Electric cars are still a niche item among automobile owners. However, many of the largest auto manufacturers have started to offer affordable options in this space. Meanwhile, autonomous vehicle development also promises to transform our relationship with automobiles.
Facts&Factors, another market research firm, recently projected that the global autonomous cars market would reach $64.8 billion by 2026. That would represent a CAGR of 22% over the forecast.
Some of the top holdings in this ETF include Lucid Group, a United States-based electric vehicle manufacturer. The second-largest weighting is Bloom Energy, which manufactures and markets solid oxide fuel cells that produce electricity on site. This is an ETF that boasts promising potential going forward.