The 5 Best EV ETFs To Invest in Electric Vehicles

Electric vehicles (EV’s) are here to stay and are surging in popularity, so EV ETFs are also emerging to fill that thematic fund demand. Here we’ll explore the best electric vehicles ETFs to capture this narrow group of stocks.

// TIMESTAMPS:

00:00 - Intro
00:19 - Why Electric Vehicles ETFs?
02:34 - DRIV
03:33 - IDRV
04:18 - HAIL
04:55 - KARS
05:43 - LIT
06:38 - Outro

// SUMMARY:

With electric car sales skyrocketing, electric vehicles stocks have been outpacing the broader stock market. Tax incentives for EV owners, stricter emissions standards, government subsidies, charging station rollouts, more efficient battery technology, and a shift away from reliance on fossil fuels will accelerate this adoption of more environmentally sustainable transport.

Analysts doubted Tesla – and the EV market in general – initially, but the company has seen astronomical growth, both in its vehicle sales and its share price. Newcomer Rivian is seeing similar growth out the gate. ARK Invest expects EV sales to reach 37 million by 2024, as battery power becomes cheaper and more efficient, making electric cars more accessible. They state: “According to Wright’s Law, for every cumulative doubling of units produced, battery cell costs will fall by 18%…These cost declines are critical to reaching price parity with gas-powered vehicles, as the largest cost component of an EV is its battery.”

Bloomberg also assembled some impressive EV outlook stats here. Here are a few nuggets:

“EVs hit 10% of global passenger vehicle sales, rising to 28% in 2030 and 58% in 2040.”
“Price parity between EVs and internal combustion vehicles is reached by the mid-2020s in most segments.”
“Nearly 60% of U.S. households have two or more cars – and many have the ability to install home charging – making them ideal adopters as EV economics, range and recharging options continue to improve.”

Electric car ETFs eliminate the need for investors to try to analyze and pick winners out of the myriad of choices of EV stocks. Some are small startups. Others are blue chip automakers committed to electrifying their product offering. Thematic EV ETFs provide broad exposure to the segment to capture the success of any of the rising stars, such as Tesla, as well as the technology going into these vehicles. Below we’ll explore the best electric car ETFs.

Below are the 5 best electric vehicles ETFs to access the market. Most also incidentally provide exposure to autonomous vehicles (AVs).

DRIV
IDRV
HAIL
KARS
LIT

Read the blog post here: https://www.optimizedportfolio.com/ev...

#investing #ev #etfs

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