With vehicle production increasing over the years and population, the highest-rising leader of carbon dioxide emissions across the globe is now transportation.
This has accelerated the push for the transition from the use of internal combustion engines (ICE) to low to zero-emission electric vehicles.
Stemming from this, the electric mobility industry is one industry that is predicted to boom over the coming years. With this boom, there are intelligent and potential billion-dollar investment opportunities. Some of these are:
Battery Development
Batteries are critical to electric vehicle development, life usability and overall lifetime value. The battery production industry exercises a symbiotic relationship with its’ e-mobility equivalent.
A major point of focus in the development of electric vehicles has been how to keep the vehicles on the road for much longer, making them significantly more efficient than ICE vehicles.
The increased need for long-lasting sustainable batteries has been recognized by public and private entities around the world. This has led to major investments into developing and producing better longer-lasting batteries. The majority of electric vehicles including the MAX E M3, now run on Lithium-Ion batteries.
Public charging stations
As with the predicted increase and steady boom in the adoption of electric vehicles, there is an expected increase in the demand for public charging stations to accommodate the flux into electric mobility.
Technologies that will provide public charging stations, affordable home chargers, and improved power storage solutions are in high demand. the world’s fastest charging station on the market by the end of the year.
Fast-charging stations will also be in high demand, especially ones with an average full charge time of 15 minutes. This would be a good investment opportunity to venture into.
Earlier this year on the RMI Acre Fund Project, MAX collaborated with certain partners to provide public charging stations for Gbamu Gbamu town, a rural indigenous community in West Africa. The project was a success and further reinforced the potential of public charging station investments.
This also means investors focusing on e-mobility can invest in specific projects in an even more targeted way.
Raw material production and recycling
Most electric vehicles use lithium-ion batteries. Lithium is the main raw material used in car batteries. It’s a light metal that is primarily mined in South America and Australia.
Growing demand for e-vehicles has also led to a sharp rise in the need for lithium over recent years. From 2008 to 2018, the lithium-producing industry recorded a whopping 240% increase in the tonnes of lithium produced and supplied.
And because lithium resources are finite, intensive efforts are currently being made to find recycling options, creating a great investment opportunity.
Electric Vehicle Merchandising
As the demand for electric vehicles increases, gaps in their supply will emerge. Electric vehicle merchandising helps to bridge that gap. This will include electric vehicle retailing and is potentially the first contact point for future users and adopters in the adoption cycle.
Intelligent positioning in this sphere is bound to yield fruitful results in the long term.
In conclusion, as it is certain that electric mobility adoption would soar in future years, the best time to invest in the industry is now.
