From Yahoo Finance: 2025-05-11 17:41:00

In 2024, electric vehicles (EVs) accounted for 8.1% of the 16 million vehicles sold in the US, falling short of the 10% analysts expected. However, the EV market may be gaining momentum, with brands like Cadillac expanding their electric lineup to offer five EV models by the end of 2025.

Cadillac plans for one in three vehicles sold in the US this year to be all-electric, aiming for EVs to make up 30%-35% of US sales in 2025. The company sold around 29,000 EVs in 2024, reflecting a strategic shift to attract new customers rather than solely transitioning from gas-powered to electric vehicles.

Despite initial plans to exclusively sell EVs by 2030, Cadillac has shifted its strategy to let customer demand dictate the phasing out of gas-powered vehicles. This adjustment aligns with a broader trend in the industry, as automakers reevaluate their timelines for transitioning to EVs based on consumer adoption rates.

BorgWarner Inc. (NYSE:BWA) ranks among the best small-cap EV stocks to buy now, with a market capitalization of $6.65 billion and 43 hedge fund holders. JPMorgan raised its price target on BWA to $43, citing strong Q1 2025 results with revenue surpassing estimates and a focus on electric product sales growth.

BorgWarner Inc. (NYSE:BWA) plans strategic moves like exiting the charging business, consolidating battery systems, and improving cost control to offset industry challenges. JPMorgan forecasts the company’s EBIT to reach $1.36 billion in 2025 and $1.4 billion in 2026, highlighting BWA’s potential for growth and profitability.



Read more at Yahoo Finance: Is BorgWarner Inc. (BWA) the Best Small Cap EV Stock to Buy?