Everything you need to know about investing in the electric vehicle industry

Around 1.5 billion cars are driven around the world every day, and 90% of them use gasoline, diesel, and gas, i.e. fossil fuels, as their energy source. With the growth of the population and the global economy, the number of cars is increasing by an average of 5% annually, but the number of electric cars is growing at a rate that is about 5 times faster, which indicates that the market is growing and that companies represented in this sector, including Tesla, BYD, VW, Ford, and Mercedes, have great potential for development.

In this article, we will tell you in detail what is causing the increase in demand for electric cars, which companies are managing to increase their revenues, and how it is possible to benefit financially from this trend through the TBC investment platform. However, before we get to the point, it is better to understand why the growth of the electric car market is inevitable.

Since the creation of the first automobile, one thing has remained constant over the years - cars have had an internal combustion engine (ICE), which used fossil fuels to generate power. Despite the improvement of ICE technology, two problems remain unsolved: first, cars still emit emissions, which are harmful to the environment and the population, and second, fossil fuels are a finite resource, meaning they simply cannot be used indefinitely.

Recently, a simple solution to these problems has appeared on the market - an electric battery that can supply a car with enough energy to travel 800 to 1,000 kilometers on a single charge. Initially, we saw the potential of electric batteries in hybrid cars, but since then the technology has improved and in 2012 the all-electric Tesla Model S appeared on the market, which started the second biggest revolution in the auto industry after Henry Ford's creation of the conveyor system.

At the end of this paragraph, a photo of the Tesla Model S presentation and above it the dynamics of Tesla's stock growth from the IPO to the present day + the current market capitalization should be displayed.