What’s Driving the Electric Vehicle Market & How to Invest

What’s Driving the Electric Vehicle Market & How to Invest

The future is electric. 2020 marked an inflection point for consumer and supplier adoption of electric vehicles (EVs)

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

The future is electric. 2020 marked an inflection point for consumer and supplier adoption of electric vehicles (EVs). The momentum intensified in 2021 as EV sales registered triple-digit growth driven by government support, slick designs, cost reduction, and innovation. According to the International Renewable Energy Agency (IRENA), more than $130 trillion in investments is needed over the next 30 years to achieve a clean energy transition with electrification and energy efficiency/storage at its core. We believe the entire EV ecosystem represents a multidecade secular growth opportunity.

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