The EV Revolution is Here: Where You Should Invest

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Electric vehicles (EVs) are the future of transportation. They have the potential to reduce our dependence on fossil fuels and improve air quality in cities around the world.

Therefore, as electric vehicles are gaining popularity worldwide, our society is on the brink of a revolution in terms of changing transportation methods. This has made the perfect climate for investors looking to earn money from the electric vehicle revolution.

There are 4 industries people can invest in: mining, manufacturing, batteries and recycling. Each of these industries are experiencing growth thanks to the electric vehicle revolution. Let’s take a closer look at each one.

What Is the Electric Vehicle Revolution?

The electric vehicle revolution can be described as the time in which electric vehicles will become the dominant transportation method.

This is being driven by several factors, including:

  • The need to reduce greenhouse gas emissions and fight climate change.
  • The rise in electric vehicle ownership subsidies.
  • The falling cost of batteries.
  • The increasing availability of charging infrastructure.

Ultimately, analysts expect the sales of electric vehicles to skyrocket in the coming years. This is because companies like Volvo are committing to only selling electric vehicles by 2030. Alongside this, there are predictions that close to 4.8 million vehicles will be switched to electric and chargers will be installed in 6500 locations by 2030.

The exciting shift in the industry has created multiple investment opportunities across several industries. So, if you’re looking to invest your money, start your research by checking out our hot tips!

Mining Industry

The mining industry will play a big role in the electric vehicle revolution. This is because electric vehicles are driven by batteries, typically containing lithium and cobalt.

While these materials are not rare, they exist in limited quantities around the world. Therefore, as demand for them increases to meet the rising number of electric vehicle sales, so will the price.

This is good news for investors, as it means that mining companies are likely to see significant profits in the years to come. If you’re looking for other investment opportunities in the mining industry, check out The Assay breakdown on what precious metals are used in electric cars.

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Manufacturing Industry

The manufacturing industry will also experience growth in the coming years as electric vehicles become more popular. This is because manufacturers will need to produce more batteries and electric vehicle components to meet demand.

In addition, as electric vehicles become more common, there will be an increased demand for other products, such as charging stations. So, the manufacturing industry will benefit from electric vehicles in more ways than one.

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Battery Industry

As we’ve already mentioned, electric vehicle batteries contain lithium and cobalt. This is because battery manufacturers are still using traditional materials to produce them. However, this could soon change thanks to a new type of battery that is being developed by researchers.

This new battery, known as the solid-state battery, has the potential to revolutionize the electric vehicle industry. It is cheaper to produce and can store more energy than traditional batteries. So, it’s no wonder that many investors are keeping an eye on this technology.

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Recycling Industry

While the electric vehicle revolution offers many benefits for offsetting our carbon emissions, there is one outstanding question: how do we recycle electric batteries?  

This is a question that the recycling industry is currently working on answering. And, as electric vehicles become more popular, the need for battery recycling will only increase.

As a result the recycling industry is scrambling to offer the  best possible recycling solutions. So, if you’re looking for a way to profit from the electric vehicle revolution, this is another area worth considering. This creates an interesting opportunity for investors, as it means that the recycling industry is likely to experience rapid growth in the coming years.

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