The Electric Vehicle Invasion

Car enthusiasts all over the planet are at odds with the sudden rise of the electric car threatening to change our way of life and livelihood.

To put it simply, the internal combustion engine is finally being put to its long deserved rest. Industry forecasts project that a major transition will begin in 2023, and by 2035 we are going to be at 60% electric vehicles given current regulations and technology trajectories. The Biden administration has a goal of 50% by 2030. For those who may be incredulous understand that the moment gas prices rose above 6 dollars a gallon the transition was inevitable. As the cost of electric vehicles lower and the price of gas rises most people wont complain about not needing to buy oil, and being able to travel 200 miles for under $3.00.

Even if many are still skeptical, car companies aren’t! They live or die by reading the writing on the wall. Big oil may want you to remain in the dark, but even your electric companies are switching to green fuels and opting out of nuclear and coal in order to cash in on new solar power battery storage capabilities and wind power. Despite what your short sighted local politicians might say because big oil gives them donations the age of the electric car is here. Electric vehicle pioneer Tesla looks like a no-brainer name in the list of companies that may dominate in the Electric Vehicle (EV) segment. The company's annual EV deliveries rose approximately 90% in 2021 to 936,172 vehicles, resulting in a revenue growth of 71% for the ever growing company.

To add an extra nail in the coffin of carbon fuels (Carbon-based fuel is any fuel principally from the oxidation or burning of carbon. Carbon-based fuels are of two main kinds, biofuels and fossil fuels) many States are considering following California’s example with a mandate banning new gas driven vehicles. California’s mandate (the first in the world} would increase sales of electric or other zero-emission cars to 35% in 2026, and prohibit new gasoline or diesel cars by 2035.In the US alone, 13 carmakers announced earlier this year plans to spend $75 billion to open electric vehicle manufacturing plants in six states. The jobs this new industry provides will put America back on track to economic growth for the middle class. Only a few political holdouts in the pockets of big oil oppose these jobs.

As of 2022 there are 70 million multi-car homes in the US. If these households switched one of their main cars to an EV, American families could collectively save more than $72 billion in annual fuel costs. Even when accounting for power plant emissions, the switch would reduce greenhouse gas by a conservative estimate of 150–350 million metric tons per year! The tipping point for electric vehicles is the introduction of the so called “Forever Battery to the market. Solid-state batteries are the “forever battery” technology that companies like QuantumScape are developing. QuantumScape is basically pioneering a new class of solid-state batteries to make the world infinitely more productive. The forever battery is one of the fastest moving stocks because it is a revolution to a revolution the battery would charge in just 8 minutes, and have a driving range of 9,200 miles on that charge. This breakthrough in battery technology is called "nanopower." Last year, QuantumScape released third-party testing data that validated its creation of small-scale solid-state batteries that work. And in its latest earnings report released in April, the company announced it has developed a16-layer solid-state battery cell. And it’s already endured over 500 charging cycles. The technical progress being made in solid-state battery chemistry is clearly not being overstated. It’s legit and right around the corner. Although main-stream media is reluctant to report on it because they have to sell those gas cars the EV revolution is happening. And over the coming years, this emerging technology will transform the car industry — and, indeed, the entire electronics world.