Hello,
Electric vehicles (EVs) still make up less than 10% of all vehicles sold in the United States. But you wouldn’t know it from the media. You can’t watch or stream television for any length of time without seeing one or more commercials promoting electric vehicles.
Interestingly enough, none of these commercials feature Tesla. Instead, these ads are from the legacy automakers such as Ford and General Motors. These companies are committed to having a fully electrified fleet (either hybrid or fully battery electric) within the next 10 to 15 years.
But that day is not today. And a key reason for that is that electric vehicles require a new infrastructure that includes mass production of reliable electric batteries.
The companies that make EV batteries is the focus of this presentation. You can look at EV batteries as a chicken-or-egg proposition. You can also look at it like a lock-and-key combination. In either case, for electric vehicles to reach a mass audience, there will have to be a stockpile of EV batteries. In fact, analysts forecast that the EV battery market will grow to $155 billion by 2028. That would be 7 times larger than it was in 2020.
But investing in these stocks requires patience and conviction. The payoff is still several years away. However, investing in growth comes at a price. To achieve the meteoric gains that many investors desire requires the fortitude to invest in some stocks that may go against the conventional wisdom.
In this presentation, we look at seven battery stocks that will play a significant role in the mass production of EV batteries. Investing in these companies now can make some investors millionaires by 2030.
View the 7 Battery Stocks That Will Make You a Millionaire by 2030Matthew Paulson
MarketBeat.com
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