The Future Of Transportation Is Autonomous And Electric

DRIV seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (EVs), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt. DRIV is the 6th ETF in Global X's Thematic Tech suite of ETFs.

While still early in their development and adoption, autonomous and electric vehicles are rapidly advancing and appear poised to trigger the transportation industry's largest shakeup in over a century. In this piece, we explore these two closely related themes, by answering the following questions:

• What is the current state of electric vehicles and autonomous vehicles?
• What does a world of autonomous and electric vehicles look like?
• Which companies could stand to benefit from the materialization of this theme?

What is the current state of electric vehicles?

Electric vehicles trade in the traditional internal combustion engine (ICE) in favor of a hybrid, or fully electric motors, often powered by on-board batteries or hydrogen fuel cells. EVs have various advantages over ICE vehicles (ICEVs), including cheaper fuel, lower maintenance costs, and less air pollution.