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home / news releases / DRIV - Green tidal wave seen for automobile industry after Ford and GM go all-in

DRIV - Green tidal wave seen for automobile industry after Ford and GM go all-in

Global X Autonomous & Electric Vehicles ETF
Wedbush Securities thinks the increased investment by Ford (F) in electric vehicle speaks to what the firm sees as the golden age of EVs on the horizon with a green tidal wave expected in the U.S. under a Biden Administration and China seeing skyrocketing consumer demand across the board."With the Biden Green Agenda on the horizon, we believe other automakers could follow GM and Ford's lead domestically with Tesla continuing to run away with market share in this EV arms race," notes analyst Dan Ives. Ives and team forecast electric vehicles could reach 5% of global auto sales by the end of 2021 and 10% by 2025. Select EV stocks: Workhorse (WKHS), Blink Charging (BLNK), Nikola (NKLA), Lordstown Motors (RIDE), Tesla (TSLA), Nio (NIO), Fisker (FSR), Canoo (GOEV), QuantumScape (QS), GreenPower Motor GP).ETFs Watch: (IDRV), (KARS), (EKAR), (DRIV), (BATT),Ford announced its tech deal with Google last week and General Motors showed off

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Green tidal wave seen for automobile industry after Ford and GM go all-in
Stock Information
Company Name: Global X Autonomous & Electric Vehicles ETF
Stock Symbol: DRIV
Market: NASDAQ
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