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Electric vehicles conquer the roads

Thursday, 20 January 2022 Reading time : 3 minutes

Global sales of electric vehicles ("EVs") have picked up strongly in 2021. According to recent figures from Bloomberg New Energy Finance (BNEF), EVs already accounted for 7.2% of global passenger vehicle sales in the first half of 2021. This represents an increase of around 83% compared to 2020 and 168% compared to 2019. This significant growth in sales figures is due in no small part to government initiatives and ambitions to reduce CO2 emissions. Battery technology is at the heart of the success of EVs and thus the reduction of CO2 emissions in mobility.

For example, current U.S. President Joe Biden has set a goal that half of new cars sold in the U.S. will be electric vehicles by 2030. Great Britain is already going one step further and wants to say goodbye to the internal combustion engine completely by 2035. Norway goes even a step further and wants to phase it out as early as 2025, although according to current forecasts this goal could even be achieved as early as 2022 or 2023. In large parts of the world, the end of passenger vehicles with combustion engines is no longer a question of "if", but rather of "when".

The 31 companies selected by ZKB Asset Management cover the entire EV value chain and clearly benefit from this strong, decades-long demand trend. Battery technology is the heart of the selection. The selection of companies ranges from mining companies, which among other things extract the lithium, nickel, and copper so important for batteries, to manufacturers of batteries and semiconductors, to global automotive groups, some of which have now focused their product range exclusively on electric vehicles.

ZKB Tracker Certificate dynamic on the EV Battery Basket
More information is available in the Factsheet

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