Exponential Markets Launches Electric Vehicle Index

Published

Mar 04, 2024

Author

Exponential Markets

Today, Exponential Markets is announcing the launch of our newest product—the Exponential Markets Electric Vehicle Index. This innovative index is specifically tailored for the battery electric vehicle segment, making it a groundbreaking benchmark in the automotive industry. This release follows the successful introduction of our flagship composite market index, the first tradable index for the overall used vehicle wholesale market.

The Exponential Markets EV Index utilizes advanced data science methodologies and machine learning algorithms, mirroring the successful approach of our composite index. This ensures that our EV Index is equally effective in tracking market price level movements for the electric vehicle segment.

"We designed our EV benchmark with the mission that fleet owners and automotive lessors need a reliable and transparent tool to manage asset exposure for their EV fleet. Correlations with individual fleet performance were a key requirement in our design," said Dr. Joshua Schoenfield, Principal Data Scientist at Exponential and co-developer of the benchmark.

Paul Fortin, Exponential co-founder and auto finance industry veteran stated, "The Exponential Markets EV Index comes at the perfect time when the entire automotive ecosystem is facing increased volatility due to EV price fluctuations. This volatility impacts every aspect of a business that operates or finances EVs. With the ongoing global fleet electrification and rapid technological advancements in the automotive sector, we believe that a tradable transparent benchmark that unlocks risk transfer capabilities will be critical for the continued growth of EVs."

The Electric Vehicle Index will be administered by Exponential Markets and will initially be available on our website with additional analytics and trading distribution channels added in the very near future. The index calculation, maintenance, and distribution are overseen by an independent index governance committee composed of industry experts.

Learn more about the index on our website: https://www.exponentialmarkets.com/governance/index-facts/em-ev-index/

For inquiries on the index please contact:
paul@exponentialmarkets.com

For inquiries on index licensing please contact:
andrew@exponentialmarkets.com