The International Energy Agency expects a significant increase in electric vehicle sales compared to 2022, with an estimated 35% year-over-year growth, amounting to 14 million units sold by the end of 2023. This uptick is expected to be driven by new purchases, especially in the second half of the year. Electric cars are expected to make up 18% of total vehicle sales for the whole year, given the national policies and incentives supporting the electric vehicle industry.
Investing in EV ETFs is a convenient way to access the top EV, battery, and self-driving stocks like Albemarle Corporation (NYSE:ALB), Intel Corporation (NASDAQ:INTC), and Tesla, Inc. (NASDAQ:TSLA).
We chose ETFs that offer exposure to large-, mid- and small-cap EV stocks to create a well-rounded list of the popular funds. We have also discussed the top holdings of the ETFs to offer better insight to potential investors. These EV ETFs have amassed significant gains in the last 5 years.
This post appeared at Insider Monkey.