Though many of these companies have been on the market in one shape or form for years, most have traded as penny stocks. The EV stocks detailed below are all volatile like penny stocks. Let's say you decided that after the March sell-off this year to invest some money into electric vehicle penny stocks. While AYRO is still one of the lower-priced EV stocks, shares have been equally explosive. It was one of the electric vehicle penny stocks originally brought to life by a Trump Tweet last summer.