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Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
Global demand for electric vehicles rose for a second straight month in April as high petrol prices kept steering buyers away from combustion-engine cars, data from consultancy Benchmark Mineral Intelligence showed on Wednesday.
Global electric vehicle (EV) sales continue to rise, especially in certain parts of the globe. This could support the investment case for an exchange traded fund (ETF) that can capture future upside such as the Fidelity Electric Vehicles and Future Transportation ETF (FDRV).
Look at ETFs that can be affected as President Trump announces 25% tariffs on auto imports to the United States.
The electric vehicle market appears to be gaining momentum. Outside of the leader in the market, Tesla NASDAQ: TSLA, EV firms are posting new records in sales.
As an ex-future mobility research analyst, I spent a lot of time looking at financial statements and there was very little to see. New entrants in the space had no revenues (and if they had revenues then they had no profitability) and there was very little proof that they would hit their targets.
Advisors and investors don't lack options when it comes to thematic investing strategies. The thematic index ETF suite from Fidelity can offer exposure to many of the long-term disruptors looking ahead and may be worth consideration.
Capitalize on the optimistic Q4 earnings of the automobile companies with these ETFs.