iShares Self-Driving EV and Tech ETF

IDRV

Market cap $147M

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.

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.