The EV market has massive growth potential. Electric vehicle ETFs are a great way to invest in some of the companies connected to the electric vehicle market. Companies like Rivian, Tesla, NIO, Apple & so many more that are in the EV space currently. These ETFs on the list are DRIV, IDRV & FDRV. These top EV ETFs are ones that can see huge growth due to the increased demands of electric vehicles.
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The electric vehicle market is predicted to see massive growth in the next decade. By 2030, it is estimated that 48% of ALL NEW CARS sold worldwide will be EV. To put that growth possibility into perspective, in 2020, just under 5% of all new cars were EV & it is forecasted for 2021 that 7% of all new cars will be electric vehicles. If the estimates are true, that is a ton of growth opportunity for this market. That is where these ETFs could see some insane growth over the next decade.
Let’s look at these 3 ETFs & WHICH ONE DID I BUY?
DRIV: Global X Autonomous & Electric Vehicle ETF
This ETF tracks the Solactive autonomous & electric vehicle index and has 76 total holdings. The top companies include stocks like Tesla, Nvidia & Google Class A. With a heavy focus in motor-vehicles & semi-conductors, DRIV has an expense ratio of 0.68%.
IDRV: iShares Self-Driving Electric Vehicles & Tech ETF
This ETF tracks the NYSE Factset global autonomous driving & electric vehicle index with 99 total holdings. The top companies include stocks like AMD, Tesla & Nvidia. With a heavy focus in the US market, there is a 10.3% exposure in the German market. IDRV has a cheaper expense ratio of 0.47%.
FDRV: Fidelity Electric Vehicle & Future Transportation ETF
The new kid on the block. This ETF has an inception date of October 2021, so REALLLY new. The top companies include stocks like Tesla, Nvidia, Uber & NIO with 56 total holdings. This ETF has the most exposure in semi-conductors, auto components & automobile makers. The cheapest expense ratio on this list at 0.39%.
Watch the video to see which EV ETF I am investing into 🙂
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Time Stamps
00:00 Intro
0:59 EV Market Growth Estimates
2:24 ETF Breakdown & My Pick
9:56 Make Sure to LIKE & COMMENT!
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