Global X Autonomous & Electric Vehicles ETF

DRIV

Market cap $484M

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.

Autonomous driving gains traction as Tesla, Waymo and Zoox expand robotaxis, while ETFs offer diversified exposure to the AV boom.

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

Edmunds trade-in data showed a 5% jump in people trading gas cars for new and used EVs for the first 4 months of 2026. The rise has happened as gas prices have climbed 40% since April 2025, according to AAA.

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.

U.S. House lawmakers proposed bipartisan legislation that would require electric vehicles to ​pay a $130 fee to pay for road repairs annually and $35 for some ‌plug-in hybrid models.

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.

Electric vehicle ETFs DRIV and KARS have diverged, with DRIV up 38% YTD and KARS trailing at 24%, reflecting distinct sector exposures. DRIV outperforms by focusing on autonomous tech and high-margin software, benefiting from AI mania and resilient tech holdings like INTC. KARS offers purer exposure to the physical EV industry, batteries, and raw materials, but underperforms due to global trade tensions and heavy China weighting.

Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.