Adding dynaCERT to Your CleanTech Portfolio

After spending 16 years and over $60 million to develop its CleanTech technology, dynaCERT Inc. (TSX: DYA | OTCQX: DYFSF | FSE: DMJ) hit major milestones in 2020, with the potential for an even better 2021.

As part of the growing global hydrogen economy, dynaCERT manufactures and distributes Carbon Emission Reduction Technology (CERT) for use with diesel engines.

Its flagship product, HydraGENTM, uses a patented process to generate hydrogen and oxygen on-demand, through an electrolysis system and supply the gases through the air intake to enhance combustion, reduce pollution emissions (by up to 50%), and improve fuel efficiency (by up to 19%).

dynaCERT estimates that a unit will pay for itself in fuel savings in about a year.

Key 2020 milestones included:

  • In May, dynaCERT received a purchase order for 3,000 HydraGEN™ units from KarbonKleen Inc. and signed KarbonKleen as a dynaCERT’s Preferred Service Provider, covering the trucking market in the United States.
  • In August, dynaCERT signed a Dealer Agreement with Sparta Group’s (TSXV: SAY) affiliate TruckSuite Canada Ltd. and received an order for 150 HydraGEN™ units from TruckSuite.
  • In June, the Company closed an C$8.4 million stock offering and, as of its latest financials, had $16.2 million in cash.
  • In July, dynaCERT reopened an updated Assembly Plant in Toronto, Ontario, Canada that was retrofitted with a new semi-automated assembly system that can assemble up to 6,000 units per month, representing potential sales of almost $445 million per year at full capacity.
  • The city of Woodstock, Ontario, Canada signed a deal with dynaCERT to equip Woodstock’s diesel-powered vehicles with HydraGEN™ Technology. Woodstock is the first major North American city to sign an agreement with dynaCERT.
  • dynaCERT also established a 100%-owned subsidiary called dynaCERT International Strategic Holdings Inc. (“DISH”) that will be used to strategically invest in CleanTech companies directly involved with dynaCERT’s solutions, including funding a monthly subscription option to facilitate sales of HydraGEN™ units.
  • dynaCERT also launched its freight management software, HydraLytica™, as a new stand-alone offering into the FreightTech industry. The Company’s PaaS (Platform as a Service) solution aggregates vehicle data to create actionable intelligence and presents the information in an easy to use interface.
  • In order to broaden the company’s appeal to a larger shareholder base, including institutional shareholders, dynaCERT graduated its stock listing to the TSX from the TSX Venture Exchange and, in the United States, graduated to the OTCQX Best Market.

Diesel Engine Market

The diesel engine market is massive – an estimated 1 billion diesel engines operate around the world.

dynaCERT’s technology works with many types of diesel engines used in various industries including construction, forestry, mining, power generation, and transportation (trucks, marine, railroad), to name a few.

dynaCERT has over 45 dealers around the world selling its HydraGEN™ technology to truck owners, commercial fleets, and governments that use diesel engines.

Even with the advent of electronic and hydrogen vehicles, it is estimated diesel engines will still dominate the commercial vehicle market due to factors such as durability, reliability, and low-cost operation. According to a report by IHS Markit, by 2040, 60% of new medium and heavy commercial vehicles sold in the United States will still be fueled by diesel.

Environmental Pressures

After the coronavirus pandemic passes and with president-elect Biden campaigning on a pro-environment platform, greater air pollution restrictions are likely to be enacted in 2021.

Reductions in carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter (PM) are keys to cleaner diesel engines and dynaCERT’s technology can help lower these toxic emissions.

Two Hundred Million Dollar Market Cap – Billion Dollar Opportunity

In November 2019, famous Canadian mining investor Eric Sprott made his first significant CleanTech investment by investing $14 million in dynaCERT.

With a market cap of only C$205 million and the current billion-dollar size of the market, there is still plenty of upside for dynaCERT’s stock price. The analyst’s estimate target price is C$2.20, which represents a potential return of over 300%.

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Quebec’s $6.7 billion Plan for a Green Economy is a huge boost for energy storage and EVs

While Quebec Canada is known for its French influence and pro-mining sector, it is starting to become well known for its support for pro-green policies. Just recently the Quebec Government announced their $6.7 billion Plan for a Green Economy (2030 PGE).

