The 6 Best EV Penny Stocks To Buy Now in February 2026

Electric vehicles are quickly embracing the mainstream spotlight, changing how the world moves and powering a new wave of clean innovation in the modern era. 

The best EV penny stocks (under five dollars) give everyday investors a chance to join this transformation at a lower cost. 

In this article, we’ll explore six affordable electric vehicle stocks that could capture that growth. 

If you’re searching for smaller, budget-friendly ways to invest in the EV future, this list will give you a clear place to start.

TL;DR: 6 Top EV Penny Stocks To Buy Now

• Faraday Future Intelligent Electric (NASDAQ: FFAI) – Luxury EV maker targeting the performance market
• EVgo Inc (NASDAQ: EVGO) – Expanding fast-charging network
• Blink Charging Co. (NASDAQ: BLNK) – Established EV charger manufacturer
• Kandi Technologies Group, Inc. (NASDAQ: KNDI) – Low-cost electric car producer
• Hyliion Holdings Corp (NYSEAMERICAN: HYLN) – Hybrid and electric trucking solutions
• CBAK Energy Technology, Inc. (NASDAQ: CBAT) – Lithium battery producer for EVs

Best EV Penny Stocks To Start Tracking

Faraday Future Intelligent Electric (NASDAQ: FFAI)

Overview

Based in California, Faraday Future Intelligent Electric builds high-performance electric vehicles, targeting the premium market. Its flagship model, the FF 91, combines luxury design, strong performance, and intelligent in-car technology. 

After launching initial production in 2023, the company continues refining operations, focusing on quality and long-term brand development rather than volume.

Growth Catalysts

The FF 91 sits in the ultra-luxury EV space, appealing to customers who value innovation and exclusivity. 

The company’s flexible Variable Platform Architecture supports future model expansion without large redesign costs. 

Faraday also invests heavily in smart connectivity and driver-assist features, reflecting the industry shift toward software-defined vehicles. 

Strategic funding from global investors and gradual entry into international markets could provide stability as the business matures.

Conclusion

Faraday Future remains a speculative but intriguing choice for those who believe in luxury EV growth. 

While execution and funding challenges persist, its focus on design, technology, and customer experience helps it stand out from traditional automakers. 

Long-term potential exists if the company can convert innovation into consistent production and brand recognition.

EVgo Inc (NASDAQ: EVGO)

Overview

EVgo is one of the largest public fast-charging networks for electric vehicles in the United States, operating more than 1,100 charging stations across 47 states as of late 2025. 

Its model focuses on direct current fast-charging (DCFC) solutions for both retail EV drivers and fleets, positioning it in the infrastructure backbone of the EV transition.

Growth Catalysts

The company stands to benefit from rising EV adoption, government infrastructure incentives, and fleet electrification trends. 

As more vehicles hit the road, demand for fast, reliable charging grows. 

Evgo’s national network, along with partnerships with automakers and potentially fleet operators, places it in a strategic position to capture usage growth. 

Expansion and higher utilization of charging assets could lead to increased revenue per station.

Conclusion

EVgo offers infrastructure exposure in the EV market rather than manufacturing, which may reduce some risks tied to vehicle production. 

If you’re seeking a play tied to the broader electrification theme, this company may appeal. 

Nonetheless, execution and cost control will remain vital as it scales its network and drives utilization.

Top EV Penny Stocks to Watch Now

Kandi Technologies Group, Inc. (NASDAQ: KNDI)

Overview

Headquartered in China, Kandi Technologies manufactures electric vehicles, batteries, and key EV components. 

Unlike luxury-focused competitors, Kandi targets the mass market with compact, affordable vehicles like golf carts and bikes designed for city use. 

The company has also entered the U.S. market through partnerships that distribute its models to consumers seeking budget-friendly electric mobility options. 

Its diverse product portfolio, including low-speed vehicles and battery-swapping systems, provides resilience in a fast-changing market.

Growth Catalysts

Urbanization and policy support for clean transportation in China and abroad underpin Kandi’s long-term prospects. 

Its emphasis on affordability allows it to reach a segment of consumers often priced out of EV ownership. 

