5 Best EV, Battery and Autonomous Driving ETFs

In this article, we discuss 5 best EV ETFs to invest in. If you want to read our detailed discussion on the EV market, head over to 10 Best EV, Battery and Autonomous Driving ETFs. 

5. Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)

5-Year Performance as of August 4: 82.53%

Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) aims to track the price and yield performance of the Solactive Autonomous & Electric Vehicles Index. The ETF invests in companies engaged in autonomous vehicle technology, electric vehicles, EV components like lithium batteries, and essential EV materials such as lithium and cobalt. Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) was established on April 13, 2018. On August 4, 2023, the net assets of the ETF came in at $872.81 million, along with an expense ratio of 0.68%. Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is one of the best EV ETFs to buy. 

Intel Corporation (NASDAQ:INTC) is a prominent holding of Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV). Intel Corporation (NASDAQ:INTC) is a multinational company that is involved in the design, development, manufacturing, marketing, and distribution of computer-related products. On August 3, Intel Corporation (NASDAQ:INTC) declared a $0.125 per share quarterly dividend, in line with previous. The dividend is payable on September 1, to shareholders of record as of August 7. 

According to Insider Monkey’s first quarter database, Intel Corporation (NASDAQ:INTC) was part of 68 hedge fund portfolios, compared to 62 in the prior quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company, with 17.20 million shares worth approximately $562 million. 

ClearBridge Large Cap Growth Strategy made the following comment about Intel Corporation (NASDAQ:INTC) in its Q4 2022 investor letter:

“A third approach to return generation is purchasing idiosyncratic businesses that largely control their own destiny. Intel Corporation (NASDAQ:INTC), which we purchased in the first quarter on the premise that it would develop a leading domestic foundry business, has struggled with execution missteps and product delays. We are maintaining the position to provide ongoing exposure to semiconductors.”