Why the Government Doesn’t Need to Convince You to Buy an Electric Car

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See, this is why we can’t have anything nice.

Not to sound like a broken record, but it is not the government's job to influence consumer behavior — at least not where free markets are supposed to reign and socialist policies are supposed to go to die.

As if it weren't bad enough that crony capitalism still rules on the Hill, now we’re supposed to accept the argument that the government has a responsibility to guide and shape our buying decisions?

That is, for lack of a better word, stupid.

In an honest free market, progress always wins — and without any help from Uncle Sam.

It’s why we now drive cars instead of horses and buggies.

It’s why we now use cellphones instead of rotary phones.

It’s why we use over-the-counter pain relievers to treat headaches instead of leeches and blood-letting.

This idea that the government needs to “guide us” to “go green” or buy electric cars is absurd. We’re already buying them!

Look, if you’re a regular reader of these pages, you know I’m a huge fan of electric vehicles…

Not just because these cars are fun to drive and allow me to give the proverbial middle finger to the Big Oil machine, but because the transition from internal combustion to vehicle electrification is a freaking gold mine for investors. 

I’m sure as hell taking full advantage, and I make no apologies for this, either.

In fact, at a recent conference I attended, I spoke about new trends in electric vehicle technology. Someone in the audience accused me of only caring about electric vehicles because I was profiting from them.

Well, of course I am. I’d be stupid not to.

And I don’t feel bad about that at all.

Why should I?

What’s wrong with making money?

Unless you’re already stinking rich or confused about the failures of Marxist ideologies, no one should ever feel bad about profiting from new technologies. It’s actually kind of dumb to even suggest such a thing.

Look, I made a killing on dozens of early tech investments — everything from Microsoft (NASDAQ: MSFT) to Apple (NASDAQ: AAPL) to Amazon (NASDAQ: AMZN). And I sure as hell won’t make any apologies for those blockbusters. In fact, I parade those around as some of my greatest picks of all time.

I do the same thing when it comes to electric vehicles. 

Hell, I was actually one of the few analysts to recommend buying shares of Tesla (NASDAQ: TSLA) when the company first went public — and we all know how that played out…

Of course, the big money on Tesla has already been made, and now there are a handful of new electric vehicle companies that are looking to dethrone the electric vehicle superstar.

I’m already loading up the boat on some of these because I know that the future of transportation is electric — and not because Biden wants to influence us all to buy electric cars but because Biden doesn’t have to influence us to buy electric cars.

According to Bloomberg, by 2030, more than half of all new cars sold in the U.S. will be electric… and this has little to do with government intervention.

The electric vehicle market has been growing rapidly for years — since long before Biden decided to pony up some of that filthy lucre for the industry.

Truth is, just 10 years ago, electric vehicle market share barely even registered as an accounting error. In 2021, electric vehicles accounted for just under 9% of global auto sales. 

In 2022, electric vehicles accounted for 10% of global auto sales.

Folks, this all happened in the absence of the Inflation Reduction Act, which is now going to give the industry a massive shot of steroids.

Truth is, the electric vehicle market would’ve continued to grow quite rapidly without any government intervention, but now that Biden is pushing hard to transition away from internal combustion, the market is only going to grow even faster — and allow you to make a hell of a lot of money in the process.

I’m not saying I agree with government intervention in every market scenario, but I’d be a fool not to wet my beak.

That’s why I’m not only increasing my exposure to the electric vehicle market this year but I also put together an in-depth report on how you can get some of this action too.

The report is called "Bigger Than Tesla: The Next American EV Powerhouse" — and you can access it right here.

While I have no interest in supporting Big Government efforts to manipulate markets, I also have no interest in ignoring this opportunity to get some of this action for myself. Unless you hate money, you should join me. Here’s how. 

To a new way of life and a new generation of wealth…

Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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