Another Reason to Invest in Electric Buses
This would never fly in the U.S.
At least not on a national scale.
But in Europe, it's official...
Earlier this week, the EU approved a law that will ban the sale of all new internal combustion vehicles starting in 2035.
This doesn't mean those who already own internal combustion vehicles by 2035 will have to give them up. But after 2035, all car buyers in the EU will only have the opportunity to buy a zero-emissions vehicle, which basically means electric.
This is the part of the EU approval that got the most attention this week.
But buried within the details of that approval, there's one interesting thing that stands out...
Something that, as investors, we need to pay close attention to.
You see, not only is the EU planning to phase out the sale of electric passenger cars by 2035, but it's also now requiring all city buses to meet zero-emissions standards by 2030.
Folks, that's just seven years away.
And believe me, those seven years will fly by.
That's why I'm wasting no time capitalizing on the rapid growth of the electric bus market in the EU...
A market that was already growing like wildfire, by the way, and is now about to get another shot of steroids.
The EU already has protocols in place that require local authorities to ensure at least 25% of all new buses purchased be electric by 2025.
So to get to 100% by 2030 is a lofty goal to be sure, and one that might not even be met.
But you better believe they're going to try.The Best Free Investment You'll Ever Make Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
The same is true in the U.S., where the school bus market in particular is getting a huge boost.
Check it out:
New Jersey is ponying up $45 million for electric school buses.Connecticut has set up a $20 million grant program for electric buses and has a mandate that requires all school buses to be electric by 2040. Maryland has been quite aggressive, with a requirement that all new school bus purchases must be electric by 2025. That's just two years away.California set aside $1.5 billion to create a zero-emission school bus program and is expected to require all new school bus purchases to be electric by 2035.New York is ponying up $500 million in environmental bonds to help school districts transition their bus fleets to electric, and a mandate is in place that requires all new school bus purchases to be electric by 2035.And you can rest assured that there will be more states instituting similar mandates, goals, and subsidies to transition these buses to electric.
Now, whether or not you're keen on electric buses isn't the point of this article.
The point of this article is simply to show you that there's a huge opportunity to make a boatload of cash by getting some exposure to the electric bus market, particularly in the EU and the U.S.
That's why I've been screaming from the rooftops to buy shares of this electric bus manufacturer.
It's one of the most successful and fastest-growing electric bus manufacturers in the world.
It earns hundreds of millions of dollars in revenue, has enjoyed a CAGR in excess of 45% from 2017 to 2021 (2022 numbers aren't in yet), and has $400 million in cash and cash equivalents.
The company also makes the charging infrastructure, batteries, and battery components for its buses, as well as other global bus and commercial truck manufacturers.
To put it simply, this is a no-brainer.
And if you don't believe me, just look at the numbers for yourself.
To a new way of life and a new generation of wealth... Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page.