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IDRV - Could Electric Vehicles Help Drive Your Portfolio In 2021?
iShares Self-Driving EV and Tech
Even with total US auto sales declining in 2020, several electric vehicle companies reported record high deliveries last year.
The long-term outlook for EVs shows significant growth for the sector over the next two decades, driven by supportive government policy and acceleration of investment in the space, among other things.
Given the long-term importance of EVs to the energy transition, EV manufacturers are a critical component of an alternative energy allocation.