Exchange-traded funds focused on electric vehicles are growing in popularity as interest in the industry booms. These ETFs offer a diversified way to invest in the industry by providing exposure to companies like Tesla, semiconductor company Nvidia, and global stocks like Warren Buffett-backed Chinese automaker BYD. Given the large number of EV-related ETFs available, CNBC Pro attempted to narrow the list and identify ETFs that analysts expect will rise more than 30% over the next year. The funds in the table above are up over 18% on average this year, though this stellar performance comes after a more than 38% decline in 2022. Electric Vehicle Charging Infrastructure ETF The hanETF Electric Vehicle Charging Infrastructure (ELEC) ETF is expected to rise 60.8% over the next year, according to the weighted average of analysts’ price targets for each stock, compiled by FactSet. The ETF, which tracks the Solactive Electric Vehicle Charging Infrastructure Index, is traded on the London Stock Exchange, the Italian Borsa Italiana and the German exchanges Xetra and Gettex. ChargePoint, which operates the largest network of electric vehicle charging stations in North America and Europe, is the fund’s largest holding as of Feb. 21, according to FactSet. Analysts expect this stock alone to surge 47% over the next year. iShares Self-driving EV & Tech ETF Analysts expect the iShares Self-driving EV & Tech ETF (IDRV) to rise 33.9% over the next 12 months. It’s already up 20% this year. Despite trading on the NYSE, the fund’s holdings are globally diversified. For example, French Renault is the ETF’s largest holding at 4.9% of total assets. According to BlackRock’s iShares, the fund is focused on electric vehicles and self-driving car technology and seeks “long-term growth with access to companies that can shape the global economic future.” Other ETFs Hong Kong-listed Global X China Electric Vehicle and Battery ETF, US-listed Amplify Lithium & Battery Technology ETF and Global X Lithium & Battery Tech ETF not only invest in electric vehicle manufacturers, but also focus on companies that are Batteries and earlier stages of the supply chain, such as miners and refiners, are involved in the production of lithium. Meanwhile, the Fidelity Electric Vehicles and Future Transportation ETF charges 0.35% in fees annually, the cheapest among funds analyzed by CNBC Pro. The ETF’s largest holding is Tesla, with 4.5% of total assets. The Global X Autonomous & Electric Vehicles ETF was not included in the analysis due to the lack of price target data on FactSet.
