| Dear Paul, We’re on the verge of a major inflection point in the electric vehicle (EV) market. According to BloombergNEF, EVs will be cheaper than gas-guzzlers by 2023. When this occurs, EVs will expand their share of new vehicle sales from 4.7% to more than 50% by the decade’s end. This is practically inevitable… A CarGurus survey in March indicates that 71% of people expect to buy an EV in the future. And the majority of these people are price sensitive. The same survey showed 56% of respondents considered price as a deciding factor in purchasing an EV. With price no longer an obstacle, the real question becomes: “When will people replace their existing cars?” Considering the average ownership of a gas-powered vehicle spans eight years, I expect most people will purchase an EV by the end of the decade. The demand for new vehicles will push the global EV market to $1.3 trillion by 2028… Nearly five times higher than its current size. 
(Source: Fortune Business Insights.) Rapid growth in the EV market has the potential to hand investors huge gains. Ian King and I have identified one stock, in particular, that’s poised to climb higher. Check out his recent presentation to learn more. Regards,
Steve Fernandez
Research Analyst, Strategic Fortunes
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