First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF

CARZ

Market cap $48.7M

China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of vehicles, building factories and widening supply chains. Despite tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, there's a growing possibility that Chinese electric vehicles will be sold in the U.S. in the next few years.

Sales of hybrid vehicles rose 33% in May versus last year, as buyers seek better fuel economy.

Major automakers backed the Environmental ​Protection Agency proposal to ‌delay enforcement of a regulation requiring significant ​cuts in air ​pollution from vehicles for ⁠two years but want ​the agency to ​move quickly to rewrite the rules.

India's top carmakers reported higher sales ​in May, with market leader Maruti Suzuki saying bookings ‌for its compressed natural gas vehicles jumped 40% after fuel prices rose due to the energy shock from the Iran war.

Spiking fuel prices across the U.S. have put the spotlight back on EVs.

Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with ​Reuters shows, providing a much-needed boost to the auto industry.

Canada is allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%. That's opening the market for auto dealers in the country to sell Chinese EVs.

US demand for automobiles and auto parts has been straining under higher inflationary costs. Even before the war-driven spike in gasoline prices, the US automotive industry was steeling for a tough year.

Two members of the U.S. House of ​Representatives on Monday will introduce ‌legislation to toughen a U.S. government ban on Chinese ​automakers from entering ​the American market just before ⁠President Donald Trump heads to China ​for talks.

As President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the U.S. auto industry and lawmakers on both sides of the aisle are hammering him with ​a simple message: Please don't offer China any access to the U.S. car market.