It’s Time to Hop on the EV Battery Bandwagon

The IRS allows a tax credit of as much as $7,500.

Dear Loyal Reader, Last year, 3.1 million electric vehicles (EVs) were sold worldwide — a number projected to surge 60% this year. "We're not talking about hundreds of thousands of electric vehicles anymore, we're talking about more than 5 million [this year alone]," a leading commodity analyst told Bloomberg. The White House recently announced plans to electrify the entire government fleet — a full 600,000 cars and trucks. What's more … together with state governments, the Feds are practically throwing money at prospective EV buyers … all in an effort to reduce carbon emissions. The IRS allows a tax credit of as much as $7,500. States offer tax incentives ranging from $1,500 in Louisiana to $5,000 in Colorado. And the rest of the world is on the same track… Japan, the Netherlands and the U.K. have announced plans to ban gas-powered cars by 2030, and Norway by 2025. And China — the largest EV market in the world — says EVs will account for 20% of total new car sales by 2025 … and almost all new car sales by 2035. Torque News says: "If there was ever a time in history where an EV revolution would take over on a massive scale, the time is now." And a Forbes contributor predicts a future "where electric cars are the default and gasoline-powered cars are relics of a carbon-intensive past." But it can't happen without the technology inside the "Forever Battery." At the heart of it all is a secretive battery maker that holds 200 critical patents to protect its technology. You'll find all the facts here. Regards, Sarah Williams Associate Editorial Manager, Banyan Hill Publishing   (c) 2022 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096) Legal Notice The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Remove your email from this list: Click here to Unsubscribe