My 2019 Acura MDX often reminds me of a standard line from old Westerns.
In so many of those classic films, a hero would sum up the atmosphere right before a climactic gun battle by saying, "It's quiet, too quiet."
See, my hybrid comes equipped with three electric motors. Sometimes, when I'm at a traffic light or idling the car in the driveway, the MDX is so quiet that I will check to make sure the engine really is running.
Well, fasten your seat belts folks – cars across the board are about to become just as silent.
They're also going to become much more fuel-efficient, as the center of gravity in the auto industry shifts from gas-powered units to hybrids and electrics, also known as EVs.
If you have any doubt that this is an unstoppable trend in the $1.7 trillion global auto sector, then consider the recent big racket made by Volkswagen AG (OTCMKTS: VWAGY).
The company just stepped up its commitment to EVs by saying it intends to produce 22 million of them in the next decade alone.
And I've uncovered an electric vehicle stock that's is a play on the entire EV movement. It's like owning an exchange traded fund (ETF) on the future of auto technology…
Check it out…
The EV Catalyst
Now then, it's not exactly accurate to say that VW is doubling down on electrics. But the new forecast is a 46% increase from its previous goal of putting 15 million EVs on the world's highways.
Make no mistake. This will be a gig catalyst for the entire EV movement.
VW ranks as the world's top-selling car firm, having outsold Toyota since 2016. It projects that 40% of all its cars will be electrics within in just a few years, and will be carbon neutral by 2050.
That puts VW at the forefront of a global car segment that Allied Market Research says is growing by more than 22% a year. The firm forecasts EV sales of $567 billion by 2025, up 380.5% from the base year of 2017.
Clearly, this is a target rich environment for a savvy auto supplier that knows how to make key EV components for the global car sector.
And that's why savvy tech investors ought to take a good look under the hood at this EV stock…
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.