Exchange-traded funds focused on electric vehicles have become increasingly popular as interest in the sector booms. These ETFs offer a diversified way to invest in the sector, providing exposure to companies such as Tesla, semiconductor company Nvidia, and global stocks such as Warren Buffett-backed Chinese automaker BYD. Given the sheer number of EV-related ETFs available, CNBC Pro has sought to narrow down the list by identifying ETFs that analysts expect to rise more than 30% in the coming year. Funds in the table above are up more than 18% on average this year, though this stellar performance comes after a decline of more than 38% in 2022. Electric Vehicle Charging Infrastructure ETF hanETF’s Electric Vehicle Charging Infrastructure ETF (ELEC) is expected to rise 60.8% in the coming year, according to the weighted average of analyst price targets of constituent stocks compiled by FactSet. The ETF, which tracks the Solactive Electric Vehicle Charging Infrastructure Index, is traded on the London Stock Exchange, Italy’s Borsa Italiana, and Germany’s Xetra and Gettex exchanges. ChargePoint, which operates the largest network of electric vehicle charging stations in North America and Europe, is the fund’s largest holding, according to FactSet as of Feb. 21. Analysts expect this stock to rise 47% in the coming year alone. 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% so far this year. Despite trading on the NYSE, the fund’s holdings are globally diversified. France’s Renault, for example, is the ETF’s largest holding with 4.9% of total assets. BlackRock’s iShares says the fund is focused on electric vehicles and self-driving car technology and aims for “long-term growth with access to companies that can shape the global economic future.” Other ETFs The Hong Kong-listed Global X China Electric Vehicle and Battery ETF, and the 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 associated with lithium battery production and earlier stages of the supply chain, such as miners and refiners. Meanwhile, the Fidelity Electric Vehicles and Future Transportation ETF charges 0.35% annually in fees, the cheapest of the 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 a lack of price target data on FactSet.
These electric vehicle ETFs are up 20% this year — and analysts still see a big upside
Amplify Lithium and Battery Technology ETF, business news, BYD Co Ltd, ChargePoint Holdings Inc, Electric Vehicle Charging Infrastructure UCITS ETF Accumulating, Fidelity Electric Vehicles and Future Transportation ETF, Global X China Electric Vehicle ETF, Global X ETF for autonomous and electric vehicles, Global X Lithium & Battery Tech ETF, iShares self-driving EV and Tech ETF, NVIDIA Corp, Renault SA, Tesla Inc