From Yahoo Finance: 2025-04-01 09:58:00

In 2024, US all-electric and hybrid vehicle sales reached 20% of new car sales. Gas and diesel cars still dominate. China leads globally with nearly 11 million new energy vehicle sales. However, China’s EV market may slow to 20% growth in 2025 due to consolidation and reduced margins, according to CNBC.

General Motors Company (NYSE:GM) is a top EV stock under $50. GM saw a 50% increase in EV sales in Q4 2024, leading to a 125% surge in EV sales for the full year. GM acquired Cruise Holdings for autonomous vehicle technology. While GM shows promise, some AI stocks may offer higher returns in a shorter time frame.

GM ranks 1st in the list of best EV stocks under $50. GM’s growth in EV sales and acquisition of Cruise Holdings led to its success. However, other AI stocks may offer higher returns in a shorter time frame. Check out the report on the cheapest AI stock for potential investment opportunities.

Read more: Is General Motors Company (GM) The Best EV Stock to Buy Under $50?