Launch stream

HANetf lists electric vehicle ETF

Focuses on charging infrastructure

HANetf has listed an electric vehicle ETF focused on charging infrastructure.

The Electric Vehicle Charging Infrastructure Equity UCITS ETF tracks the Solactive EV Charging Infrastructure Index and will invest in firms that have their main field of business in the development and construction of electric vehicle charging infrastructure, such as Blink Charging, Wallbox and Beam Global.

“In order to sustain 600 million EVs on the road by 2040, todays charging infrastructure will need to see a huge expansion,” the firm said.

The ETF, which is classified as article 8 under SFDR, will list on the London Stock Exchange, Deutsche Börse Xetra and Borsa Italiana, and be passported for sale across Europe.

“The future of cars is electric. In a few decades, from Shenzhen to San Francisco, it will become the norm to drive a battery powered vehicle, said Hector McNeil, co-CEO of HANetf.

“However, underpinning this revolution will be a huge build out of car charging capacity. Just as the growth of traditional cars in the 20th century required the building of gas and petrol stations, the electric car revolution in the 21st century will require abundant charging stations and home units.”