BlackRock has launched an electric vehicles and driving technology ETF that looks to tap into the growing emphasis on sustainable energy sources in transportation.
The iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.40%. The ETF tracks the STOXX Global Electric Vehicles & Driving Technology index, which comprises companies involved in manufacturing suppliers and component producers. According to BlackRock and Bloomberg New Energy Finance estimates, the number of electric vehicles sold each year is expected to rise to 60 million by 2040, up from the current level of 1.1 million. Liontrust's sustainability team on why they invested in 'controversial' ...
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