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As President Obama continues to place importance on energy efficiency and reducing carbon emissions, the demand for electric vehicles is expected to peak paving the way for the prosperity of the First Trust NASDAQ Smart Grid Infrastructure ETF GRID, the sector utilities Select SPDR NYSEArca XLU and Global X Lithium ETF NYSEArca LIT.
The forecasts of the National Road Safety Commission that nearly 20 of all automobiles in the United States will be running on a kind of hybrid mechanism by 2015. In addition, Aaron Levitt of Investopedia states that the US have committed 2 billion cost recovery Act for advanced battery production and nearly 25 billion dollars for programs to promote car manufacturers to reorganize their production lines for the production of more fuel-efficient vehicles.
As a result, many car manufacturers are starting to make changes to their queues and offer these hybrid vehicles The most recent change came from General Motors announced the upcoming release of the Chevrolet Volt, which is an electric vehicle that runs on a battery and the electricity generated from a more gas generator, the German automaker Volkswagen plans to release electric next year or two.
This phenomenon of electric vehicles has been somewhat successful with consumers, illustrated by the performance of Tesla Motors TSLA NASDAQ, which has had an insatiable demand for its Tesla Roadster Therefore, Tesla plans to begin producing a family five seater sedan next year to adjust to expand its range.
At the end of the day, as governments continue to push for cleaner energy and carbon emissions, electric vehicles are expected to gain popularity give support to ETFs mentioned above.
First Trust Smart Grid Infrastructure ETF GRID is bound to reap the benefits of infrastructure improvements and developments that will be needed to support an electric cat movement, such as new transmission lines, power stations and charging stations.
The Utilities Select Sector SPDR XLU, probably reap the benefits of increased electricity consumption.
Global X Lithium ETF IPL, which will benefit no doubt the benefits of increased demand for lithium-ion batteries, which are essential in electric and hybrid vehicles.
Three ETFs to play electric vehicles growth Seeking Alpha, ETFs, electric vehicles, electric vehicles should.