The company’s integrated supply chain, producing both vehicles and batteries, gives it cost advantages that can help sustain margins in a competitive market. 

Additionally, its focus on smaller EV models and expanding distribution networks in developing markets could further boost growth. 

As governments set stricter emission standards, Kandi’s low-cost EVs may become increasingly attractive to consumers and fleet operators.

Conclusion

Kandi Technologies offers a practical, value-driven entry into the EV sector. 

While it faces challenges from intense competition and regulatory oversight, its focus on affordability and operational flexibility keeps it relevant. 

For exposure to scalable, low-cost EV solutions, Kandi remains a watch-worthy contender in global electric mobility.

Blink Charging Co. (NASDAQ: BLNK)

Overview

Blink Charging develops, owns, and operates electric vehicle charging equipment and networks across both commercial and residential spaces. 

Founded in Florida, the company has grown into one of the most recognized names in the EV charging industry, serving businesses, municipalities, and individual consumers. 

Its operations cover hardware sales, network management, and energy services, creating a balanced business model around recurring revenue. 

Blink’s stations can be found in shopping centers, parking lots, workplaces, and public areas, giving it broad exposure to real-world EV usage patterns.

Growth Catalysts

Demand for charging infrastructure continues to accelerate as EV adoption rises globally. 

Governments are funding large-scale charging initiatives, and Blink’s active partnerships with city planners and corporate clients position it to benefit. 

The company’s international expansion, including Europe and Latin America, provides diversification and new growth channels. 

In addition, its vertically integrated approach, manufacturing chargers, and running its own network, gives it control over both margins and customer experience. 

As electric fleets expand, Blink’s network utilization and recurring fees could strengthen profitability over time.

Conclusion

Blink Charging sits at the heart of EV infrastructure development. 

While capital costs remain high, its expanding global network and flexible business model give it an advantage as charging becomes a utility-like service. 

That real-world momentum paves the way for long-term growth in a company that captures the broader EV ecosystem.

Hyliion Holdings Corp (NYSEAMERICAN: HYLN)

Overview

Hyliion develops hybrid and fully electric powertrain systems for commercial trucks, helping fleets transition toward cleaner energy without replacing entire vehicles. 

Based in Texas, the company combines mechanical and software expertise to enhance fuel efficiency and lower emissions for heavy-duty transport. 

Its Hypertruck ERX system integrates natural gas-generated electricity with electric propulsion, offering a practical bridge between traditional and fully electric trucking.

Growth Catalysts

The commercial transport sector is under growing pressure to cut emissions, creating demand for solutions like Hyliion’s that retrofit existing fleets. 

Partnerships with logistics companies and component suppliers help validate its technology and streamline commercialization. 

The company’s entry into energy storage solutions for stationary and mobile applications adds diversification. 

As large logistics providers commit to net-zero goals, Hyliion’s modular and scalable technology could become a preferred option for incremental fleet electrification. 

Its focus on efficiency, reduced operating costs, and compliance with environmental standards positions it well for the decade ahead.

Conclusion

Hyliion offers a unique angle on the EV movement by targeting heavy-duty and long-haul trucking, a market not easily served by passenger-focused automakers. 

Though still developing revenue consistency, its niche focus and growing partnerships make it an appealing speculative play for investors seeking exposure beyond consumer EVs.

EV-Related Penny Stocks to Buy in 2025

CBAK Energy Technology, Inc. (NASDAQ: CBAT)

Overview

CBAK Energy Technology produces high-power lithium-ion and sodium-ion batteries used in electric vehicles, renewable energy storage, and industrial applications. 

Operating out of China, the company serves both domestic and international clients, providing a critical component for the growing clean-energy supply chain. 

With decades of experience in battery design and manufacturing, it plays a behind-the-scenes but essential role in electrification and renewable integration.

Growth Catalysts

Global demand for advanced batteries is expected to grow sharply through the decade as EV adoption and renewable energy projects expand. 

CBAK’s continued investment in next-generation battery chemistry, including sodium-ion development, positions it to benefit from technological shifts. 

Its diversified client base across automotive, energy, and industrial sectors helps balance risk while ensuring stable demand. 

