Do you jump for your phone when the latest news is all about Tesla Inc. (TSLA) or Nikola Corp. (NKLA)? You might have EV stocks fever, and you’re not the only one. Stakeholders keep investing billions into electric vehicle stocks and this rosy market.

Sales of electric cars topped 2.1 million globally in 2019, according to the 2020 Global EV Outlook by the International Energy Agency (IEA).

Electric vehicles play a critical role in reducing local air pollution addressing climate change. According to specific projections by the Global EV Outlook, global electric vehicle stock (excluding two/three-wheelers) may grow by 36% annually, reaching 245 million vehicles by 2030.

With these projections in mind, it's natural to wonder about electric car stocks, EV battery stocks, and the best EV stocks to buy.

How do you know the right stocks to invest in?

Well, let's start with some quick facts.

Quick fact 1: 2021 has been a rocky year for EV stocks.

Despite the promise of a great future for electric vehicles, EV stocks have faltered a bit this year. For example, Tesla hasn't seen impressive gains compared to 2020. Last year, Tesla saw its shares skyrocket by 743%. This year, it has only seen around a 20% gain in the markets.

Quick fact 2: You might miss out if you don't look beyond Tesla.

Guess what? Tesla brought electric vehicles to the mainstream and did a splendid marketing job. Watch the other entrants to the market as well. For example, you can't discount Velodyne Lidar, Hyliion, Lordstown Motors Corp, Fisker Inc. and Canoo. There's more than one big name in town.

Quick fact 3: Range isn't a drag anymore.

What's range? It's the furthest an electric vehicle can go without having to get charged. Most EVs today have a range of up to 200 miles, and Tesla offers over 300 miles. You can also find more EV chargers more readily all over the place. Have these companies eradicated range concerns? Possibly!

Quick fact 4: Look for undervalued stocks.

Which stocks are undervalued? Consider their underlying assets, company makeup, and potential against competitors. Chip shortages affect everyone, but what about the other details? Spotting potential against market drops across the board can boost your chances of finding a golden nugget.

Quick fact 5: You shouldn't lose sight of traditional automakers.

Don't relegate "regular" automakers to a list from the past. Do you know which other "traditional" automakers also make electric vehicles? You got it — Ford, Nissan, BMW, Volkswagen, Subaru, and Toyota. Large automakers also invest in smaller companies, so keep in mind that there's a larger market share than meets the eye. For example, General Motors owns a portion of Lordstown Motors.

Are you ready to invest in a very electric future? Read on to learn more about the best electric vehicle stock picks below. We'll supply you with the most up-to-date information, research, expert analysis, and stock price forecasts so you know exactly what to invest in and when.