From Yahoo Finance: 2025-05-11 17:40:00

In 2024, electric vehicles (EVs) made up 8.1% of US vehicle sales, below the 10% expected. Cadillac plans to offer five EVs by 2025, aiming for 30-35% of US sales to be EVs. However, Cadillac scrapped plans to sell only EVs by 2030 due to slow customer adoption.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is a smart energy tech company known for improving solar PV system efficiency. They serve various energy market segments, including EVs. SolarEdge recently acquired Wevo Energy Ltd. to optimize and manage EV charging, expanding solutions for commercial and industrial customers.

On May 7, 2025, SolarEdge launched a solar-powered EV charging solution for businesses. This solution, controlled by an energy management system post-Wevo Energy acquisition, can reduce EV charging costs by up to 70%. SolarEdge ranks 3rd on the list of small-cap EV stocks to buy now, with potential for investment growth.

Read more: Is SolarEdge Technologies (SEDG) the Best Small Cap EV Stock to Buy?