Strategic expansion of production capacity and R&D facilities underscores its ambition to strengthen its foothold in the global supply chain. 

As nations prioritize energy independence and sustainability, CBAK’s role as a battery supplier becomes increasingly valuable.

Conclusion

CBAK Energy Technology provides exposure to one of the most essential segments of the EV ecosystem: the battery industry. 

Though it operates with typical manufacturing challenges, its consistent innovation and adaptability make it a long-term player in the electrification wave. 

For those seeking a supply-chain investment rather than a direct automaker, it presents an enduring opportunity.

Should I Invest in an EV Penny Stock?

Investing in EV penny stocks can be appealing, especially for those looking to enter the growing electric vehicle sector at a low cost.

These securities, often priced under $5, offer the potential for significant returns if the company scales and benefits from the rising demand for sustainable energy solutions.

However, these investments come with heightened risks due to their volatility, small market cap, and potential for financial instability.

Thorough research and a clear understanding of the risks involved are crucial when considering any EV penny stock as part of your portfolio.

Selection Criteria

• Market Position: Is the company a leader or innovator in the EV industry or a niche player? Look for strategic partnerships and unique technologies.

• Financial Health: Check cash burn, balance sheet strength, and whether the company can sustain operations through periods of high volatility.

• Growth Potential: Companies developing key technologies like battery production or charging stations may have long-term profit potential, especially with the ongoing EV transition.

Risks and Challenges

• High Volatility: These stocks can fluctuate widely due to lower liquidity and market cap. Sudden shifts in the market or negative news flow may lead to significant losses.

• Competition: The EV niche is becoming more crowded, with many established automakers pushing into the space. Penny stocks may struggle to keep up with fierce competition and innovation in the industry.

• Cash Burn: Many EV startups face the challenge of burning through cash quickly, which increases the risk of dilution if companies need to issue more shares to raise capital.

Risk Mitigation Strategies

• Diversification: Spread your investments across multiple stocks or sectors to reduce the impact of one stock with poor financial performance.

• Due Diligence: Conduct extensive research on company financials, growth strategies, and the EV market outlook before making investment decisions.

• Long-Term Focus: Patience is often necessary with penny stocks. You may need to hold these investments for several years to see potential returns.

Key Trends Driving EV Penny Stocks Nowadays

Government Incentives and Policy Support

Federal and state programs continue to encourage EV adoption through tax credits, clean energy grants, and manufacturing incentives. 

These policies create a supportive environment for smaller EV companies, helping them access funding, expand production, and accelerate research into charging and battery technologies that keep the sector growing.

Advances in Battery Technology

Battery innovation remains central to EV success. Companies developing faster-charging, longer-lasting, and safer batteries are capturing investor attention. 

Breakthroughs in solid-state designs, lithium alternatives, and recycling methods are making EVs more practical and affordable, fueling growth for both established automakers and emerging penny stock innovators.

Expansion of Charging Infrastructure

Charging availability is key to widespread EV adoption. The U.S. is seeing a surge in public and private investment in charging networks, from urban centers to highways. 

This expansion directly benefits charging-focused penny stocks, improving their utilization rates and making EV ownership more convenient for consumers nationwide.

Growth in Commercial and Fleet Electrification

Businesses are transitioning their delivery and logistics fleets to electric models to meet emissions goals and reduce fuel costs. 

This trend supports growth for small EV manufacturers and powertrain developers that specialize in commercial applications, offering steady demand in a market segment less affected by consumer buying cycles.

Rising Investment Interest in Sustainable Technologies

As ESG investing gains traction, more investors are seeking exposure to clean energy and sustainability themes. 

EV penny stocks fit neatly into this narrative, offering affordable entry points to participate in long-term green growth. 

This sustained investment enthusiasm provides capital that helps early-stage EV companies scale operations.

Major Risks to Consider Before Buying EV Penny Stocks

Funding and Dilution Risk

Most EV penny stocks depend heavily on external financing to fund research, production, and expansion. 

When capital markets tighten, these companies often issue new shares to raise cash, diluting existing investors. 

Without steady revenue streams, maintaining liquidity becomes difficult, making funding risk one of the biggest challenges for small EV players.

