Neil here. We’re staring one of the country’s most important deadlines right in the face – and we don’t have much time left to make the changes necessary to meet it.
Yesterday, President Joe Biden announced that around half of all new cars sold in the United States should be fully-electric, hydrogen-powered, or plug-in hybrids by 2030. That’s less than nine years away.
Now, don’t get me wrong. I’m all about these changes. They come in the wake of an electric vehicle market that’s absolutely booming this year.
Electric vehicle sales in the United States jumped 81% in 2021 alone. We’re on track to sell around 1.2 million electric and hybrid cars this year – and experts predict that by 2030, we’ll have 145 million electric vehicles in use around the world (some even put that number closer to 230 million).
And with 71% of drivers reporting they’d be interested in switching over to electric – and with electric car prices dropping every single day – I have no trouble believing that the United States has what it takes to hit those milestones.
We just have to make one major change – one that will make the transition to electric vehicles much cheaper and faster for everyone across the board.
We need to bring electric vehicle production – from start to finish – back to the United States.
Think about batteries. They’re essential to the electric vehicle industry, but producing them relies on critical raw materials currently dominated by foreign markets. Right now, for example, China has mining access to 66% of the 30 critical raw materials (think lithium), and importing them here is expensive.
Luckily, there are already plenty of viable solutions in the works. There’s actually one company that’s created a way to recreate electric vehicle batteries without needing to important foreign materials at all.
In fact, their entire operation is located in the United States – and by my research, they’re the only company out there that’s achieved this kind of technological breakthrough. It’s not a startup, but it is a small company currently listed on a foreign exchange – where it shot up 1,147% over the last year.
It’s expected to hit the Nasdaq any day now in a rare dual-listing – and it could mirror its own past performance once it does (check out more details over here).
Now, this company’s research group already signed a 10-year deal with Tesla, a company with a history of partnering with smaller companies – private and public alike – to advance their technology and ironclad their market share.
Earlier in the summer, Tesla spent $3 to purchase patent applications from a tiny startup called Springpower International, in an effort to cut lithium-ion battery prices by 50% and make the production process cleaner. It’s also rumored that Tesla acquired Springpower outright – but neither company has confirmed or denied this yet.
But listen. Here’s the biggest takeaway from all of this:
Solving the problems that exist within the electric vehicle industry – and bringing EVs to market faster – will rely on companies like the ones I mentioned above stepping up to the challenge of getting the job done.
And as an angel investor, this is one of the most exciting opportunities I’ve seen this entire year.
You’ve heard me say before that it takes anywhere from three to 10 years for an angel investment to mature. In other words, startup investing is extremely future-focused.
It’s about deciding what company is going to make the biggest splash years down the line and getting in years before it really does. In this case, by the time those 2026 and 2030 electric vehicle deadlines come around, today’s earliest-stage startups could be well on their way to an exit.
The bottom line? Add a startup in this sector to your portfolio today. The electric vehicle industry is growing at a CAGR of 21.7% right now – meaning the longer you wait, the larger the industry will be, and the smaller your potential return could be.
One to check out right now? Try this one. Review the campaign page and let me know what you think.
Have a great weekend, and I’ll be back soon with another update.
Until next time,
Neil Patel
Yesterday, President Joe Biden announced that around half of all new cars sold in the United States should be fully-electric, hydrogen-powered, or plug-in hybrids by 2030. That’s less than nine years away.
Now, don’t get me wrong. I’m all about these changes. They come in the wake of an electric vehicle market that’s absolutely booming this year.
Electric vehicle sales in the United States jumped 81% in 2021 alone. We’re on track to sell around 1.2 million electric and hybrid cars this year – and experts predict that by 2030, we’ll have 145 million electric vehicles in use around the world (some even put that number closer to 230 million).
And with 71% of drivers reporting they’d be interested in switching over to electric – and with electric car prices dropping every single day – I have no trouble believing that the United States has what it takes to hit those milestones.
We just have to make one major change – one that will make the transition to electric vehicles much cheaper and faster for everyone across the board.
We need to bring electric vehicle production – from start to finish – back to the United States.
