The electric vehicle (EV) revolution is in full swing, but picking a winning EV stock isn't easy.

Firstly, there are no EV companies on the Australian share market, so local investors have to look further afield for options.

Secondly, between Tesla's (NASDAQ: TSLA) market leadership, China's rising EV giants, and traditional automakers ramping up their electrification efforts, there's no shortage of contenders outside Australia.

If you're struggling to decide which company to back, the BetaShares Electric Vehicles and Future Mobility ETF (ASX: DRIV) could be the perfect solution.

A booming market

The global EV market is projected to generate a staggering US$784.2 billion in revenue in 2025, according to Statista. With a compound annual growth rate (CAGR) of 6.01%, the market is expected to hit US$990.4 billion by 2029. By then, annual EV unit sales could reach 17.36 million vehicles.

China is leading the charge, with its EV market projected to generate US$377 billion in revenue in 2025. Norway, meanwhile, continues to set the benchmark for EV adoption, with electric cars making up the vast majority of new vehicle sales.

Given these tailwinds, exposure to the EV sector could be a smart long-term investment. But rather than trying to pick individual winners, the BetaShares Electric Vehicles and Future Mobility ETF offers broad exposure to up to 50 of the world's leading automotive technology innovators.

What shares are included in this ASX ETF?

The BetaShares Electric Vehicles and Future Mobility ETF isn't just about EV manufacturers. The fund also includes companies driving the future of mobility, such as semiconductor firms, battery producers, and autonomous vehicle technology developers.

Here's a look at some of the major players in the fund:

Tesla

Tesla is a global leader in EVs and up until recently it was selling more electric cars than any other company. It continues to expand its production capacity, lower costs, and develop cutting-edge technology, including full self-driving (FSD) software and next-gen battery innovations.

BYD

BYD is a high-tech company that overtook Tesla last year to become the largest seller of electric vehicles in the world. Warren Buffett was an early investor in the China-based giant. It is the ASX ETF's largest holding at present.

NIO (NYSE: NIO)

Often called the "Tesla of China," NIO is a fast-growing EV maker known for its battery-swapping technology and premium electric SUVs and sedans. China's EV market is booming, and NIO is positioning itself as a key player.

Aptiv (NYSE: APTV)

Aptiv is a leading supplier of automotive technology, including advanced driver assistance systems (ADAS) and vehicle connectivity solutions. As cars become smarter and more autonomous, Aptiv's technology is likely to play a crucial role.

Volvo (STO: VOLV-B)

The Swedish automaker is rapidly transitioning to an all-electric future. Volvo plans to become a fully electric car brand by 2030, with a focus on safety, sustainability, and premium EV offerings.

Foolish takeaway

BetaShares Electric Vehicles and Future Mobility ETF provides exposure to the long-term growth of electric vehicles, autonomous driving, and future mobility trends.

Rather than betting on a single EV stock, this ASX ETF offers diversification across key players in the industry, from automakers to semiconductor suppliers.

As the transition to EVs accelerates and demand for smarter, cleaner transportation grows, this fund could be a great way to gain exposure to this exciting sector.