As a part of the 2030 PGE, two of the most interesting announcements were Hydro-Quebec’s move towards energy storage and Quebec’s decision to ban the sale of new gasoline-powered cars from 2035. All of these recent Quebec pro-green policies are very positive for the energy storage, EV and battery markets; and also for the battery metal (and EV metal) miners; especially those with projects in Quebec.

A summary of the Quebec Government’s $6.7 billion Plan for a Green Economy (2030 PGE)

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Hydro-Québec’s move towards energy storage using LFP batteries

On December 9, 2020, it was reported that Hydro-Québec announced the launching of a new subsidiary that specializes in energy storage systems in a bid to help speed up development of renewable power and commercialize technology it has developed over four decades.

A Reuters report quotes: “Hydro-Québec, Canada’s largest electricity producer, on Wednesday entered the fast-growing market for storing renewable energy, where it could face competition from the likes of Tesla……Hydro-Québec aims to capture 10% of a niche market expected to reach $3 billion in the next 10 years.”

Hydro-Quebec’s new EVLO subsidiary will design, sell and operate storage systems aimed at other utilities, commercial and industrial markets for medium-and-large-scale storage. They intend to initially focus on North America and Europe.

Hydro-Québec is using lithium iron phosphate batteries (LFP). LFP battery is a type of lithium-ion battery using LiFePO₄ as the cathode material, and a graphite based anode. It means there is no use of nickel or cobalt, but still uses lithium and graphite.

Quebec to ban the sale of new gasoline-powered cars from 2035

The Quebec banning of ‘new’ gasoline cars from 2035 should mean that starting from 2035, 100% of new car buyers will buy electric vehicles (EVs). Of course EVs will be wildly popular well before then, especially post 2023 when they should hit purchase price parity with gasoline or diesel cars.

The Quebec Government stated: “….the 2030 Plan for a Green Economy (2030 PGE) along with its first implementation plan covering 2021-2026, backed by a budget of $6.7 billion over five years. The magnitude of the amounts earmarked for this electrification and climate change framework policy is indicative of the government’s intent to make Québec a leader in the green economy by building on its major strength: its clean electricity.”

Again this is another huge boost to the EV & battery manufacturers as well as the EV and battery metal miners. In the case of EVs, NMC (nickel, manganese, and cobalt) and NCA (nickel, cobalt, and aluminum) cathode batteries are currently the most popular in western markets as they offer the best energy densities. Lithium electrolyte and graphite based anodes are the usual other battery metals. Added to this would be the producers of rare earths neodymium-praseodymium (NdPr) used in EV motors. We should also add in copper as copper is integrally involved with clean energy and EVs. Finally, any companies that work in renewable energy and in particular emissions reductions.

Some potential winners from Quebec’s support for energy storage and EVs

  • Hydro-Quebec as an energy storage designer, seller and operator. Also their suppliers of LFP batteries.
  • Potentially any Quebec based cathode, anode or battery manufacturers and/or EV manufacturers.
  • Quebec based battery metal miners – Lithium, cobalt, nickel, manganese, graphite, and aluminum.
  • Energy storage and EV suppliers and miners, ideally in Canada and perhaps USA.
  • Companies working in the pro-green economy sector.

Some companies that we follow at InvestorIntel that focus on the above areas include: Appia Energy Corp. (CSE: API | OTCQB: APAAF), Avalon Advanced Materials Inc. (TSX: AVL | OTCQB: AVLNF), Canada Silver Cobalt Works Inc. (TSXV: CCW | OTCQB: CCWOF), CBLT Inc. (TSXV: CBLT), Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF), dynaCERT Inc. (TSX: DYA | OTCQX: DYFSF), Exro Technologies Inc. (TSXV: EXRO | OTCQB: EXROF), Global Energy Metals Corporation (TSXV: GEMC | OTCQB: GBLEF), Ideanomics Inc. (NASDAQ: IDEX), Imperial Mining Group Ltd. (TSXV: IPG), Kodiak Copper Corp. (TSXV: KDK), Nano One Materials Corp. (TSXV: NNO), Neo Lithium Corp. (TSXV: NLC | OTCQX: NTTHF), Neo Performance Materials Inc. (TSX: NEO), Nouveau Monde Graphite Inc. (TSXV: NOU | OTCQX: NMGRF), Search Minerals Inc. (TSXV: SMY), Vital Metals Limited (ASX: VML), and ZEN Graphene Solutions Ltd. (TSXV: ZEN).

