Are Electric Vehicles Really That Much Cleaner Than Gas-Powered Cars?  | | Luke Lango | One of the big reasons everyone is switching to electric vehicles is to "save the planet." That's the big story the mainstream media has been feeding us, right? For decades, we've been killing our planet by pumping tons of CO2 emissions into the environment from the exhaust pipes of our Toyota Corollas and Ford F-150 pick-up trucks. By adopting EVs, we will get rid of those exhaust pipes, eliminate those CO2 emissions, and save the planet from global warming. It's a feel-good story that is supporting the EV Revolution. But that feel-good story isn't all that true. The reality is that electric vehicles are not that much cleaner than gas-powered cars, unless their manufacturing and charging processes are powered by clean energy sources. Here's the thing… Electric vehicles do not emit CO2 when you or I are driving them. But to make the batteries that power EVs, you to have to mine a ton of rare earth metals, and a lot of the time, those mining operations are powered by coal – which means the manufacturing process of EVs is actually very "dirty", and indeed, much dirtier than the manufacturing process of gas-powered cars. Recent analysis shows that the production of a mid-sized EV generates about 8.1 million grams of CO2 during the extraction and production process. The production of a comparable gasoline vehicle generates just 5.5 million grams of CO2. So, before you even drive them, gas-powered cars are actually more than 30% "cleaner" than EVs. OK… but surely that "delta" gets closed when you actually start driving the cars, right? I mean, those gas-powered cars do have those exhaust pipes that are constantly pushing out CO2, while EVs have no such thing. That's got to count for something, right? It does – but only if the EV draws electricity from a renewable power grid. You see, EVs require a lot of power to operate. All that power has to come from somewhere. When you take your Tesla home and plug it into your at-home charger, where's that power coming from? If it's coming from a coal-fired power grid, then your Tesla isn't doing much by the way of saving the environment. At all. According to the Argonne National Laboratory's widely accepted GREET Model for measuring CO2 emissions of vehicles, the cumulative 13-year CO2 emissions of a gas-powered Toyota Corolla and a Tesla Model 3 that draws power from a coal-fired grid are both over 60 million grams. The difference is negligible. They're both awful for the environment. So… where does this whole planet-saving part of EVs come into play? With renewable energy. Let's say that Tesla Model 3 instead draws its power from the mixed U.S. power grid that's about 23% coal fired. The Model 3's 13-year cumulative CO2 emissions profile drops to 30 million grams – about twice as good as your average Toyota Corolla. Now, let's say that the Model 3 draws its power from the Norway power grid that is almost powered entirely by carbon-free hydroelectricity. Over 13 years, that car will produce less than 10 million grams of CO2 – more than 6X as good as your average Toyota Corolla. 
Do you see my bigger point here? If you want to save the planet, forget buying a Tesla. Install some solar panels first. Petition for your community to convert to hydrogen, solar, or wind power. Push back against coal-powered mining companies. Making EVs ubiquitous isn't the "planet saver" – the "planet saver" is changing the power grid to be entirely renewable. Today, this knowledge of "EVs aren't that good for the environment unless they're powered by clean energy" is pretty niche. I don't think it will remain niche for long. As EVs become more and more commonplace over the next few years, the Main Street conversation will switch from "why EVs are good" to "which EVs are good, and why." Folks will start talking about the stuff I just told you – and that will lead to increased consumer and enterprise demand, as well as legislative action, for the adoption of renewable energy… meaning the EV Revolution over the next few years will inevitably be accompanied by a Renewable Energy Revolution of even bigger proportions. The investment implication? You can play the EV Revolution by buying EV stocks. I think that's a solid way to do it. But perhaps the better way to play the EV Revolution is through buying renewable energy stocks that are actually the mission-critical piece underpinning the main reason the world is shifting to EVs – which is, of course, to save the planet. I'm talking solar stocks. Hydrogen stocks. Wind stocks. Energy storage stocks. Those stocks are set for enormous gains in the 2020s… That's why, over the next few weeks, I'm going to highlight quite a few explosive renewable energy stocks in my ultra-exclusive research advisory service, The Daily 10X Stock Report. For readers who are unaware, The Daily 10X Stock Report is a super-unique service where I do the unthinkable: Every single day the market is open, I give away one hypergrowth stock pick with the potential to soar 10X in value. A lot of those picks have happened to be EV stocks, solar stocks, and hydrogen stocks in the past… and I've done really well with them, scoring my readers nearly 100 triple-digit winners and 6 different stocks that have soared 10X or more in value. But the best may be yet to come… You don't want to miss the opportunity to hear the next 10X stock pick in this service. Click here to find out more. Sincerely, 
Luke Lango
Editor, Hypergrowth Investing On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It's how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it. | 
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