Projections Show Growing Demand For Electric Vehicles

With the stock market’s V-shaped recovery well underway, critics are concerned that the market doesn’t reflect the state of the economy.

What they fail to see is that the force driving the stock market isn’t an economic recovery.

It’s the Great American Reset.

The majority of economic data, such as unemployment rates and gross domestic product, are lagging indicators that reflect what already happened.

On the other hand, the stock market is a leading indicator that reflects expectations of the future.

Ian King and I realize that the Great American Reset is paving the way for new technology and will change the world as we know it, handing investors huge profits.

One mega trend we see at the forefront of this era is the mass emergence of electric vehicles (EVs).

[Exclusive: The New Type of Battery That’s Pushing Energy Storage to the Limits]

As Ian mentioned in his article last week, EVs could be the most important transportation upgrade in the last 100 years.

ELECTRIC VEHICLES ARE GAINING AN EDGE

Despite a grim picture for overall vehicle sales in 2020 due to COVID-19, our prediction that EVs will soon overtake gas-powered vehicles is stronger than ever.

Demand for EVs is expected to fare better in 2020 for every vehicle segment. In fact, electric commercial truck and bus sales are expected to grow in 2020:

(source: BloombergNEF’s Electric Vehicle Outlook 2020)

Double-digit growth projections for electric commercial trucks suggest that businesses are focused on staying relevant during the Great American Reset, both in the U.S. and globally.

Companies recognize that the growth of e-commerce is driving demand for efficient logistics solutions, which electric trucks offer. This is why Amazon spent $700 million to buy 100,000 electric trucks from EV startup Rivian last year.

[Learn More: Insiders Say it Will Enable Drivers to Go 1,000 Miles on a Single Charge]

Commercial trucks aren’t the only vehicle segment that will register major growth, though.

Projections for U.S. new vehicle sales suggest the demand for EVs will grow rapidly over the coming decades:

(source: BloombergNEF)

But Ian King and I think growth will be much higher.

Being a game-changing technology during the Great American Reset, we believe EVs could account for all of the new vehicle sales by 2030.

MORE TIPPING-POINT TRENDS ON THE HORIZON

The EV boom is just one of the handful of tipping-point trends that will emerge during the Great American Reset.

Ian and I are showing our subscribers how to capitalize on them in our Automatic Fortunes service.

Check your Smart Profits Daily email on Wednesday for more information about some of these incredible opportunities.

[Game Changer: The Company Developing this Tech is 1/1,000th the Size of GM]

Regards,

Steve Fernandez

Research Analyst, Automatic Fortunes

Read more from Stephan Fernandez at BanyanHill.com

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Write This Stock Ticker Down Right Now

Enter your email address to see the name and ticker on the next page.


By submitting your email address, you give Breakthrough Investors permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
Enter your email address to access all the details.


By submitting your email address, you give Breakthrough Investors permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Project An-E

Breakthrough A.I. Just Predicted What the Stock Prices of Tesla, Nvidia, and Apple Will Be 30 Days from Now…
Enter your email address for immediate access.


By submitting your email address, you give Breakthrough Investors permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Breakthrough Investors permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works