How long until we’re all driving electric cars?

Around the time -- September 2020 -- I was scouring the Internet for a used car, the first articles establishing the used car shortage were cropping up. Apparently, I wasn’t the only person bored with the ½ mile radius around my apartment. Once I’d decided to hand over my New Yorker ‘who needs a car in New York?’ card, the question then became: to electric car or not to electric car? I chose not, seeing the search for an EV charging station a bit too onerous at this stage in my life and, for that matter, this early in the transition to electric. While the federal government goal of being 50% electric vehicle sales by 2030 is laudable, the infrastructure to get there is still a ways off.

Still, the world is making progress. England just became the first country in the world to require that all new homes have EV chargers. This requirement comes ahead of England's 2030 ban of new fossil-fuel vehicles. The Paris Climate Agreement, which the U.S. rejoined at the start  Biden’s presidency, sets forth the carbon-reducing goals from which aggressive EV adoption stems.  
 

Let’s take a look at some EV-industry companies making moves to ensure a departure from fossil fuels.  

Infrastructure

WeaveGrid is a software company figuring out how to manage the electric grid and charging stations. EV-users can join a waitlist now to gain access to the company's data of charging stations and benefits.

Commercial EVs

Battery Manufacturer

Microvast is a battery manufacturer of commercial and consumer EV batteries as well as consumer products. The 2006 company reached a $3BN valuation this year in its SPAC merger with Tuscan Holding Corp.

Battery Resourcers is a closed-loop battery manufacturer, meaning the company uses old batteries for components to create new ones. The Worcester, MA company raised $70MM from investors including automaker Jaguar Land Rover.