Why the Inflation Reduction Act Is Making EV Investors Insanely Wealthy

Jeff Siegel

Written By Jeff Siegel

Updated May 15, 2024

The Environmental Defense Fund (EDF) just released a new report called "U.S. Electric Vehicle Manufacturing Investments and Jobs/Characterizing the Impacts of the Inflation Reduction Act After 1 Year."

Unsurprisingly, the EDF sings the Inflation Reduction Act's (IRA) praises for instigating an avalanche of new investments made in the electric vehicle space.

And while the data provided by the EDF is sound, to suggest the IRA won’t have negative consequences would be foolish.

If history has taught us anything, it’s that nothing good ever comes from government interference in what’s supposed to be a free market. 

That being said, while I am an unapologetic free-market capitalist, I’m also an opportunist. And although you’ll never find me singing the IRA's praises, you’ll also never see me ignore the chance to make a few bucks as a result of government intervention.

Some may call that hypocrisy, but I call it opportunity.

Any smart investor would.

Got a war hawk for president? Buy defense stocks.

A global pandemic strikes with all the subtlety of a brick to the face? Go big on medical testing, biotech, and pharma.

A sitting president signs into law an act that will favor the transition of internal combustion to vehicle electrification? Well, there are so many opportunities from which to choose…

From battery manufacturing and EV charging stations to the mining stocks that make electric vehicles possible, if you’ve been playing your cards right, you’ve already been wetting your beak on this electric vehicle action…

Especially now that the IRA is indeed expediting the integration of electric vehicles.

Love them or hate them, the EDF’s data and analysis on electric vehicle growth as a result of the IRA is detailed and without error. 

Diving into the data myself, I confirmed that $92.3 billion of all electric vehicle investment announcements have happened in the 12 months since the IRA was signed into law. 

This represents 56% of all announced electric vehicle investments. 

batteryman11

And look at the impact the IRA is having on EV manufacturing capacity in the U.S.:

batteryman1

Not to mention battery manufacturing capacity:

batteryman

As I said, I’m no supporter of government interference in free-market capitalism, but I’m also not in favor of ignoring an opportunity to get rich — even if it’s because of government interference in free-market capitalism. 

And unless you hate money, I believe many of you feel the same way. 

That's why I put together this short report on what I believe is one of the biggest developments the electric vehicle market has seen since the first Tesla Roadster hit the highway a new EV technology that essentially makes it possible to drive an electric vehicle without ever having to plug it in.

It’s essentially an electric car that “fuels” itself while you drive… and the first EV using this technology can travel up to 1,000 miles without stopping.

That’s not a misprint it can travel up to 1,000 miles without stopping.

There’s no doubt that this new electric vehicle technology is a game-changer of epic proportions, and the company behind it is not only public but also trading at a discount of about 12% right now, which means it’s ripe for the picking.

You can actually buy shares of it on the cheap right now, and I’ll show you how in this report.

To a new way of life and a new generation of wealth…

Jeff Siegel Signature

Jeff Siegel

follow basicCheck us out on YouTube!

follow basic@JeffSiegel on Twitter

Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on. 

Angel Publishing Investor Club Discord - Chat Now

Jeff Siegel Premium

Introductory

Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.