Google’s parent company Alphabet Inc (NASDAQ: GOOGL) is working on a top-secret project…
With the aim to revolutionize the transportation industry.
It’s their self-driving car company, Waymo. They just raised $2.5 BILLION in their most recent funding round.
Waymo’s not alone, either.
Estimates suggest that 95% of American passenger miles will be driven by autonomous vehicles (AVs)—by 2030.
There’s one big key to making this driverless transition possible:
EVs and AVs will need a large supply of lithium-ion batteries to power this revolution.
And one American-based lithium company could be the hero of this new age of transportation.
Waymo is valued at over $30 billion, and offers a driverless robo-taxi service in Phoenix, Arizona.
In late 2020, Waymo expanded its service to the public. Making it possible to catch a ride WITHOUT a driver.
You can book and hail a ride through Google Maps. And a self-driving car will pick you up and take you to your destination.
Waymo has already driven over 20 BILLION real and simulated miles without a driver.
That’s where their tagline “The World’s Most Experienced Driver” comes from.
The technology behind these autonomous vehicles grows smarter with every mile driven.
And rides will only get safer and more affordable as Waymo and other AV companies grow.
Now, there’s one very important question to ask here:
Is it even SAFE to have technology in the driver’s seat?
The answer may surprise you.
You see, around 1.35 million people die in vehicle crashes every year.
But 94% of car accidents involve HUMAN error.
By taking humans out of the equation, we’d potentially cut 94% of vehicle fatalities!
As companies like Waymo grow, AV ride-shares could become the dominant mode of transport.
This move toward electric and autonomous vehicles makes sense financially too.
Estimates suggest that using AV ride-shares will be 4-to-10 times cheaper per mile than the cost of a new car.
On top of that, the average American home will save about $5,600 each year. All by switching to these autonomous electric vehicles.
Let’s do a quick recap:
This new transportation system will be safer, more affordable, and better for the
environment all at once.
(These advancements will provide incredible investing opportunities too – click here for details on my top stock powering AVs and EVs).
With this technological advancement, you may never need to drive again.
Of course, to power these AVs, we will need a LOT of lithium-ion batteries.
These batteries are the backbone behind every new electric and autonomous vehicle.
Without them, you can say goodbye to a future with EVs and AVs.
My research recently uncovered a lithium company based in Nevada. And it could be about to make a HUGE lithium discovery.
Right now there’s a shortage of lithium. That makes this asset extremely valuable.
This little-known company recently acquired land with world-class lithium reserves.
And according to my price target, a discovery for them could lead to 985% gains!
Right now, you can claim “founding investor shares” for less than $1.00.
But don’t expect shares to stay that cheap for much longer.