Solar-Powered Electric Cars Have Finally Arrived
Last week, Tesla (NASDAQ: TSLA) launched a new plan that lets EV drivers "charge on solar."
The idea is that Tesla owners can charge their vehicles using only excess solar energy produced by a Tesla solar system. You simply use the Tesla app to set "Charge on Solar," and your vehicle will charge using extra solar energy.
It's a great idea...
If you can not only afford a Tesla but also a Tesla solar power system and a Tesla Powerwall. Absent the vehicle itself, that'll run you anywhere between $21,000 and $36,400.
Don't get me wrong I've seen these solar power and battery setups, and they're incredibly impressive. Having the ability to charge your EV within the structure of Tesla's solar power systems can serve as a valuable asset.
But the fact is most folks can't afford a Tesla power system, let alone an actual Tesla itself.
That being said, this doesn't mean you can't charge your EV using nothing but solar power.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.
In fact, there's a new EV coming to market at the end of the year that comes with an embedded solar power system on the roof of the car that can actually allow you to charge your vehicle while you're driving it.
The vehicle is called the Aptera, and not only can it recharge while you're driving it (or when it's parked outside), but it can even deliver an all-electric driving range of 1,000 miles.
Full disclosure, though: That 1,000-mile range does not come solely from solar. It does have to be charged from a home outlet or public charging station too.
Still, 1,000 miles from a combination of traditional charging and an operational solar roof is nothing to sneeze at.
But what's particularly interesting about this vehicle is not the range or the solar roof but the company that manufactures the solar cells and panels that are embedded in the vehicle.
You see, until recently, there simply hadn't been any solar technology powerful and durable enough to "fuel" an actual car.
It hadn't been for lack of trying.
Tesla took a stab at this a few years back, as did Toyota.
But they kept running into the same problem...
The solar technology necessary to power a vehicle simply did not exist.
That, of course, has changed, thanks to a Singapore-based solar company that cracked the code on powering a new generation of electric vehicles with nothing but solar.
And now that this technology has been proven in the new Aptera electric vehicle, other automakers that have been searching for a way to power their new electric vehicle lineups can finally do it too. And I'm talking about the big dogs: Toyota, GM, Ford, Hyundai, and Tesla.
These five companies alone have a combined market cap of $1.16 trillion and there's only one company that currently has the technology to turn plug-in electric vehicles into solar-powered electric vehicles.
Make no mistake: This is game-changer of epic proportions, and you better believe we're getting some of this action for ourselves.
You see, this single solar technology company powering a new generation of electric vehicles is publicly traded. It's actually trading at a slight discount at the moment, and you can buy shares of it right now.
But before you do, I would encourage you to check out this special report we put together that shows you exactly how these solar-powered vehicles work, and, of course, the name and ticker symbol of the company that will be responsible for turning every new electric car into a solar-powered electric car.
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.
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