Think about batteries. They’re essential to the electric vehicle industry, but producing them relies on critical raw materials currently dominated by foreign markets. Right now, for example, China has mining access to 66% of the 30 critical raw materials (think lithium), and importing them here is expensive.
Luckily, there are already plenty of viable solutions in the works. There’s actually one company that’s created a way to recreate electric vehicle batteries without needing to important foreign materials at all.
In fact, their entire operation is located in the United States – and by my research, they’re the only company out there that’s achieved this kind of technological breakthrough. It’s not a startup, but it is a small company currently listed on a foreign exchange – where it shot up 1,147% over the last year.
It’s expected to hit the Nasdaq any day now in a rare dual-listing – and it could mirror its own past performance once it does (check out more details over here).
Now, this company’s research group already signed a 10-year deal with Tesla, a company with a history of partnering with smaller companies – private and public alike – to advance their technology and ironclad their market share.
Earlier in the summer, Tesla spent $3 to purchase patent applications from a tiny startup called Springpower International, in an effort to cut lithium-ion battery prices by 50% and make the production process cleaner. It’s also rumored that Tesla acquired Springpower outright – but neither company has confirmed or denied this yet.
But listen. Here’s the biggest takeaway from all of this:
Solving the problems that exist within the electric vehicle industry – and bringing EVs to market faster – will rely on companies like the ones I mentioned above stepping up to the challenge of getting the job done.
And as an angel investor, this is one of the most exciting opportunities I’ve seen this entire year.
You’ve heard me say before that it takes anywhere from three to 10 years for an angel investment to mature. In other words, startup investing is extremely future-focused.
It’s about deciding what company is going to make the biggest splash years down the line and getting in years before it really does. In this case, by the time those 2026 and 2030 electric vehicle deadlines come around, today’s earliest-stage startups could be well on their way to an exit.
The bottom line? Add a startup in this sector to your portfolio today. The electric vehicle industry is growing at a CAGR of 21.7% right now – meaning the longer you wait, the larger the industry will be, and the smaller your potential return could be.
One to check out right now? Try this one. Review the campaign page and let me know what you think.
Have a great weekend, and I’ll be back soon with another update.
Until next time,
Neil Patel
Follow @angelsandentrepreneurs
Let The Good Times Roll With This New Way Industry For Vehicle.
Hi Neil,
I am a big fan of transportation electrification, and can’t wait until the moment that someone comes up with a reliable work van that can do 200+ miles per charge. I have invested in multiple startups in this area 1) Volcon – they do both terrain bikes and four-wheelers, and per the latest update they had to double up their production capacity to keep up with their demand 2) Aptera – I love the concept that you can recharge it by sun without the need to plug in and their efficiency is second to none, their valuation went up 500% to date so I am very pleased with that 3) CityFreighter – hopefully they come up with their van ASAP, because I just filled up my GMC gas tank for $90 today that will last me like two days, so I can’t wait to ditch this gas guzzler. 4) Eli EV – I liked their micro-EV concept and its suitability to overcrowded and polluted cities 5) Strom Motors – I liked their traction of $10M preorders from the India market
So far I have one regret in this category that I have not invested in Soletrac – electric tractors, I talked myself out of investing in it because Cubota and John Deere already had fully electric and autonomous tractors, but unfortunately for me Soletrac sold out and produced an exit with a 400% ROI within a year from their fundraise.
I have not invested yet in Battle Approved Motors, mainly for the following reasons:
1) I am not sure if I agree with what they are doing: “We want our Electric UTV to be like Ferrari meets Tesla in the dirt.” – I am not prosperous enough yet to own a Tesla nor Ferrari, but something tells me that even if I owned one, the last thing I would want is to cover it in mud, or roll it over down a hill, or wrap it around a tree
2) The founder is all over the place – a film producer, a #1 recording artist in Japan, a car manufacturer. I personally prefer if the founder focuses only on one thing – the startup I invest in
3) I don’t see any specifics such as the expected MSRP and no preorders with deposits to asses the feasibility and marketability, so I don’t have a clear vision for my ROI as of now
What peaked my interest though was that they plan to have a race category and series featuring these vehicles which could be a marketing catalyst to explode their sales, so I am like 50/50 on this one for now.
How about you, are you highly likely investing in this one?
V