5 Electric Vehicle ETFs Getting a Big Biden Boost

With Biden becoming President, electric vehicle ETFs make a lot of sense…

This story was originally published here.

With stocks such as Nio (NYSE:NIO) and Tesla (NASDAQ:TSLA) in the midst of seemingly undaunted ascents, electric vehicle ETFs are among the examples of thematic exchange traded funds stepping into the spotlight.

For many investors, particularly those priced out of Tesla or those new to this space, electric vehicle ETFs make a lot of sense. The funds remove the need for investors to identify the best individual names, over diversity and many lack significant exposure to some of the more challenged EV stocks.

Additionally, these thematic ETFs make for ideal plays on the Biden Administration’s renewable energy priorities, including the president-elect’s goal of building 550,000 EV charging stations over the next decade, which would reduce concerns about time in between charges, likely boosting EV demand in the process.

The new president probably won’t be able to put an EV in every driveway, at least not anytime soon, but this administration and Congress are viewed as hospitable to the auto industries electric evolution and that could benefit the following electric vehicle ETFs… Story continues here.

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