Quebec Canada is supporting energy storage and electric vehicles etc with a $6.7 billion plan for a green economy

If you are a Quebec or Canadian company focused on the green energy sector then InvestorIntel would be happy to hear from you to see if we can get your company some greater exposure. Together we can make a better world.




Green policies all point in the same direction, follow the copper…

The global economic superpowers USA, China, Europe and UK are now, for the first time ever, all aligned with leaders strongly supporting green policies. This combined with a lack of new copper supply is looking to be the beginning of a multi-year bull market for copper.

The main drivers for new copper demand will be supporting solar, wind, energy storage systems, electric vehicles (EVs) and EV charging stations. An average gasoline powered car uses only about 20kg of copper, mainly as wiring. A hybrid car uses about 40 kg and a fully electric car uses roughly 80kg of copper. Added to this is about 20kg for each charging point. So all up a fully electric car uses 5 times more copper than a conventional gasoline car.

Copper is set to power the green renewable energy boom including EVs

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Goldman Sachs has only just put out a bullish note on copper stating: “Copper’s current price strength is just the first leg of a structural bull market.” Goldman sees “resurgent demand and capped supplies” leading to higher copper prices. Seeking Alpha quotes the report stating:

“The copper market should head into 2021 facing the tightest market conditions in a decade owing to a substantial deficit, followed by continued tight markets into 2022 and 2023, Goldman says, adding it is “highly probable” that copper will test the 2011 record high $10,170/mt by H1 2022.” The US$10,170/mt works out to be US$4.61/lb.

Goldman Sachs H1 2022 copper price target is 10,170/mt or US$4.61/lb

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The following initiatives have strong potential to support copper in the next few years if successfully implemented:

  • USA – The Biden ‘$2 trillion green infrastructure and jobs plan‘ over his first term in office. Biden plans for the US to rejoin the Paris agreement, and he wants to ensure the U.S. has a carbon pollution-free power sector by 2035. That would be a huge boost for solar and wind energy as well as energy storage. Biden also plans to strongly support electric vehicles (EVs) including adding at least 500,000 more charging stations. All of this requires a lot more copper.
  • China – China is already strongly promoting a shift towards solar and wind energy and recently announced a goal to be carbon neutral before 2060. In other recent news out of China regarding a shift away from conventional cars a report stated: By 2035, “50% are to be “new-energy” vehicles — electric, plug-in hybrid or fuel cell-powered. The other half are to be hybrids.” Again all of this is extremely bullish for copper demand this decade.
  • Europe – The ‘European Green Deal’ aims for the EU to be climate neutral by 2050. Furthermore there are huge new subsidies in Germany and France as well as strict new EU emissions caps pushing consumers towards EVs. These are already working as we saw in October 2020 with European electric car sales reaching 13% market share and Germany electric car sales reaching a staggering 18% share. Even better was Norway at 88% market share for electric cars, as they plan to ban new internal combustion engine (ICE) vehicles by 2025.
  • UK – ‘U.K.’s green plan’ backs 250,000 jobs and bans the sale of new gas and diesel cars from 2030. The government will back investment in electric vehicles, hydrogen, wind and nuclear power, and measures to make homes more energy efficient. The UK plans to quadruple U.K. offshore wind energy production.

If that wasn’t enough, consider that in 2020 electric vehicle sales have thrived while conventional car sales have fallen significantly. This is expected to accelerate this decade as electric vehicles get cheaper and reach purchase price parity by 2023.

Even Volkswagen CEO Herbert Diess recently stated (regarding switching to electric car production and sales): “If you’re not fast enough, you’re not going to survive.”

Bloomberg forecasts electric vehicle sales to surge as conventional car sales fall away from now to at least 2040

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Investors have three main options for investing into the copper boom:

  1. Buy a fund that tracks the physical copper prices. This gives no exposure to the copper miners and usually no leverage unless you buy a leveraged physical copper fund. One example of a copper fund is the iPath Series B Bloomberg Copper Subindex Total Return ETN (ARCA:JJC).
  2. Buy into a copper miners ETF. One good example is the Global X Copper Miners ETF (COPX). This is an option for investors wanting to simply invest in a group of the top tier copper miners globally. This would include top holding such as First Quantum (TSX: FM), Vedanta ADR (VEDL), Zijin Mining (HK: 2899), Freeport-McMoRan (FCX), Lundin mining (TSX: LUN), Glencore (LON:GLEN) and so on.
  3. Buy into individual copper miners. This option typically gives the greatest reward, but also takes on the greatest risk. Copper miners are leveraged to the copper price so those that achieve good results will typically given returns much larger than just the copper price gain.

