General Motors (NYSE: GM) just made a massive bet…
Increasing spending on electric and autonomous vehicles to $35 BILLION through 2025.
It’s all part of GM’s plan to sell over 1 million EVs every year by 2025.
There’s a dramatic rise in EV production efforts across the entire automaker industry.
And lithium-ion batteries will be one of the keys that makes this shift possible.
To get a sense of how fast this EV boom is happening, consider GM’s plans in early 2020.
GM initially planned to spend only $20 billion on EVs and AVs by 2025.
And now they’re planning to invest a total of $35 billion through the same timeframe.
This move almost DOUBLES their budget for electric vehicles (EVs) and autonomous vehicles (AVs).
Bear in mind… that shift took place over just ONE year.
And excitement is increasing among American consumers too.
GM’s CEO Mary Barra said:
“Across the board, we are seeing exceptionally strong reactions and positive response to all of our electric vehicles.”
(One new American company could help fuel massive EV growth – go here for details.)
Tesla Inc. (NASDAQ: TSLA) is currently still the leading EV producer in America.
But GM will prove to be one of the biggest challengers to Tesla in the years to come.
Recently, GM has announced they are rolling out at least 30 new kinds of EV by 2025.
Along with increased EV production, GM plans to build TWO additional brand-new battery plants. Giving them even more power over their supply chain.
And their moves are being noticed by Wall Street too.
GM share prices are up almost THREE times what they were around this time last year.
But it’s not just GM sending out warning signals to Tesla.
Other auto companies are fighting to join in on the EV boom too.
Ford Motor Company (NYSE: F) just increased their spending on EVs to over $30 billion by 2025.
And they’re planning to have 40% of their vehicles be electric by 2030.
Despite the rapid growth of EVs, there’s one overlooked part of the story…
That could bring the demise of EVs and AVs in an instant.
Without enough lithium-ion batteries, these vehicles won’t work.
And we’re facing a full-blown lithium shortage in the United States.
If a solution doesn’t appear soon, Tesla, Ford, and GM could see their EV production come to a complete stop.
That’s why I’m so excited about a little-known lithium company based in Nevada.
They’ve recently purchased land next to the only working lithium mine in the U.S…
And could be sitting on a huge lithium discovery!
Up until June 23rd, you’ve got a chance to claim “founding investor shares” of this company for under $1.00.
And according to my price target, this lithium play could skyrocket 985%!
This company could help save the automakers in this EV boom.
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