KraneShares Electric Vehicles and Future Mobility Index ETF [KARS] Stock Forecast

Recently, reports have surfaced that demand for electric vehicles (EVs) is slowing. This could potentially dampen the notion that 2023 is one of the industry's seminal moments.

In 2023, electric vehicle (EV) sales are expected to make up about 9% of auto sales, according to Atlas Public Policy, as noted by the Associated Press. That's up from 7.3% in 2022.

Good morning, VettaFi Voices! Last Friday, the holiday shopping season kicked off in earnest (while I hunkered down in my house eating turkey sandwiches and waited for the initial frenzy to pass).

With EV sales in the EU increasing, headwinds like slow demand still persist in the market. However, these hurdles are cyclical in nature and are expected to create volatility in the short term.

The blue economy has significant growth potential, making it a potentially lucrative opportunity for investors. The global economic output of the ocean currently stands at $2.4 trillion per year, according to the OECD.

It's been a bumpy year for investors taking broad approaches to electric vehicle stocks and exchange traded funds. For example, shares of Tesla (NASDAQ: TSLA), the largest domestic EC manufacturer, have surged nearly 93%.

Recently, the electric vehicle (EV) market has experienced a deceleration in its previously rapid growth.

The KraneShares Electric Vehicles and Future Mobility Index ETF aims to provide exposure to companies shaping the future of mobility. The KARS ETF focuses on various aspects of the emerging EV ecosystem, including EV production, autonomous driving, shared mobility, and electric infrastructure. The ETF offers potential advantages such as exposure to the EV boom, access to emerging market innovators, and diversified exposure across sectors and regions. However, the momentum for KARS is currently lacking.

There have been several positive developments announced recently related to the development of solid-state batteries technology for electric vehicles. Investors and automakers are excited about the next “disruption” of lithium-ion battery technology, which is smaller and safer.

While clean energy and climate ETFs haven't been the top performers in 2023, it's important that investors remember they're intended to be a long-term hold. The energy transition will require more than $140 trillion of investment over the next 30 years, according to the International Renewable Energy Agency.

KraneShares Electric Vehicles and Future Mobility Index ETF is a US stock and trading under the symbol KARS

KraneShares Electric Vehicles and Future Mobility Index ETF stock price is $24.46 today.

Yes, KraneShares Electric Vehicles and Future Mobility Index ETF is a publicly traded company.