It’s About to Get “LIT”: Best ETF

The stocks and ETFs poised to capitalize on the mandated electrical vehicle transition on the horizon!

New and emerging companies are focusing on the environment and technology, such as the electrical vehicle industry. Back in August 2021, President Biden signed an Executive Order that sets an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. The Executive Order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis.

As a retail investor investor you’re probably wondering how you can get into investing in this industry. The best way is to do your own research on emerging Electrical Vehicle (“EV”) companies and see if they fit your portfolio’s strategy. Here is one stock and one ETF that have been sparking investor interest:

            – EVgo (symbol: EVGO). EVgo Inc. operates electrical vehicle charging stations for both on the go and in-home charging solutions. In the past 30 days the company has seen its stock price gain 107% – at the time of this article. With the US setting its sights on zero-emission vehicles, investing in a company like EVgo may not be a bad idea. Its actual EPS is set to be available tomorrow 11/20/2021 pre-market.

            – Global X Lithium & Batter Tech ETF (symbol: LIT). LIT tracks a market-cap-weighted index of global lithium miners and battery producers. It is believed that the growth trajectory for EVs will ultimately be determined not by downstream OEMs, but by the upstream lithium miners and battery producers who extract the raw materials and manufacture the batteries for EVs. LIT has seen a gain of 84% over the past year at the time of this article, increasing from a share price point of rough $51 a year ago to $95 presently.

Remember to do your own research and analysis to see if a stock or ETF fits your investment strategy.