We've Reached the EV Tipping Point

An EV-only future is quickly becoming a reality as more companies commit to producing emissions-free cars. [Profit Trends]( SPONSORED [George Gilder: "Do NOT buy bitcoin until you've seen this."]( George believes something bigger - and potentially more lucrative - than bitcoin is emerging as we speak. It could ultimately transform the Internet and the world monetary system. And George recently went on camera to discuss his top stocks to buy to tap into that trillion-dollar potential. [Check the footage out HERE while you can.]( Editor's Note: Longtime readers know that we love the profit potential of the electric vehicle market here at Profit Trends. In fact, Engineering Strategist David Fessler recommended Tesla way back when it traded for just $8, and he recently told you about his favorite electric pickup truck stock. Well, there's a U.S.-based EV company that just went public whose car leaves Porsche and McLaren supercars in its dust... And one expert believes this little-known company could soon do the same to its competitors. [Click here to learn more.]( - Kaitlyn Hopkins, Assistant Managing Editor The Electric Vehicle Revolution Has Hit Its Tipping Point David Fessler | Engineering Strategist | The Oxford Club [Dave Fessler] I have a few friends who have shunned [electric vehicles](. They've said they would never buy one. But in a decade or two, they may not have much of a choice... especially if they want a new car or truck. Almost every major automaker is signaling an EV-only future. And it's going to be a rapid transition. Volkswagen's Dieselgate It all started with Volkswagen's (OTC: [VWAGY]( "Dieselgate." Back in January 2016, the U.S. Justice Department, on behalf of the Environmental Protection Agency, sued the German carmaker, alleging it cheated on its diesel-powered cars' emissions tests. The company eventually pled guilty. As of June 2020, Volkswagen had racked up $33.3 billion in buyback costs, fines, penalties and settlements. And here in the U.S., the company was ordered to pay a $2.8 billion criminal fine and $1.5 billion in civil penalties. But that was just the tip of the iceberg. It also agreed to pony up $2.7 billion for environmental damages and to develop "clean-emissions infrastructure." So it formed a new U.S. subsidiary called Electrify America. This company is installing thousands of [EV charging stations]( across the U.S. Shortly after the lawsuit, Volkswagen said it would become carbon neutral by 2050. A big part of that is moving to EV-only production. Last year, the company delivered 231,600 EVs. That was three times the number of EVs it delivered in 2019. And it is just getting warmed up. It plans to outsell Tesla (Nasdaq: [TSLA]( and wants to make 28 million EVs by 2028. It has also invested $37 billion in its electric car program. Volkswagen is just one of the majors that are transitioning exclusively to EVs. Let's look at a few others. SPONSORED [FORGET BITCOIN! "This Is the ULTIMATE Crypto Play."]( [Andy Snyder and Guest]( Did you see? This award-winning investment expert is pounding the table on what he calls "[the ultimate crypto play]( No, it's NOT a coin. (See what it really is [HERE]( But if you want the chance to cash in on cryptomania, then you need to know about [this EXPLOSIVE opportunity today](. [>> See why one major financial site is predicting 693% gains in a year.]( EV Inflection Point General Motors (NYSE: [GM]( has jumped into EVs in a big way too. At the Consumer Electronics Show this past January, CEO Mary Barra said the auto industry had reached "an inflection point" regarding EV adoption. GM plans to initially spend $27 billion on EV and autonomous vehicle research and development and production. By 2025, it expects to have 30 new EV models globally, including 20 models for North American customers. It also hopes to sell 1 million EVs by that year. During a press conference, GM Executive Vice President Doug Parks said, "We don't just want to participate; we want to lead. Tesla's got a good jump, and they've done great things." GM's [electric Hummer]( attracted a lot of attention when the company unveiled it a year ago. The all-electric Hummer is slated for 2022 deliveries. In February, Ford Motor Company (NYSE: [F]( announced it will spend $29 billion through 2025 on leading the "electric vehicle revolution." That represents a dramatic ramp-up of Ford's spending on EVs. CEO Jim Farley said Ford will be "a leader in the [electric vehicle revolution]( around the world... It's early in the transition, but the trend is clear." But Ford is thinking beyond today's EVs. It wants to lead in autonomous vehicles too. Back in 2017, Ford purchased Argo AI. It spent $1 billion on the artificial intelligence firm to beef up its capabilities. It's also partnered with Google's parent company, Alphabet (Nasdaq: [GOOGL]( and Microsoft (Nasdaq: [MSFT](. It wants to improve its data analysis, cloud computing and quantum computing abilities. One major automaker that's been noticeably absent from the migration to EVs is Toyota (NYSE: [TM](. But right on the heels of February's announcement from Ford, Toyota said it would finally bring two new EVs to the U.S. later this year. It's also planning to introduce a new hybrid vehicle. The company has plenty of expertise in that area, having introduced the Prius almost 25 years ago. At this point, it's clear that the auto industry is diving into EVs in a big way. It's my personal opinion that if you've never driven one, you owe it to yourself to take a test-drive. You won't be disappointed. Good investing, Dave P.S. A new startup could dominate the upcoming $7 trillion EV market. The company recently went public and is set to grow at a rate 9X FASTER than Tesla. And right now, shares are trading for just $25. [Get the details here.]( MORE FROM PROFIT TRENDS [My Favorite EV Pick-and-Shovel Play]( [Going Small on This Singles Day Opportunity]( [The Secret to Identifying Successful Biotech Stocks]( [Facebook]( [Facebook]( [Twitter]( [Twitter]( SPONSORED [Bill SLAMS Biden: "A Disaster!"]( [Bill O'Reilly Slams]( This Must-See Showdown Reveals What's Ahead for You, Your Family and Your Money... During the Biden Presidency. [WATCH HERE.]( [The Oxford Club] You are receiving this email because you subscribed to Profit Trends. Profit Trends is published by The Oxford Club. Ready to start investing? [Click here now.]( Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. 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