IDRV - BATT: Upgrading This Lithium And Battery Technology ETF

January, 29 2023 08:12 PM iShares Self-Driving EV and Tech

Summary

For the 1H of 2022, global EV sales grew +62% yoy. When full-year numbers are in, expectations are for global EV sales to be up 57% as compared to 2021.
That's over 10 million EVs (BEV and PHEVs combined), and that's a lot of batteries. EV sales are expected to be strong for many years to come.
Batteries and the critical materials required to make them - like lithium - are an obvious opportunity for investors. Battery backup for intermittent renewable energy is another source of demand.
Today, I'll take a look at the Amplify Lithium & Battery Technology ETF to see if it might be a choice addition to your well-diversified portfolio.

For further details see:

Company Name:	iShares Self-Driving EV and Tech
Stock Symbol:	IDRV
Market:	NYSE