Funds that have holdings in electric vehicle (EV) manufacturers should have performed extremely well over the last 12 months, all other things being equal. Pure EV manufacturers such as Tesla and NIO have rallied 686.7% and 1,406.2% respectively, despite a recent correction. Meanwhile, even traditional vehicle manufacturers with big EV plans — such as General Motors and Ford — are up 149.3% and 181.1%, respectively.

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