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Will the Lordstown Motors Debacle Affect Electric Vehicle ETFs? June 14, 2021 In the latest bout of trouble for Lordstown Motors, the electric car company that operates out of a former GM plant, the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have stepped down from their posts. Lordstown is actively seeking permanent replacements. The resignations arrive amid an ongoing internal investigation of the company’s operations into claims by short-seller Hindenburg Research that it deceived investors. The Securities and Exchange Commission has plans to examine Hindenburg’...

As Electric Vehicles Proliferate, Harness the Potential with ‘KARS’ June 9, 2021 The International Energy Agency (IEA) recently reported that nearly 3 million new electric cars were registered in 2020–a record high. That number was up 41% compared to 2019, according to the IEA website. It should be noted that this growth happened at a time when driving had actually fallen, as lockdowns forced individuals to stay home. The global automotive industry struggled. When looking to the future, the IEA anticipates that the number of electric vehicles on the road will increase to 145 million b...

KARS follows the Solactive Electric Vehicles and Future Mobility Index, which is “designed to track the performance of companies engaged in the production of electric vehicles and/or their components, or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses,” according to KraneShares. KARS offers global exposure. Chinese electri...

February 18, 2021 at 12:12 PM EST Gas guzzlers are on their way out. Electric vehicles and EV-adjacent technology are the future. For investors, where should you put your money in this industry? And, more importantly, where shouldn’t you… Lead image via ADAC Foundation / Fotolia Climate change is real. The Pentagon is already preparing for mass unrest, social upheaval, and widespread strikes due to unchecked climate change. Vehicle exhaust contributes to about one-fifth of all greenhouse gas emissions in the US. Switching to electric vehicles — or EVs — won’t solve th...

Tesla (NASDAQ: TSLA) in the midst of seemingly undaunted ascents, electric vehicle ETFs are among the examples of thematic exchange traded funds stepping into the spotlight. For many investors, particularly those priced out of Tesla or those new to this space, electric vehicle ETFs make a lot of sense. The funds remove the need for investors to identify the best individual names, over diversity and many lack significant exposure to some of the more challenged EV stocks. Additionally, these thematic ETFs make for ideal plays on the Biden Administration’s renewable energy priorities, includin...