ETF Bonus: Auto tech to propel gains

Article Excerpt

ETFs focused on self-driving and electric-vehicle technologies seek to expose investors to a global transportation industry primed for sweeping change. Leading automakers plan to accelerate the production of self-driving electric cars over the next few years. By 2035, 25% of all new cars produced globally are expected to have autonomous-driving features. Investors should continue to benefit as the cost of buying an electric vehicle steadily drops. Meanwhile, improvements in battery technology have already begun to extend the driving range of those cars. That also bolsters consumer demand. In addition, global economies will realize the benefits of reduced pollution as the number of zero-emission vehicles rises. Norway, France, India and China now lead in the move to limit the use of gasoline-powered vehicles. With other nations following their lead, electric vehicles are primed to cut global oil consumption by 2 million barrels per day starting in 2030. 2030…