $2,500 into your account, although this is not a mandatory requirement. It is also possible for you to access margin facilities when making investments, and these are offered at low rates.  

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.

7. Fidelity – Trusted US Brokerage With 7,000+ Stocks   

fidelity review

Fidelity has, perhaps, one of the most extensive lists of supported markets in the brokerage space. The platform gives you access to no less than 7,000 stocks across both US and international markets, alongside several other asset classes. Whether you want to diversify into ETFs, index funds, or bonds, this provider can present you with tons of options.

Fidelity is not only suitable for long-term investors, as it provides plenty of tools for active traders too. You can open an account with the broker without needing to make a minimum deposit and can buy US-listed EV battery stocks at zero commission. If a particular stock is listed at a high price, you also have the option to access it via fractional shares from just $1.   

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

8. Robinhood – Great US-Based Broker for Beginners 

robinhood review

Robinhood is best known for being one of the first online brokers to offer commission-free trading. On top of this, it has an extremely simple and easy interface to use for beginners, both on its web and mobile platforms. The broker allows you to invest in thousands of stocks across the NYSE and NASDAQ and even gives you access to newly launched IPOs.

Apart from the share market, Robinhood also supports ETFs, cryptocurrencies, and cash management. You can also trade derivatives such as stock options via this platform, and invest in foreign companies via ADRs. Moreover, there is no minimum deposit requirement to open an account with this broker.

robinhood review

Robinhood is regulated by the SEC in the US, and also holds membership with FINRA. The broker accepts payments via ACH and bank transfers; however initial deposits are limited to $1,000 for all uses except gold account holders. If you are a beginner, then you will find plenty of resources that can guide you through each required step when buying EV battery stocks via this platform.

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.

9. E*TRADE – Good Broker for Long-Term Investments 

E*TRADE review

E*TRADE is a pioneer of the online brokerage industry and shifted to a zero-commission pricing model for stocks in 2019. It supports a variety of investment products, however, you cannot access international exchanges to buy EV battery stocks. That said, you can adopt a passive strategy by taking advantage of the automated portfolio tool built into the platform.

E*TRADE review

This broker is preferred primarily by professionals since it offers heaps of advanced tools such as screeners and charts. This allows you to find the right investment opportunities, especially if you are choosing a standard self-directed account. You also have the option to choose a retirement plan to access assets through this provider in a tax-efficient way.

Pros

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

Cons

  • Very limited number of non-US stocks   

at eToro, #1 Online Broker

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

10. Interactive Brokers – Trade US Stocks at 0% Commission

Interactive Brokers

Interactive Brokers is one of the oldest brokerage platforms out there. Founded in 1978, the provider has customers in over 200 different countries. You can access tons of investment and trading products across US and international markets and at competitive fees. This includes EV battery stocks, options, futures, forex, bonds, warrants, and more.

Interactive Brokers

All that being said, Interactive Brokers is not as user-friendly as some of the other platforms discussed today. That is to say, it can come across as a sophisticated platform, especially to beginners. Nevertheless, if you are an experienced investor, there are tons of advanced tools and indicators that can come to your aid when deciding which EV battery stocks are right for your portfolio.

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.

How to Buy EV Battery Stocks – Detailed & Explained in Full

If this is your first time making an investment, you should know that buying the best EV battery stocks online is very easy. However, you need to make sure that you pick the right brokerage platform that is beginner-friendly and cost-effective – such as eToro.

This broker allows you to buy EV battery stocks without paying any commission, and the entire end-to-end process can be completed within a few minutes.

In this final section of our guide, we offer you a detailed account of how to buy EV battery stocks today.

Step 1: Open a Broker Account

As is industry-standard, you first need to create an account on eToro before you can buy EV battery stocks. The process is similar to signing up on any website, but the only difference is that you have to provide some personal information and proof of identity.

You can get started by clicking on the ‘Join Now’ button on eToro’s homepage. Within the registration box, you can fill in the necessary details, including your full name, phone number, chosen username, and the password you want to use. 

how to join etoro

To complete the KYC process, you need to upload a copy of your government-issued ID and bill/statement that can verify your address. This step is automated, and so you will have your identity confirmed within minutes. 

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

Step 2: Deposit Funds

Next, you need to make sure that your account is sufficiently funded to buy EV battery stocks. You can choose to make a deposit via a debit/credit card, an e-wallet like Paypal, ACH, or a bank wire. If you are a US resident, then all of these methods are processed fee-free.

Deposit Funds

However, if you are funding your account in a currency other than US dollars, then you will have to pay a 0.5% exchange rate. Note that you need to make a minimum initial deposit of $50 to get started on eToro.

Step 3: Search for EV Battery Stocks

At this stage, you might have an idea of which of the best EV battery stocks you want to invest in. If so, you can merely search for the company on the eToro website. For instance, let’s suppose that you want to buy shares in NIO.

Best Ev battery stocks eToro

As you can see in the image above, you will instantly see the correct stock as soon as you enter the company name. When you have found your chosen stock, click on the ‘Trade’ button to continue.

Step 4: Buy EV Battery Stocks

No matter the price of your chosen EV battery stock, eToro allows you to buy fractional shares from just $10. This means that you can keep the risks to a minimum and thus – invest a small amount.

Buy EV battery stocks eToro

As you see from the image above, you need to enter your stake in the ‘Amount’ box.

Finally, click the ‘Open Trade’ button to confirm the purchase. And that’s it – the process of buying EV battery stocks on eToro is complete.

How to Buy EV Battery Stocks – Conclusion

With interest in electric vehicles rising significantly, the market for EV batteries is also expected to experience a rapid increase over the next decade.

When you have decided which EV battery stocks you want to add to your portfolio, it only takes a few minutes for you to complete the investment via eToro.

eToro gives you access to plenty of EV battery stocks from just $10 – all of which can be purchased without paying any commission.

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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.