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By 2040, every new car sold in the world will be electric.

From

foolmart.com

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fool@info.fool.com

Sent On

Tue, Mar 14, 2023 12:00 AM

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What does that mean for investors? By 2040, every new car sold in the world will be electric. This i

What does that mean for investors? [The Motley Fool] The Car of Tomorrow is Here Today. [By 2040, every new car sold in the world will be electric.] By 2040, every new car sold in the world will be electric. This isn’t some bold proclamation from a climate organization, or Greta Thunberg or John Kerry. It isn’t some bombastic pie in the sky vision from Elon Musk. This is straight from the mouth of Exxon Mobil CEO Darren Woods, certainly not the first name you think of when it comes to green energy and sustainable living. Imagine if Steve Jobs opened up an Apple conference touting the importance of the Windows operating system or the gaming power of the Xbox. But Woods might have something here. Global sales of electric vehicles in 2021 doubled previous figures, with more cars sold per week than sold in 2012. That strong growth continued into 2022, accounting for 10% of all new cars sold globally. Analysts even think those numbers could quadruple by as early as 2030 - especially since only 4% of all cars produced in America are EVs. That leaves a huge opportunity on the table for savvy investors. And with offerings from Volkswagen, BMW, Ford, and upstarts like Rivian eating into Tesla’s market share, investors are scrambling to find the next opportunity. But how can we know exactly what to invest in? For every Tesla success story, there is a Fisker Automotive, a Nikola, a Faraday Future. Heck even Dyson (yes, the vacuum guy) tried to get into the EV game. And with the long rumored Apple car still just that - long rumored - investors are looking for actionable and investable opportunities in this blossoming market. And that’s where The Motley Fool comes into play. Because we’ve made a name for ourselves finding under the radar opportunities that have turned out to be life-changing. We're talking about Amazon before the advent of online shopping. Netflix before the streaming wars took off. And Tesla before everyone wanted a battery-powered car. See for yourself: - Amazon, up 12,169% since our recommendation in 2002 - Netflix, up 16,715% since our recommendation in 2004 - Tesla, up 8,474% since our recommendation in 2012 And while Tesla is a company that has served investors well, and one we still recommend, we’ve uncovered five other opportunities that we think offer more upside and can even give Elon a run for his money. We're talking about a multi-pronged and diverse approach that not only focuses on automakers, but pick and shovel plays like semiconductor and chip companies, battery producers, component manufacturers. Heck even railways! (We’re talking electric vehicles - who says we need to limit it to cars and trucks!) What’s more, one of these companies is even taking on Tesla at its own game, and could be their biggest competitor. Their CEO even took the opportunity to directly challenge Tesla and their place in the EV market: “Tesla’s won’t drive the economy…they’ll drive rich people,” How do you think that challenge will go over with Elon Musk? The details of this bold and brash company are in our exciting report that fully details the car of tomorrow. Imagine a world where an electric car takes you seamlessly to work, and you can sit back and relax as the self-driving feature kicks in…all while you control everything in your car from your phone or with your voice. And this report delves into everything from electric vehicles, to autonomous driving, to interconnected technology, so you have a complete playbook on how to invest in this fast moving technology. This report is part of our premium service Motley Fool Stock Advisor, our flagship product that is beating the market by over 3x. Get access to one of our most comprehensive reports we’ve ever published, and with an opportunity to access Stock Advisor for a discounted price for new subscribers. Access your exclusive offer by clicking below. [Access my report on The Car of Tomorrow Right Now!](~/AAQRxQA~/RgRl8j42P4QbAWh0dHBzOi8vYXBpLmZvb2wuY29tL2luZm90cm9uL3NwbGl0dGVyL3JvdXRlL3NhLTc4LWV2by1zbz9saWQ9a2gwYTRsendzN2tuJmFwaWtleT01YzhlNTJkZC0xYmVhLTQ1NWUtODdmNS1kNTUwNmU1OTBmMjEmc291cmNlPWlzYXNvM2VtbDAwMDYyNTMmdT0yMDM2NTc0MDM2Jm1haWxpbmdfaWQ9OTg0YzQyYWUtYWU3Yy00MDFmLTllNjUtODc1YjcwNzVlMjc0Jm1haWxpbmdfbmFtZT1WYXJpYW50IDImdXRtX2NhbXBhaWduPXNmLWV2b2x1dGlvbiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9c29XA3NwY0IKZAo2uQ9kC_lzB1IbdHJpc3RyYW1iYWxkd2luODhAZ21haWwuY29tWAQAAAH5)   Returns as of March 9, 2023. How did you like this email? 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