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Is there an ETF for electric cars?
A few of my buddies and I have been looking at investing recently, and even though most of us can’t buy an electric car yet, I was wondering if there’s an ETF for electric cars or for the industry. It seems like a good investment to get in early on.
Marlee John · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, electric cars are a great investment, especially as the industry continues to grow, ETFs are a great idea!
The EV industry is huge—and it’s growing quickly. From mining battery materials to software developers, there is a lot of ground to cover. If you don’t want to
invest
directly with any specific company, ETFs (Exchange Traded Funds) are a great way to maintain a broad portfolio. We’ve compiled a short list of possible ETFs to consider. Global X Autonomous & Electric Vehicles ETF
(NASDAQ:DRIV) This ETF focuses on companies that are involved in the development of EVs and EV materials (battery metals) and components (lithium batteries) as well as autonomous technologies. At $22.64 per share, this covers a wide range of the EV industry. Lithium & Battery Tech ETF
(NYSEMKT:LIT) This ETF focuses on lithium from the early mining stages to the battery production stage. Buying into the $72.01 share is a complete investment in lithium production and battery technologies. KraneShares Electric Vehicles & Future Mobility ETF
(NYSEMKT:KARS) This ETF, at $35.91 per share, has a narrower focus, putting its attention on companies with direct involvement in the production of both EVs and their components (ie; lithium batteries). This is a short list, but hopefully, it gives you a glimpse of the possibilities. Happy investing!
Investing in the future of the EV industry is great. If you drive, it’s also a wise idea to invest in good car insurance.
Jerry
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