There has been talk for decades about shifting away from fossil fuels and moving toward greener energy production. In 2021, this trend had such momentum behind it that it became a major investable theme. Although years in the making, 2021 saw such major legislation as President Joe Biden’s “Build Back Better” program, which among many other provisions enhanced incentives for buying electric vehicles and set aside funding for building charging stations. Some states, such as California, have mandated that all new cars and passenger trucks be electric vehicles by 2035. These and other associated developments have pushed even major vehicle makers like Mercedes and Jaguar, Cadillac, Volvo and others to begin shifting to all-electric lineups.
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