Investors Bet on Electric Vehicles Despite the S&P 500 Racing Past ‘KARS’

The CARS ETF focuses on the electric vehicle market, which is expected to grow significantly by 2040. It includes sectors like vehicle production, autonomous driving, and battery manufacturing, featuring companies such as Ford, Tesla, and NVIDIA. The fund has $35 million in assets but has underperformed compared to the S&P 500. It has a 70 basis point expense ratio and is rated by Bloomberg Intelligence, with a caution on its tiered weighting system.

What is the estimated growth of the EV market by 2040?

Which companies are included in the thematic large cap fund focused on electric vehicles?

What are the top markets for electric vehicles mentioned in the text?

When was the fund launched and how much assets does it have?

What is the expense ratio of the fund mentioned in the text?