The Environmental Defense Fund (EDF) just released a new report called "U.S. Electric Vehicle Manufacturing Investments and Jobs/Characterizing the Impacts of the Inflation Reduction Act After 1 Year."
Unsurprisingly, the EDF sings the Inflation Reduction Act's (IRA) praises for instigating an avalanche of new investments made in the electric vehicle space.
And while the data provided by the EDF is sound, to suggest the IRA won’t have negative consequences would be foolish.
If history has taught us anything, it’s that nothing good ever comes from government interference in what’s supposed to be a free market.
That being said, while I am an unapologetic free-market capitalist, I’m also an opportunist. And although you’ll never find me singing the IRA's praises, you’ll also never see me ignore the chance to make a few bucks as a result of government intervention.
Some may call that hypocrisy, but I call it opportunity.
Any smart investor would.
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A sitting president signs into law an act that will favor the transition of internal combustion to vehicle electrification? Well, there are so many opportunities from which to choose…
From battery manufacturing and EV charging stations to the mining stocks that make electric vehicles possible, if you’ve been playing your cards right, you’ve already been wetting your beak on this electric vehicle action…
Especially now that the IRA is indeed expediting the integration of electric vehicles.
Love them or hate them, the EDF’s data and analysis on electric vehicle growth as a result of the IRA is detailed and without error.
Diving into the data myself, I confirmed that $92.3 billion of all electric vehicle investment announcements have happened in the 12 months since the IRA was signed into law.
This represents 56% of all announced electric vehicle investments.
And look at the impact the IRA is having on EV manufacturing capacity in the U.S.:
Not to mention battery manufacturing capacity:
As I said, I’m no supporter of government interference in free-market capitalism, but I’m also not in favor of ignoring an opportunity to get rich — even if it’s because of government interference in free-market capitalism.
And unless you hate money, I believe many of you feel the same way.
That's why I put together this short report on what I believe is one of the biggest developments the electric vehicle market has seen since the first Tesla Roadster hit the highway — a new EV technology that essentially makes it possible to drive an electric vehicle without ever having to plug it in.
It’s essentially an electric car that “fuels” itself while you drive… and the first EV using this technology can travel up to 1,000 miles without stopping.
That’s not a misprint — it can travel up to 1,000 miles without stopping.
There’s no doubt that this new electric vehicle technology is a game-changer of epic proportions, and the company behind it is not only public but also trading at a discount of about 12% right now, which means it’s ripe for the picking.
You can actually buy shares of it on the cheap right now, and I’ll show you how in this report.
To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!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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