EV Tax Credits Are Ending—Here’s Why These 2 Stocks Could Soar

Two EV stocks may surge as U.S. tax credits expire—find out why.

A new rule goes live in July — and the banks are quietly cashing in (From American Alternative)

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Understanding the electric vehicle market has become increasingly important over the past several years as EV sales have really started to explode.

Looking forward, EVs are likely to become a larger part of the overall economy, presenting a significant opportunity for investors. The International Energy Agency reported that in 2024, 20% of new cars sold were electric vehicles. They expect this number to grow to 40% by 2030, positioning EVs as a clear growth market. However, the path to this is not likely to be a straight one, especially as government attitudes toward EVs shift.

Take the passing of President Trump’s “One Big Beautiful Bill” for example. It means that the significant tax breaks that come from buying EVs in the United States will expire in September, which will weigh on adoption. Despite this, analysts expect the EV market to grow.

VinFast Auto (NASDAQ: VFS) and Lucid Group (NASDAQ: LCID) stand out as two electric vehicle stocks with high upside potential, positioned to benefit from shifting market dynamics and evolving U.S. policies.