2023 Electric Car Predictions Spell Trouble for Tesla

It was in 2016 that the global EV market hit the 1 million mark. Four years later, in 2020, we hit the 10 million mark. And here’s where it gets really interesting… [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy 2023 Electric Car Predictions Spell Trouble for Tesla Jeff Siegel | Dec 29, 2022 In 2007, I made a prediction about electric vehicles that didn’t pan out. That prediction? In 15 years, global sales for electric vehicles would hit 1 million. Boy, was I way off base on that one. Global EV sales actually hit 1 million a lot sooner than I expected. It was in 2016 that the global EV market hit the 1 million mark. Four years later, in 2020, we hit the 10 million mark. And here’s where it gets really interesting… Just two years later, global EV sales in 2022 are expected to clock in at around 10.6 million. This is a very big deal, and 2023 will be no slouch either. Between hundreds of millions of dollars in new tax incentives in nearly a dozen countries, including the U.S. and China, and 25 countries with mandates in place to phase out the sale of internal combustion vehicles, there will be no shortage of buyers in 2023. As a side note, the state of California also has a mandate in place to phase out electric cars. While California may not be its own country, it does boast the fifth-largest economy in the world. The Biggest Event in Our Company’s History For a limited time, we’re reopening access to the most popular presentation we’ve ever produced. Hosted by biotech expert Keith Kohl, this [urgent presentation]( shows you how to capture your slice of the $1.6 trillion global pharmaceutical market... And how to set yourself up for huge potential profits every single month as the FDA approves an unprecedented amount of new drugs. Over 10,000 people have viewed [the presentation]([...]( and we may have to take it down again soon... But as of right now, you can still get access. [Click here to tune in NOW.]( Although I’m not singing the praises of government intervention — I oppose it completely — these new government initiatives are absolutely going to give the electric vehicle market a shot of steroids next year, and this should not be ignored out of spite. The bottom line is that the future of transportation is electric. Criticize it if you want, but make sure you profit from it too. Current analysis from Bloomberg New Energy Finance indicates that by 2030, more than half of all new vehicle sales in the U.S. will be electric. And Morgan Stanley projections indicate that globally, electric vehicles sales will surpass those of internal combustion vehicles by 2038. I actually think it’ll be sooner based on the continued rapid growth of the market in China, the U.S., and the EU. This is happening. Of course, as you can imagine, I’ve pored through every EV prediction out there, and most of the predictions I’ve seen are not surprising, particularly in regard to new sales numbers. However, there was one interesting comment in a prediction piece that I thought was worth sharing. This comes from auto analyst Scott Case, who writes: We’ll see an increase in the rate of ICE vehicle leasing (vs. outright purchasing) as the fear of trying to resell an ICE car in five–seven years starts to creep into new car buyers’ minds. No one wants to be the last person selling an ICE car when there’s no buyers. I found this particularly interesting because it suggests that the tipping point in the transition away from internal combustion to vehicle electrification is underway. In other words, the proliferation of electric vehicles has been so rapid — indeed, it’s nearly impossible to drive anywhere without seeing one these days — that consumers now see electric vehicles not as toys for the rich but simply the next evolution of cars. Of course, it goes well beyond cars too. $6 Billion in Funding Going to a Single Company? Biden has been dishing out funding as if these are his last days on Earth. He’s handed out more than $2 trillion in funding during his first few years in office. One of his biggest goals is to develop the future of energy. Shockingly, it has nothing to do with fossil fuels OR renewables. A full $6 billion is headed to an industry dominated by one tiny Virginia-based company. A few critical patent approvals means very few others are on the shortlist. And early investors in this game-changing technology could reap a massive windfall. [You need to immediately check this one out for yourself.]( As you know, I continue to scream from the rooftops to get some exposure to the electric bus market, which Bloomberg reports will exceed the growth rate of electric passenger cars because in almost all charging configurations, electric buses have a lower total cost of ownership than conventional municipal buses. Globally, the electric bus market is expected to grow from 78,240 units in 2021 to 1,383,480 units by 2029, representing a CAGR of 43.2% (2022–2029). This exceeds the CAGR of the light passenger electric vehicle market. For energy investors, this is particularly good news as finding the right electric bus stock to buy is insanely easy. There’s really only one pure play in the space, and it’s been crushing it on revenue while adding market share at a record pace. [You can read more about that company here.]( And as for my EV predictions for 2023, they're pretty simple: - Total global EV sales will clock in at 15.8 million. - Tesla (NASDAQ: TSLA) will continue to own a large chunk of the market but will lose additional market share to BYD (OTCBB: BYDDF), GM (NYSE: GM), Ford (NYSE: F), and Hyundai (OTCBB: HYMTF). - The electric bus market will grow significantly faster than the light duty passenger vehicle market. And if you don’t believe it, [just]([look at the numbers for yourself](. To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( [icymi eac] Biden's New Law Could Turn EVs Into a Megatrend in 2023 The Inflation Reduction Act is about to launch electric vehicles into an all-out megatrend... Because thanks to this law, millions of Americans now qualify for up to $7,500 in tax credits when buying an electric vehicle. But that’s not all the Inflation Reduction Act is doing to build a booming EV space. It’s also releasing over $11 billion to build out America’s EV infrastructure, like installing public charging stations and providing the U.S Postal Service with electric carriers. What we’re witnessing could lead to the height of this generation’s electric vehicle era... [So while there’s still time, I’m directing my readers to an unknown EV firm that’s been dominating the market in plain sight.]( It’s sold over 1,300 electric vehicles to over 135 agencies across the U.S. and Canada... Its technology has been proven through over 20 million service miles... And it recently shattered the world record for longest EV distance ever driven! You can pick up shares of this company for under $5 right now, but not for long... Because soon enough, you'll spot EVs with this company’s logo all over the world as more countries transition to EVs. [And while there’s still time, early investors like yourself stand to position themselves to make a killing in the coming months.]( [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).