Closing remarks

In some future articles I will take a look at some promising junior copper miners that have the potential to do very well if the copper price continues to climb, as now appears highly likely with the green energy and electric vehicles booms accelerating in the major global economies (USA, China, Europe, and UK) all at once for the first time ever.

InvestorIntel is always happy to hear from readers and industry players with ideas on who might be the next copper miner winners.




Tony Sklar of Ideanomics talks about investment opportunities in commercial EV financing platforms

In a recent InvestorIntel interview, Peter Clausi talks to Tony Sklar, Senior VP, Communications of Ideanomics, Inc. (NASDAQ: IDEX) about their commercial electric vehicle enablement platform, specializing in electric fleet management, from finance to purchase to maintenance to end of life.

“We have a business model that is sales to financing to charging”, explains Tony Sklar. “We will get you the best commercial electric vehicle at the best financial floated price. And we will get you the best pre-paid charging to get your fleet up and running as soon as possible.”

Commercial EV fleets are very different from the retail electric vehicle market, Sklar told Clausi. Most of the value of an electric vehicle is in the battery, and since electric vehicle batteries degrade over time, “how do you finance something that doesn’t have a residual value?” This particularly a problem for companies looking to finance an entire fleet of commercial electric vehicles. “What do you do when the battery diminishes?” Sklar asked. “These are the questions that the rest of the ecosystem hasn’t answered. Enter, Ideanomics.”

In this InvestorIntel interview, which can also be viewed on YouTube, Sklar explains that in order to maintain and finance a fleet of commercial electric vehicles there needs to be a pool of liquidity available to operators. “This is all very brand new,” he said, and these “liquidity pools” have only just started to be set up “thanks to Ideanomics and our Executive Chairman Dr. Bruno Wu, who has been kicking in doors and making waves to get these things, and the rest of the world hasn’t caught up.”

Tony Sklar explained that Ideanomics is a services platform. “We participate in the sales, in the financing, and the charging [of commercial EV fleets], and we take our slices along the way.” And because Ideanomics is a services platform and not wedded to any single technology, Sklar says it is “a great opportunity for investors to participate in the upside of EV without the risk of a single battery or a single vehicle.”

To watch the full interview, click here.

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Disclaimer: Ideanomics, Inc. is an advertorial member of InvestorIntel Corp.




Nano One’s Dan Blondal talks about their unique high-voltage cobalt-free battery and many partnerships

In a recent InvestorIntel interview, Peter Clausi talks to Dan Blondal, CEO, Director & Founder of Nano One Materials Corp. (TSXV: NNO) about their recent news about their unique high-voltage cobalt-free battery. Dan Blondal explains how their breakthrough LNM material, also known as high voltage spinel, is a cobalt-free, low-cost cathode material that provides improved efficiency, thermal management and power.

“Our process is to develop the processes for making these cathode materials,” Dan Blondal says in the interview, “the cathode materials themselves, batteries that use the cathode materials, and then license that technology, or joint venture with partners on manufacturing.” He went on to explain how Nano One’s LNM cathode is a leading candidate for next generation lithium-ion and solid-state batteries because its durability and dimensional stability enable a stable interface.

In this InvestorIntel interview, which may also be viewed on YouTube, Dan went on to say “Our DNA is in process innovation,” he continued, “and we look to partner with people who understand how to control supply chain” as well as “understand manufacturing and have the supply channels.”

Asked about partnerships, Dan said: “We have about 20 groups were are actively working with.” They include the Asian development partner announced this August. “Volkswagen is one of our announced partners, but we are also working with a bunch of their peers.” These partners and opportunities are “a big part of the story, and my job is to convert those into real and meaningful deals.”

To watch the full interview, click here.

YouTube (click here to subscribe to the InvestorIntel Channel),

To learn more about Nano One Inc., click here

Disclaimer: Nano One Materials Corp. is an advertorial member of InvestorIntel Corp.




