More than a century ago, governments in the United States and Europe decided to pave over dirt roads. They knew that many citizens would soon be driving automobiles and would soon sour on bumpy, rutted dirt paths. Now, a similar move is afoot. A wide range of incentives are being enacted to enable a smooth transition to the age of the electric car. Luckily for patient investors, the companies that stand to benefit from the coming e-car revolution have already fallen out of favor, and their share prices stand near all-time lows. Putting the Pieces in Place… Read More
More than a century ago, governments in the United States and Europe decided to pave over dirt roads. They knew that many citizens would soon be driving automobiles and would soon sour on bumpy, rutted dirt paths. Now, a similar move is afoot. A wide range of incentives are being enacted to enable a smooth transition to the age of the electric car. Luckily for patient investors, the companies that stand to benefit from the coming e-car revolution have already fallen out of favor, and their share prices stand near all-time lows. Putting the Pieces in Place A number of auto makers have announced plans to sell electric and hybrid cars and trucks that utilize lithium-ion batteries. Toyota’s (NYSE: TM) popular Prius uses older heavier battery packs, but many of the planned cars will have driving ranges of less than 100 miles. So consumers will need access to frequent and convenient recharging stations. The U.S. House and the Senate have released separate bills that would provide millions of dollars to a handful of select cities that install a network of charging stations. The regions chosen will likely be the first ones to see robust… Read More