The global EV market is expected to grow significantly in the coming years.
According to a report by BloombergNEF, global EV sales are expected to reach 25 million by 2025, and 120 million by 2030.
This growth is being driven by a number of factors, including increasing government regulations, falling battery prices, and growing consumer demand.
There are a number of ETFs that offer investors exposure to the EV market. Some of the most popular EV ETFs include:
iShares Electric Vehicles and Driving Technology ETF (IDRV)
This ETF tracks the performance of the S&P Global Electric Vehicles and Driving Technology Index, which includes companies involved in the design, manufacture, and distribution of electric vehicles and related technologies.
Global X Autonomous & Electric Vehicles ETF (DRIV)
This ETF tracks the performance of the Solactive Autonomous & Electric Vehicles Index, which includes companies involved in autonomous driving software, EV manufacturing, and EV components.
First Trust NASDAQ Clean Edge Green Energy ETF (QCLN)
This ETF tracks the performance of the NASDAQ Clean Edge Green Energy Index, which includes companies involved in the development and commercialization of clean energy technologies, including electric vehicles.
VanEck Vectors Global Clean Energy ETF (VEGN):
This ETF tracks the performance of the MSCI ACWI Low Carbon Target Index, which includes companies that are actively reducing their carbon emissions.
These are just a few of the many EV ETFs that are available. When choosing an EV ETF, it's important to consider your investment goals and risk tolerance.