Battery metals influencer Mitchell Smith on lithium-ion batteries, Tesla’s GigaFactory and GEMC

In a recent InvestorIntel interview, Peter Clausi speaks with Mitchell Smith, President, CEO and Director of Global Energy Metals Corp. (TSXV: GEMC | OTCQB: GBLEF) (‘GEMC’), about the acquisition of an 85% interest in the Lovelock Mine and Treasure Box Projects located on the doorstep of the world’s largest lithium-ion battery production plant, the Gigafactory One that Tesla Motors Ltd. and partner Panasonic Corp. have built in Nevada, USA.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Mitchell started by saying that the COVID-19 pandemic “has highlighted the importance to regionalize supply and localization of new supply chain of critical minerals.” Mitchell, who was recently ranked as one of the top influencers in the battery minerals sector, continued by saying that the projects have very high grades of nickel, cobalt and copper deposit and have historically produced materials grading 14% cobalt and 12% nickel. He added, “because of fragmented ownership the projects were never explored using modern technique.”

To watch the full interview, click here

Global Energy Metals Corp.

Global Energy Metals is focused on offering investment exposure to the raw materials deemed critical for the growing rechargeable battery market, by building a diversified global portfolio of battery mineral assets including project stakes and sector specific equity positions. GEMC anticipates growing its business through the acquisition and development of battery mineral projects alongside key strategic partners. The Company holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mount Isa, Australia positioning it as a leading cobalt-copper explorer and developer in the famed mining district in Queensland, Australia. The Company has acquired 85% interest in two battery mineral projects, the Lovelock Cobalt Mine and Treasure Box Project. Additionally, the Company holds a 70% interest in the past-producing Werner Lake Cobalt Mine project in Ontario, Canada.

To learn more about Global Energy Metals Corp., click here

Disclaimer: Global Energy Metals Corp. is an advertorial member of InvestorIntel Corp.




As the EV boom accelerates here are some smaller EV stocks with a chance to follow in Tesla’s footsteps

The second half of 2020 has seen a tremendous boost in electric vehicle (EV) sales globally. For example, in September 2020 we saw record global electric car sales, up 91% YoY, with 4.9% market share (3.4% YTD). Europe sales surged 166% YoY reaching 12% market share and China sales rose 66% YoY reaching 6.3% market share. Along with booming EV sales we had Tesla (NASDAQ: TSLA) Battery Day where Tesla shocked the world announcing plans to have a US$25,000 electric car by 3 years (2023) and to be selling 20 million EVs pa by 2030. Finally just yesterday the UK announced a ban on all new gasoline and diesel cars from 2030.

With so much good news it is not surprising we have seen a surge in new EV listings and EV stock prices. With Tesla now at a market cap of US$461 billion, many investors are searching for the next Tesla, or even the next BYD Co. (OTC: BYDDF). With this in mind I briefly discuss 11 smaller and newer EV companies with potential to follow to some degree in Tesla’s footsteps.

Arcimoto Inc. (NASDAQ: FUV)

Arcimoto is an American electric vehicle company that manufactures three-wheeled electric vehicles. Their platform product is called the ‘Fun Utility Vehicle’, or FUV. It is a tandem two-seat EV with a top speed around 75kms per hour. Arcimoto’s vehicles are affordable, ultra efficient, small-footprint electric vehicles. Arcimoto is targeting those who want a fun city EV, as well as the deliveries and fleet sectors with their ‘deliverator’ and ‘rapid responder’ tricycle. Arcimoto is currently undergoing a study by Munro & Associates to see how they can better achieve efficient high production volume. Recently Arcimoto and the City of Orlando launched a joint Municipal Pilot Program to test ultra-efficient EVs in city fleets. Their current market cap is US$300M.

Arcimoto’s 3 wheel all-electric Fun Utility Vehicle (FUV)

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AYRO Inc. (NASDAQ: AYRO)

AYRO is based in Texas, USA and designs and manufactures compact, ‘purpose-built’, low speed electric vehicles ideally for urban and short-haul markets. AYRO’s EVs are great for fleets used on university and corporate campuses, for commercial and urban delivery, and other low speed/short haul applications. Their current market cap is US$103M.

Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

ElectraMeccanica Vehicles is a Canadian manufacturer of all-electric three-wheelers. The difference to Arcimoto is that their EV is designed for a ‘single’ (solo) driver, as most of our car travel is done alone. Their current market cap is US$537M.

Fisker Inc. (NYSE: FSR)

Fisker Inc. is a California based EV company with plans to be the world’s first digital electric car company, sitting in the ‘premium affordable’ category. Their first car, the Fisker Ocean, was the most awarded new automobile at CES 2020 and is planned to be in production by Q4 2022. Fisker recently struck an agreement with contract car manufacturer Magna International to produce the Fisker Ocean in Austria. Fisker is targeting initial sales of 8,000 EVs in 2022, 51,000 in 2023, and 175,000 in 2024. Their current market cap is US$4.72 billion.

Fisker Ocean SUV due out by Q4 2022

Source: Fisker

Hyliion Holdings Corp. (NYSE: HYLN)

Hyliion stands for ‘hybrid lithium ion”. Hyliion, based in Texas USA, is focused on electric trucks, mostly class 8 commercial vehicles (semis). Their EVs are a hybrid that combines a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery. Their Hypertruck ERX will provide more than 1,000 miles of range. Their current market cap is US$3.8 billion.

Lordstown Motors Corp. (NASDAQ: RIDE)

Lordstown Motors Corp. is based in Ohio, USA. Lordstown builds electric pickup trucks and other vehicles to revolutionize the way work gets done. Lordstown Motors unveiled their all-electric Endurance pickup truck in June and have received 27,000 orders from mainly commercial fleet customers. GM is an investor into Lordstown Motors. Their current market cap is US$4.54 billion.

Nikola Corp. (NASDAQ: NKLA)

Nikola is an American hybrid truck company based in Phoenix, Arizona. Nikola offers both battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEV). Nikola has had a series of talks with General Motors (GM) regarding manufacturing their Nikola Badger electric pickup truck. Their current market cap is US$9.76 billion.

Nikola Badger

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Workhorse Group (NASDAQ: WKHS)

Workhorse Group is an American manufacturing company focused on manufacturing electrically powered ‘delivery and utility’ vehicles. Their current market cap is US$2.75 billion.

The top tier Chinese smaller and newer EV companies

  • Li Auto Inc. (NASDAQ: LI) – Li Auto’s sport-utility vehicle model Li ONE allows drivers to charge their cars with electricity and/or gasoline, a technology called extended range electric vehicle (EREV). Market cap is US$29.7 billion.
  • Nio Inc. (NYSE: NIO) – Nio’s focus is on all-electric, luxury, smart, and autonomous vehicles. Nio currently sells 3 luxury EVs – es8, es6, and ec6. Nio’s sales have been rapidly growing in recent months reaching 4,708 vehicles in the month of September 2020. Market cap is US$61.4 billion.
  • XPeng (NYSE: XPEV) – XPeng makes smart EVs that offer advanced internet, AI and autonomous driving technologies. XPeng has two models the G3 SUV and the P7 sedan. XPeng’s sales have been rapidly rising the last few months reaching 3,478 vehicles in the month of September 2020. XPeng has a new factory soon to be built, which once complete will lift their capacity to 250,000 EVs pa. XPeng is backed by Alibaba. Market cap is US$30.99 billion.

The XPeng G3 SUV

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All of the companies discussed in this article are pure play newer EV companies that are rapidly growing, and in many cases, gaining market share. As the EV boom accelerates these smaller EV companies have the potential to do very well, boosted by a massive switch to EVs as consumers come to see the enormous benefits. By 2023 EVs should be purchase price competitive with regular gasoline cars, but 5-10x cheaper to run and maintain.

Many of these EV companies have seen their stock prices rise dramatically the past 6 months, so investors need to use some caution and to do their own due diligence. One strategy can be to buy on dips or accumulate over time.

The EV future looks increasingly bright as more and more consumers choose EVs, boosted each year by cheaper EV prices, and with many Governments now supporting the sector. Will any of these newer names become the next Tesla, I cannot say. What I can say is that there is still plenty of potential for others to follow in Tesla’s footsteps, especially as we are just in the beginning stage of what most certainly looks to be a boom decade ahead for EVs.

Disclosure: The author is long Tesla, BYD Co, Fisker Inc., XPeng, and Arcimoto.