Joe Biden is sparking a new EV boom.
The new president plans to replace American government-owned vehicles with new electric vehicles
The move could spark huge demand for new EV batteries. That’s especially true for these next-generation lithium ion batteries that can be fully charged in 15-minutes.
“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America, by American workers,” explained President Biden.
The U.S. federal government owns 650,000 vehicles. And these vehicles travel over 4.5 billion miles per year.
Biden plans to replace these gasoline-powered cars with EVs, which will help power the EV boom.
American companies are already 100% onboard with the EV boom.
Ford (NYSE: F) plans to invest $11 billion introducing new EVs in the coming years.
Plus, General Motors (NYSE: GM) expects to spend $27 billion on electric and autonomous vehicles through 2025.
Meanwhile, shares of Tesla Motors (NASDAQ: TSLA) shot up approximately 724% in 2020. And that’s based upon the huge excitement regarding electric vehicles.
Now, I’m not about to chase Tesla stock at +$800 per share.
That’s why I’m focusing my research on new EV stocks that are quietly preparing to go public.
My research has already uncovered these three undiscovered EV stocks that are preparing to IPO.
- Next-generation EV battery stock whose battery can be 100% charged in 15 minutes.
- State-of-the-art lidar company that could be inside the new Apple iCar.
- Maker of a new +$100k EV that could compete with the Tesla Model S.
One of these stocks could surge 460%, based upon my price target estimate.
This EV boom is happening right now. And undiscovered Pre-IPOs could be among the best ways to invest in this growth sector.
Yours in Wealth,
Full Disclosure: Ian Wyatt currently owns shares of Apple.