Published on Apr 07, 2025 5 min read

Top 7 Best Electric Vehicle ETFs to Invest in Today

Investing in electric vehicle (EV) ETFs is a great way to support the future of clean and sustainable transportation while growing your wealth. These ETFs focus on companies that produce EVs, batteries, or related technology. With the EV market rapidly growing, choosing the right ETFs can help investors tap into this booming industry. Here, we've listed the top seven EV ETFs that can make a great addition to your investment portfolio.

Global X Autonomous & Electric Vehicles ETF (DRIV)

DRIV started operations in April 2018 and currently stands as one of the top EV ETFs while managing assets worth more than $800 million. The DRIV ETF monitors the market performance of businesses which produce autonomous and electric vehicles as well as battery manufacturers along with associated technological companies. The fund possesses 76 stocks in its investment portfolio and Tesla, NIO, and Alphabet Inc. comprise more than 20% of its total assets.

DRIV provides investors access to a diverse group of established and emerging firms within the expanding EV market through its worldwide exposure. Since its launch the ETF produced impressive performance which includes more than 100% one-year returns together with an expense ratio of 0.68%.

2. iShares Self-Driving EV and Tech ETF (IDRV)

Launched in June 2020, IDRV is one of the newer additions to the EV ETF space, focusing on companies involved in autonomous driving technology and electric vehicles. The fund holds around 87 stocks with top holdings including Tesla, NVIDIA Corporation, and Toyota Motor Corporation. As the demand for self-driving technology continues to rise, IDRV offers investors exposure to this rapidly growing market.

The company IDRV operates globally through extensive international business that accounts for over 50% of its investment portfolio alongside its focus on EVs and autonomous vehicles. The portfolio provides excellent risk management benefits due to its wide-ranging exposure. IDRV stands out as an attractive EV investment choice due to its expense ratio of 0.47% and exceeding 60% return over one year.

3. KraneShares Electric Vehicles & Future Mobility ETF (KARS)

Focused on companies that are involved in the production and development of electric vehicles, batteries, and other related technologies, KARS offers investors exposure to both established players like Tesla and new emerging companies in the EV industry. The fund holds around 58 stocks with its top holdings including Tesla, NIO, and BYD Company Ltd.

One unique aspect of KARS is its focus on the entire EV value chain, from raw materials to final production. This gives investors a comprehensive view of the EV industry and its potential for growth. With an expense ratio of 0.70% and a 1-year return of over 100%, KARS can be an attractive option for investors looking to capitalize on the growing EV market.

4. First Trust NASDAQ Clean Edge Green Energy ETF (QCLN)

While not solely focused on electric vehicles, QCLN offers exposure to companies that are involved in various aspects of clean energy, including electric vehicles and related technologies. The fund holds around 41 stocks with top holdings including Tesla, NIO, and Enphase Energy Inc. With a global reach and diverse holdings, QCLN provides investors with a well-rounded view of the clean energy industry.

One unique aspect of QCLN is its focus on innovation and disruption within the clean energy space. This includes companies that are developing new technologies and solutions for cleaner and more sustainable transportation. With an expense ratio of 0.60% and a 1-year return of over 120%, QCLN presents a compelling opportunity for investors looking to invest in the future of clean energy.

5. VanEck Vectors Low Carbon Energy ETF (SMOG)

Similar to QCLN, SMOG offers exposure to companies involved in various aspects of clean energy, including electric vehicles. However, SMOG has a more global focus with its top holdings including companies from Europe, China, and the US. The fund holds around 31 stocks with top holdings including Tesla, ABB Ltd., and Schneider Electric SE.

In addition to its diverse holdings within the clean energy space, SMOG also focuses on companies that are actively reducing their carbon footprint and promoting sustainability. With an expense ratio of 0.63% and a 1-year return of over 80%, SMOG is a great option for investors looking to support environmentally friendly investments while growing their wealth.

6. Global X Lithium & Battery Tech ETF (LIT)

As the name suggests, LIT focuses on companies involved in the production and development of lithium-based batteries, a crucial component for electric vehicles. The fund holds around 45 stocks with top holdings including Albemarle Corporation, Livent Corporation, and Tesla.

With the increasing demand for electric vehicles, the demand for lithium-based batteries is also expected to rise significantly. This makes LIT a great way to gain exposure to this growing market while also diversifying your investment portfolio. With an expense ratio of 0.75% and a 1-year return of over 125%, LIT offers investors strong potential for growth in the EV space.

Invesco WilderHill Clean Energy ETF (PBW)

Focused on companies involved in renewable energy and technologies, PBW offers exposure to various clean energy industries, including electric vehicles. The fund holds around 40 stocks with top holdings including Tesla, SolarEdge Technologies Inc., and Cree Inc.

One unique aspect of PBW is its focus on companies that are actively promoting cleaner and more sustainable solutions for the environment. This can include companies that specialize in production, storage, or distribution of clean energy sources like solar or wind power. With an expense ratio of 0.70% and a 1-year return of over 150%, PBW presents an attractive option for investors looking to support environmentally conscious investments while also seeking potential growth opportunities.

Final Thoughts

With the growing demand for electric vehicles and clean energy solutions, investing in EV ETFs can provide a great opportunity for both growth and diversification in your investment portfolio. These seven ETFs offer different focuses and approaches to the EV industry, allowing investors to choose the best fit for their investment goals and values. As always, it's important to do your own research and consult with a financial advisor before making any investment decisions.