Today there are 1.1million electric vehicles sold every year, by 2040 this figure is expected to rise to 60 million[[Source: BlackRock and Bloomberg New Energy Finance estimates, July 2018]]. Transport accounts for around a quarter of CO2 emissions globally and increasingly stringent regulations are being utilised in the global fight against climate change[[Source: International Energy Agency 2018.]]. This presents an opportunity for investors to access companies across the electric vehicle value chain as their popularity grows.<\/p>\n
The iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) seeks to provide exposure to this opportunity, complementing BlackRock\u2019s existing 16 thematic products, and 27-strong range of ESG ETFs aimed at providing investors with choice for building future-proof portfolios and align with their individual long-term goals.<\/p>\n
ECAR tracks the STOXX\u00ae Global Electric Vehicles & Driving Technology Index comprising of companies involved in manufacturing, battery suppliers and component producers and has a Total Expense Ratio (TER) of 0.40%.<\/p><\/blockquote>\n
Rob Powell, Lead Strategist, iShares Thematic Investing at BlackRock, comments: \u201cWe are on the cusp of another huge leap in the way we get from A to B, as the irreversible trend towards electric vehicles unfolds. And beyond the vehicle manufacturers, producers of battery technology, autonomous vehicle components and charging infrastructure will all benefit from this revolution in transportation.<\/p>\n
\u201cThematic investments, such as ECAR, can help investors seek long-term growth while expressing a view on the innovative companies that will shape the global economic future.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
BlackRock has launched an exchange traded fund (ETF) that taps into the growing global emphasis on sustainable energy sources in transportation, at a time when investors are looking to build portfolios that better reflect their personal views regarding Environmental, Social and Governance (ESG) factors. <\/p>\n","protected":false},"author":20,"featured_media":77832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1663,1809,1655,1718,1657,1651,1711,1437,1691,1776,2234,1720,1952],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/77834"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=77834"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/77834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/77832"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=77834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=77834"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=77834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}