Group 1: Electric Vehicle Market Growth - Global electric vehicle (EV) sales are on the rise, particularly in regions like Asia (excluding China), which supports the investment case for the Fidelity Electric Vehicles and Future Transportation ETF (FDRV) [1][3] - Developing countries in Asia are projected to reach close to 400,000 EV sales in 2024, marking a 40% increase from 2023 [3] - Policy incentives and the availability of affordable electric cars from Chinese OEMs are driving this rapid growth [5] Group 2: FDRV ETF Overview - FDRV tracks the Fidelity Electric Vehicles and Future Transportation Index, which includes global companies involved in the production of electric and/or autonomous vehicles, as well as EV components and technology [2] - As of September 30, FDRV has approximately 38% exposure to Asia, with significant holdings in companies like BYD, the largest EV manufacturer in China [5] Group 3: U.S. EV Market Dynamics - In the U.S., Tesla maintains a dominant position in the EV market, holding over 40% market share as of September [6][7] - U.S. EV sales reached 1 million units in the first nine months of 2025, with 438,000 units sold in Q3 alone [6] - Tesla's automotive revenue increased by 6% to $21.2 billion compared to the same period last year [7]