Competition from Established Automakers

Large automakers like Tesla, Ford, and GM are scaling their electric vehicle operations rapidly. 

Their resources, brand recognition, and manufacturing scale make it hard for smaller startups to compete. 

As these giants enter new EV segments, penny stock companies often struggle to maintain relevance or capture meaningful market share.

Operational and Production Challenges

Many emerging EV companies face production bottlenecks, supply chain disruptions, or delays in product launches.

These challenges can quickly erode both confidence and cash reserves. 

Without consistent manufacturing and delivery progress, even promising concepts risk being overshadowed by better-executing rivals or running out of funds before scaling.

Market Volatility and Liquidity Issues

Penny stocks are more volatile than larger-cap companies, often moving sharply on small trading volumes or investor sentiment. 

This volatility makes timing exits difficult, and low liquidity can lead to wide bid-ask spreads. 

Short-term traders may amplify these swings, increasing the risk of sharp drawdowns.

Regulatory and Policy Shifts

Changes in government incentives, emission standards, or trade policies can directly impact EV companies. 

A reduction in subsidies or increased compliance costs could hurt smaller players more than established firms. 

Staying informed about evolving EV regulations helps investors anticipate how these shifts might influence future growth.

Where to Buy and Sell EV Penny Stocks

Robinhood

Robinhood offers a user-friendly platform for trading penny stocks, including EV penny stocks.

Its no-commission structure makes it accessible to beginner investors, and it provides real-time market data and intuitive interfaces.

However, it may lack more advanced tools for experienced traders looking for in-depth analysis.

Webull

Webull provides a more robust set of tools compared to Robinhood, including comprehensive charting features and detailed financial data.

It also offers commission-free trades on penny stocks, making it a good platform for both beginners and more seasoned investors looking for a wider range of market insights.

EV Penny Stocks FAQs

Are There Any EV Penny Stocks?

Yes, many penny stocks belong to the EV space.

Some of the best penny stocks in this market are Ayro Inc., Kandi Technologies Group, and CBAK Energy Technology.

Can You Get Rich Off Penny Stocks?

Because of their volatility, penny stocks are less likely to make investors rich, especially in the long term.

However, they can still be a good source of quick and easy profits, especially in fast-growing markets like electric vehicles.

Is EV a Good Stock to Invest In?

An electric vehicle company can be a good stock to trade for many reasons.

EVs are becoming increasingly popular, more traditional automotive manufacturers are competing in the market, and the demand is expected to increase in the coming years.

In other words, the potential for a massive increase in share price in the stock market is high.

Who Is the Leader in Electric Cars?

As of today, Tesla is currently the leading electric vehicle manufacturer in the world, having sold almost a million units in 2021.

But as technologies improve and the demand for these products increases, it could face some tough competition from other companies, especially those based in China and Europe.

Which EV Penny Stocks Have Strong U.S. Exposure?

EVgo, Blink Charging, and Hyliion stand out for their domestic operations and ties to American infrastructure growth.

If they’re able to carve out a successful niche, any one of these companies can see significant stock growth in the near future.

What Should I Look for Before Investing in EV Penny Stocks?

Focus on company fundamentals, management quality, and strategic partnerships. Stick more to official financial findings when making an assessment, as all the stocks I shared come from major exchanges and have requirements they must meet.

Final Thoughts

The electric vehicle revolution isn’t slowing down; it’s evolving. What once felt futuristic is now an everyday reality, with innovation spreading from luxury models to budget-friendly options. 

In all honesty, the question isn’t whether EVs will dominate but which companies will successfully scale and sustain momentum.

The six EV penny stocks we discussed offer exposure to different corners of this ecosystem, from charging networks and batteries to hybrid trucking and affordable vehicles. Each has potential, but none are risk-free. 

Position sizing, patience, and ongoing research are critical when navigating early-stage names.

In simple terms, EVs are shaping the future of transportation, yet the real winners are still being determined. 

Consider allocating only a modest portion of your portfolio to these speculative opportunities, stay informed, and think long term. 

The road ahead may be bumpy, but if you can mix discipline and perspective, the journey could prove rewarding.