HANetf is launching a new UCITS ETF on the London Stock Exchange, Deutsche Börse Xetra and Borsa Italiana, that is focused on electric vehicle (EV) charging infrastructure.

EV sales globally have surged in recent years, with total numbers of EVs on the roads projected to climb from three percent currently to nearly 60 percent come 2040.

The Electric Vehicle Charging Infrastructure Equity UCITS ETF (ticker: ELEC) provides exposure to listed firms that have their main field of business in the development and construction of electric vehicle charging infrastructure. Whilst EV companies such as Tesla have seen soaring valuations of late, firms involved in charging infrastructure have seen more subdued increases in valuations.

The ETF will exclude companies that have significant involvement in activities relating to weapons, tobacco and thermal coal, and will be classified as an SFDR Article 8 fund.

Hector McNeil co-chief executive and co-founder of HANetf said: “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. 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 petrol stations, the electric car revolution in the 21st century will require abundant charging stations. We are thrilled to be providing investors with a new thematic ETF to access this exciting growth area in the form of the Electric Vehicle Charging Infrastructure Equity UCITS ETF.”