APTV - Electric vehicle stocks and DRIV ETF in the spotlight under Biden Administration

On the first full day of the Biden Administration the Global X Autonomous & Electric Vehicles ETF (DRIV) is being highlighted as a potential catch-all bet that the electric vehicle sector will benefit from an increased level of support from DC. The top five holding in the fund are on the obvious side (Tesla, Qualcomm, Nio, Nvidia and Alphabet) - but further down the list are names like Livent (LTHM), Honeywell (HON), Aptiv (APTV), Albermarle (ALB) and NXP Semiconductors (NXPI) that may not trade with the same premiums. Google search interest on electric vehicle stocks is in a definite uptrend. Yesterday, IHS Markit posted on Seeking Alpha its detailed forecast for electric vehicle sales this year.

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Electric vehicle stocks and DRIV ETF in the spotlight under Biden Administration