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7 Electric Vehicle ETFs To Buy

The days of the internal combustion engine are numbered. Growing concerns around greenhouse gas emissions have sparked a shift in the automotive industry to the production of electric vehicles, or EVs. This rapidly expanding industry is currently locked in a battle for market dominance between three types of companies.

On one side, dedicated EV manufacturers like Tesla Inc. (ticker: TSLA), Lucid Group Inc. (LCID) and Rivian Automotive Inc. (RIVN) attempt to maintain their first-mover advantage. Across from them, established and long-standing American manufacturers like Ford Motor Co. (F) and General Motors Co. (GM) are pivoting toward electrification for their upcoming models. Finally, upstart Chinese competitors like Xpeng Inc. (XPEV) and Nio Inc. (NIO) are carving out a swath in the overseas market.

While investors can buy EV stocks individually, a more diversified approach might be via an exchange-traded fund, or ETF. Here are the seven best EV ETFs to buy in 2022.

This post originally appeared at U.S. News & World Report.