General Motors Co. (GM) General Motors CEO Mary Barra said in 2021 that the company would invest $35 billion in EV development by 2025 and offer exclusively EVs by 2035, although the company has since said customer demand will dictate its future EV plans. GM sold 112,897 EVs in the U.S. in 2024, making it the No. 2 U.S. EV maker by units sold. GM currently has 13 EV models on the market. Analyst Federico Merendi says GM is the leading U.S. automaker, and it has a highly profitable product portfolio. Bank of America has a “buy” rating and $62 price target for GM stock, which closed at $52.77 on Aug. 4. Ford Motor Co. (F) Legacy automaker Ford previously announced plans to spend $50 billion on EV models and produce 2 million EVs annually by 2026. In October 2023, however, Ford postponed $12 billion in EV investments due to softening demand. Still, the Ford Mustang Mach-E was the best-selling non-Tesla EV model in 2024, at 51,745 units. The Ford F-150 Lightning was also the best-selling EV pickup other than Tesla’s Cybertruck, with 33,510 units sold. Merendi says Ford’s profitable internal combustion business will fund its ongoing EV technology investments. Bank of America has a “buy” rating and $14 price target for F stock, which closed at $10.95 on Aug. 4. Blue Bird Corp. (BLBD) Blue Bird is a leading designer and manufacturer of school buses. Incredibly, the company brought its first electric school bus to market back in 1994. Analyst Sherif El-Sabbahy says Blue Bird has restructured its business to prioritize profitability, and the company is positioned to reap the rewards of elevated replacement demand in the coming years. El-Sabbahy says Blue Bird primarily produces and sources from the U.S., but uncertainty surrounding tariffs could weigh on investor sentiment. Fortunately, Blue Bird has recently increased its share buybacks. Bank of America has a “buy” rating and $52 price target for BLBD stock, which closed at $44.13 on Aug. 4.