ASX Electric Vehicle (EV) Stocks to Buy in 2026

About Kapitales Research

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We are an Australian-based equities research team focusing on ASX-listed securities, with a wider interest in the Australian and US financial markets. Our primary aim is to provide general investment ideas that help our clients navigate an increasingly complex landscape. We believe in building effective, long-term relationships through trust and mutual benefit, and we use technology to make investment decisions easier for our customers. We want to empower every investor with well-researched investing opinions.

ASX-Listed EV Stocks

With demand for electric vehicles (EVs) rising, Kapitales aims to give clients exposure to ASX-listed companies across the EV value chain, from vehicle and component makers to explorers, developers and producers of the battery minerals used in electric vehicles. Our goal is to identify the best ASX EV stocks in this space and help investors make informed decisions.

Register to receive your free EV stocks report and get the latest ASX electric vehicle stock ideas, stories and news from the Kapitales Research team. We believe ASX shares linked to electric vehicles will keep attracting interest as governments increase their focus on the sector.

Electric Vehicles: The Future of the Automobile Sector

Electric vehicle charging - the future of the automobile sector

With growing awareness of global warming and climate change, countries around the world are looking to switch from combustion-engine vehicles to electric vehicles (EVs). As a result, demand for EVs continues to rise, and they are widely seen as a key part of the shift to cleaner transport.

Today, cars, buses, trucks and even tractor-trailers are increasingly powered by electricity. Electric vehicles fall into three main types:

1. Battery Electric Vehicles (BEVs)

Battery electric vehicles are fully electric, with rechargeable batteries and no petrol engine. They use an electric motor instead of an internal combustion engine, powered by a large traction battery pack that must be plugged into a wall outlet or charging equipment, known as electric vehicle supply equipment (EVSE).

Key minerals used in BEV batteries include graphite, cobalt, lithium, manganese and nickel.

Battery electric vehicle (BEV) and battery minerals - lithium, nickel, cobalt, graphite

2. Plug-in Hybrid Electric Vehicles (PHEVs)

Plug-in hybrid electric vehicles use a battery to power an electric motor and petrol or another fuel to power an internal combustion engine.

Plug-in hybrid electric vehicle (PHEV) diagram

3. Fuel Cell Electric Vehicles (FCEVs)

Fuel cell electric vehicles are powered by hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no tailpipe emissions, emitting only water vapour and warm air.

Platinum and ruthenium play a major role in fuel cells. Platinum acts as a catalyst, converting hydrogen and oxygen into electricity, heat and water.

Ruthenium oxidises carbon monoxide and removes it from the platinum surface. This prevents surface blockage, which would otherwise reduce the activity of platinum-based catalysts in fuel cells.