remarksThere should be no doubt now that a rapid switch from internal combustion engine vehicle to electric vehicle will occur this decade. China initially led and Europe caught up in 2020. The US will be next to catch up as Biden supports the sector with 550,000 new charging stations, renewed subsidies, and his latest plan to make the entire US Gov. 650,000 vehicle fleet go electric.Without a doubt Tesla’s electric car sales and Tesla’s stock price performance were the huge winners of 2020. Looking ahead to 2021 it looks like Volkswagen is making a move and the Chinese startups Nio and XPeng should have a great year. BYD Co remains a China leader as well as a global leader in e-bus sales.For investors the opportunity in 2021 is buying EV companies who can rapidly scale production and buying into the supply chain of battery manufacturers and EV metal miners. Below is a link to our InvestorIntel watchlists which is well worth a look.2021 is looking like the year EV sales will fly higher, especially if we get a rebound in discretionary spending from an improving global economy with COVID-19 hopefully declining.QUOTE
Companies committed now for the future ahead IMO.
https://investorintel.com/markets/cleantech/cleantech-intel/electric-car-sales-grew-43-in-2020-as-conventional-car-sales-decreased-14-led-by-tesla-and-europe/
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