As the Iran war continues to drive up petrol prices, people are turning to Electric Vehicles (EVs) to ease the pressure. SIX’s Head of Customer Support is one of them.

As someone who has been casually looking for an EV for the better part of 12 months; spurred on by increasing petrol prices, no clear end to the war in Iran and a government who seems pretty set on not doing much at all, it felt like the right time to finally put down a deposit on a car (a GAC Aion UT if anyone is interested). Unsurprisingly, a lot of other people in Australia and around the world seem to be making similar decisions with EV sales in new and secondhand markets increasing significantly.

Not only can EV’s help ease financial pressure and reduce carbon emissions, they also arguably help play a role in improving Australia’s energy sovereignty by reducing the reliance on foreign oil and instead relying on electricity which is largely produced domestically.

‍As more and more people make the switch to electric, here are some EV stocks that might spark your interest, all available on the SIX platform. 

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There are a number of ETFs on the ASX that invest in companies that are in the EV industry (think Tesla, BYD, NIO, Geely). There are also ETFs and companies that are more focused on battery storage technology or companies that provide the materials that make up EVs, like lithium batteries.

DRIV

The Betashares DRIV ETF aims to invest in companies at the forefront of automotive technology including EVs, passenger transport, fuel cells and trucking and logistics. 

ACDC‍

ETF that invests in companies involved in battery storage technology and mining companies that produce metals used to manufacture lithium batteries. 

‍XMET ‍

Betashares ETF that invests in companies producing minerals needed to build low-emissions technology like copper, lithium, nickel and cobalt

Lithium companies ‍

If investing in the materials behind EVs is more your style, then there are a number of lithium companies available to invest in. ‍

PLS ‍

Pilbara Minerals is a Perth-based company that owns and operates a large lithium mine in the Pilbara region of Western Australia. It also co-owns refining plants that further process lithium into a form used to make electric batteries, renewable energy and electronic devices ‍

LTR‍

Liontown Resources is an Australian mining company focused on the exploration and development of battery minerals, primarily lithium and tantalum. With its flagship Kathleen Valley Lithium-Tantalum Project in Western Australia.  

Liontown aims to become a significant player in the lithium industry, catering to the growing demand for this critical battery material

‍CXO‍

Core Lithium is an Australian mining company focused on lithium, copper, zinc, gold, silver, and uranium, with its primary Finniss Lithium Project in the Northern Territory poised to become a major lithium producer. CXO employs a low-impact, water-efficient mineralisation process, supporting cleaner transportation through EV battery production.

‍You can read the full ethical profiles and buy these stocks by signing up or logging into your SIX account. ‍

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While there are obvious environmental advantages to investing in EVs, battery technology and more sustainable transport solutions, EV production still requires mining for materials like lithium, cobalt and nickel which can lead to environmental harm, habitat destruction and water pollution. Some companies involved in producing minerals like cobalt also operate in countries that have a higher risk of human rights abuses.

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Got an EV stock you’d like to see in the app? Let us know by emailing us at hello@six-invest.com.au or tell us which EV you’ve got your eye on.

All information provided is general in nature and doesn’t take into account your personal circumstances. Do your own research and consider what’s right for you before choosing to invest.