In America, sales of electric vehicles have grown at a 32% compound annual growth rate (CAGR) over the past four years. And globally, growth has been even stronger. Since 2013, global EV sales have increased about 400%! But the electric car revolution is only getting started. Fueled by a decline in production costs, increasing public demand, zero-emission regulations, and government incentives, the global EV market is expected to grow at a CAGR of close to 23% through 2021. The IEA says: Assessments of country targets, original equipment manufacturer (OEM) announcements and scenarios on electric car deployment seem to confirm these positive signals, indicating a good chance that the electric car stock will range between 9 million and 20 million by 2020 and between 40 million and 70 million by 2025 The electric vehicle revolution is happening right in front of our eyes. Soon, everyone is going to have one. And today's investors will be the beneficiaries of major gains.
