Last week, President Biden signed an executive order calling on electric, fuel-cell and plug-in hybrids sales to account for 50% of all car and light truck sales by 2030. Transport accounts for about 29% of greenhouse-gas emissions in the US and therefore EVs are a key part of Biden’s climate agenda.
EVs currently account for only about 3% of sales, per WSJ, and auto makers say they would need billions of dollars in funding for a network of EV charging stations and tax incentives to consumers, among other measures, in order to meet the sales target.
The current $1 trillion bipartisan infrastructure bill has $7.5 billion in EV charging infrastructure funding. Major auto makers are already making big investments in developing EVs and batteries.
Even though EV sales are a very small part of the overall market, they have been increasing at a much faster pace. Sales of plug-in vehicles more than doubled in the first half of 2021 compared with last year, per WSJ. Many analysts expect this trend to continue as battery costs continue to rapidly decline.
Please watch the short video above to learn about Global X Autonomous & Electric Vehicles ETF (DRIV), iShares Self-Driving EV and Tech ETF (IDRV - Free Report) and KraneShares Electric Vehicles & Future Mobility Index ETF (KARS - Free Report) .
Tesla, (TSLA - Free Report) , NVIDIA (NVDA), Google-Alphabet (GOOG), Apple (AAPL - Free Report) and AMD (AMD - Free Report) are among the top holdings in these ETFs.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Last week, President Biden signed an executive order calling on electric, fuel-cell and plug-in hybrids sales to account for 50% of all car and light truck sales by 2030. Transport accounts for about 29% of greenhouse-gas emissions in the US and therefore EVs are a key part of Biden’s climate agenda.
EVs currently account for only about 3% of sales, per WSJ, and auto makers say they would need billions of dollars in funding for a network of EV charging stations and tax incentives to consumers, among other measures, in order to meet the sales target.
The current $1 trillion bipartisan infrastructure bill has $7.5 billion in EV charging infrastructure funding. Major auto makers are already making big investments in developing EVs and batteries.
Even though EV sales are a very small part of the overall market, they have been increasing at a much faster pace. Sales of plug-in vehicles more than doubled in the first half of 2021 compared with last year, per WSJ. Many analysts expect this trend to continue as battery costs continue to rapidly decline.
Please watch the short video above to learn about Global X Autonomous & Electric Vehicles ETF (DRIV), iShares Self-Driving EV and Tech ETF (IDRV - Free Report) and KraneShares Electric Vehicles & Future Mobility Index ETF (KARS - Free Report) .
Tesla, (TSLA - Free Report) , NVIDIA (NVDA), Google-Alphabet (GOOG), Apple (AAPL - Free Report) and AMD (AMD - Free Report) are among the top holdings in these ETFs.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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