Fueled by a flurry of SPAC deals and the ever-entertaining Tesla, interest in electric vehicle (EV) stocks has soared over the past year. It’s not only shares of EV makers, though, that have raced higher recently; investors have also opted to power their portfolios with Blink Charging (NASDAQ: BLNK), driving the stock up nearly 2,200% last year.
For those seeking to hop in the front seat with an EV investment, Blink Charging, a developer of EV charging stations, seems like a viable alternative to carmakers. With shares skyrocketing over the past year, though, investors are likely reluctant to pick up shares. Where else can they turn? Fortunately, the Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV) represents a compelling option.