top of page

Is It Too Late To Make Money in the EV Market?

Car manufacturers around the world have began rolling out their electric vehicle lineups and are dumping huge sums of money into their EV departments. It's too late to make money in this sector - electric vehicles are essentially mainstream now. Or is it still early?

As of 2020, electric vehicles only make up 4.6% of all new cars sold worldwide. In the U.S. they only accounted for 2% of all new cars.

Projections show that EVs will take more and more market share over the next 20 years. It is estimated that by 2025, EVs will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040. These are projections only, so we can not say for sure this will happen. What we can discuss is what governments around the world are doing that will drive this growth.

Below are target dates set by countries to ban internal combustion engines or go fully electric:

As you can see, countries plan to phase out engines and move towards an electric vehicle world. In order to reach these goals, many of these countries have implemented incentives to get car manufacturers on board.

In that same article, you will notice governments have also began rethinking infrastructure; passing laws and providing funding to install publicly accessible electric chargers. The EU, United States, China, Canada, and India are some of these governments just to name a few.

Between the projections and governments ambitious goals, it is clear to us the Electric Vehicles are going to shape not only what we drive but how we drive. So, how are we playing this market? A little differently than most. We are investing in Alphabet (Google), Uber and General Motors.

Google is doing amazing things in the space. Recently, they partnered with Volvo to introduce the Polestar 2, an electric vehicle powered exclusively by Google. Google also owns Waymo, a self-driving technology company. Waymo recently partnered with Jaguar to develop an all electric self-driving car, the Jaguar I-Pace. If self-driving proves productive, we believe Google will lead the way.

Uber has committed to becoming a zero-emission platform by 2030. In order to meet this goal, Uber has partnered with U.K. commercial vehicle company Arrival to develop an EV specifically designed for ride-hailing. Uber also partnered with Ample, a company specializing in battery swapping to replace the traditional charging method. Ample also makes modular batteries that can be assembled into different shapes and sizes to fit different EVs. Uber is also providing incentives to its drivers to transition to electric vehicles by 2025. We like what Uber is doing overall, but specifically in the EV space.

A direct EV investment we have made is through General Motors. Out of all car manufacturers in the world, GM sold the most amount of cars in 2020. They plan to invest $20 billion into its EV product portfolio. Right now, Tesla is the leader in the EV space as they were first to market and have a significant headstart, but we believe GM can be a huge competitor and take a large portion of the market share from Tesla. Ford's introduction of the Lightning, the all-electric version of the most popular car in the world, the F-150, was also quite intriguing to us. But we chose GM due to their leadership and full conviction towards going electric.

There you have it. That's why we are excited about electric vehicles energy and the 3 EV companies we we are investing in. Our latest newsletter dives into four other areas that we are investing in for the future. Sign up here.

Comment below and let us know how you are investing in the EV sector.

Sign up for our Newsletter and get access to our free budget template. For daily content, follow us on Instagram. And please share this with anyone who you think can benefit from it. Have a great day, thanks for reading!


These are the companies we have partnered with this year. They make this blog possible so go check them out!

  • Personal Capital - personal finance platform that helps users take control of their finances by blending world-class technology with human advice. Pair industry-leading financial tools with licensed advisors and full-service planning experts across all 50 states

  • M1 Finance - the future of finance in a sleek, modern app. Rated #1 for Sophisticated Investors by Investopedia, users can enjoy: free investing, high yield checking, low rate borrowing, automation, and optimization

  • TrueBill - app that helps people gain awareness about their spending habits and better manage their money. Truebill makes it easier than ever to manage subscriptions, lower your bills, and stay on top of finances & budgeting

  • Honey - finds you the Internet’s best discount codes and makes sure you never overpay. Shop like normal and when you're ready to checkout, we'll instantly find and apply the Internet's best codes directly to your cart. It only takes two clicks and it’s 100% free.

  • Canva - design software that makes design simple, convenient, and reliable. Create what you need in no time! Jam-packed with time-saving tools that make anyone look like a professional designer

  • Credit Karma - your credit scores should be free. And now they are. Check your scores anytime, anywhere and never pay for it. Save smart with Credit Karma.


I am not a licensed financial advisor or financial professional. This is not investing advice. I am simply sharing my research and opinion based on that research. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.

This blog contains some affiliate links. If you purchase any service through one of these links, I may earn a small commission at no extra cost to you.


bottom of page