From Yahoo Finance: 2025-05-11 16:24:00

In our recent article, we highlighted the 10 High Growth EV Stocks to Invest In, focusing on ChargePoint Holdings, Inc. (NYSE:CHPT) among others. Electric vehicles are changing the automotive landscape, with sales rising in Q1 2025. However, ongoing tariffs and policy uncertainties pose challenges to the market.

The global EV market is expected to grow by over 17% in 2025, with China leading the sales surge. Despite uncertainties, the U.S. market is projected to see a 16% increase in EV sales. Rho Motion Head of Research, Iola Hughes, emphasized the ongoing shift to electric vehicles and predicted growth over the next decade.

ChargePoint Holdings, Inc. (NYSE:CHPT) emerges as a key player in the electric vehicle charging industry, with a significant market share in the U.S. The company unveiled innovative charging designs, reducing net losses and forecasting revenue growth in fiscal 2026. Despite its potential, AI stocks are seen as holding greater promise for higher returns in a shorter timeframe.

Overall, CHPT ranks 7th in our list of High Growth EV Stocks. While the company shows promise, AI stocks are considered more lucrative. For investors seeking a promising AI stock trading at less than 5 times its earnings, our report on the cheapest AI stock offers valuable insights.

Read more: Is ChargePoint Holdings (CHPT) One of the High Growth EV Stocks to Invest In?