BYD’s Super E-Platform and the $290 Billion EV Charging Surge! Two Ways to Invest.
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Hello Sweet Money Readers,
In recent weeks, U.S. economic uncertainty gyrated the markets.
As of March 1, the Dow, S&P 500, and NASDAQ are down around 3% month-to-date.
However, since the Federal Open Market Committee (FOMC) meeting on March 19, we’ve seen a market reprieve, and major indices have ticked upward.
According to Bloomberg Economics, Federal Reserve Chair Jerome Powell downplayed economic growth fears and said his baseline expectation is for tariffs to have a “transitory” impact on inflation.
As a result, fears have abated, and markets turned positive to start the week.
Where are Interest Rates Headed?
Interest rates are on many investors’ minds, so I’ve checked the latest Bloomberg U.S. interest rate probability forecasts for 2025.
Nothing is guaranteed, but this table features projections of where the Federal Funds Rate may be headed for the remainder of the year.
Thus far, a 25 basis points (bps) rate cut at the Federal Reserve (Fed) June meeting stands at 55.2%.
There is a 45.3% probability of a 25-bps rate cut at the July meeting and a 56.7% chance of a 25-bps rate cut in September.
Most Fed officials foresee just 25 bps, or fewer rate cuts this year.
No matter the rate forecasts, upcoming economic data about the U.S. economy will steer policymakers’ opinions.
U.S. Economic Data to Watch This Week
Here are the major U.S. economic releases posting this week that could move the markets. There are several!
February’s new home sales will post today at 10 AM ET.
A decline in mortgage rates to below 7% in February may have pushed prospective new home buyers to close on homes.
Forecasts call for new home sales to rise by about 3.5% to 680,000 (annualized rate).
Also, today, the Conference Board’s consumer confidence index, which randomly surveys about 3,000 U.S. households and measures consumers’ forward-looking expectations of the U.S. economy, posts at 10 AM ET.
Estimates call for a decline to possibly 93.6 from 98.3. This forecast for a possible decline in consumer sentiment is despite Fed Chair Powell’s statement that the economy remains healthy.
February’s preliminary durable goods orders will post on Wednesday at 8:30 AM ET.
Forecasts predict a slight decline in this print of 1.2% as just 19% of small business owners plan capital outlays over the next 6 months.
On Thursday, the third print of fourth-quarter (Q4) GDP is forecast to remain unchanged while, February’s preliminary Wholesale Inventories may have ticked up.
Finally, on Friday, a trio of economic prints, including February’s personal income and personal spending and the University of Michigan’s Sentiment March final print, will be posted between 8:30 AM ET and 10 AM ET.
Forecasts call for a decline in personal income, a rise in personal spending, and an unchanged U. of Michigan Sentiment print.
A $290 Billion EV Charging Boom: BYD’s Super E-Platform Leads the Way!
In Mega Trend-Tech Watch this week, news about electric vehicles (EVs) from Tesla to China’s BYD has been making headlines recently.
But one EV topic deserves our investment attention: the need for next-generation super-fast charging.
According to Electrek, BYD unveiled new capabilities of a new EV architecture it calls the “Super E-Platform” last week.
This 1,000-volt EV platform can fast-charge up to 249 miles (400 kilometers) of range in five minutes — about the same amount of time it takes to fill a car’s gas tank.
If workable, this technological advancement is a game-changer for the EV market.
As Electrek writes in its March 17 article:
“We got official confirmation from BYD this morning (evening in Shenzen, China) following a report we followed last Friday. On its Weibo page last week, Build Your Dreams (BYD) teased some capabilities of a new EV architecture it calls the “Super E-Platform,” sharing that it will enable charging parity with gas station visits.
“To achieve that, BYD promised 1,000 kW charge speeds—double the current industry leaders, including Tesla. In reality, it’s tripling the standard as most fast chargers on the market can only reach about 350 kW, and many of them (in the US, at least) are usually more in the 200s. While there are some ultra-luxe EV models powered by higher voltage platforms, 800V has been the ceiling for a while, and to be honest, most models today cannot even hit 350 kW.”
This high-tech achievement by BYD is what the EV industry needs to catapult its adoption rate in the consumer auto market.
Numerous automakers, including BMW and Ford, are working on next-generation super-fast charging.
A patent published on February 27, 2024, shows how Ford could be developing an 800-volt fast-charging architecture for its next-gen EVs.
BMW Group unveiled an innovative 800V electric drive technology for its Neue Klasse (new class) lineup at the Tech Days event in Landshut, Germany, last month. BMW says its 800V technology is 30% faster charging and has a 30% longer range.
The way I see it, next-generation super-fast EV charging is a mega trend to watch.
Business Research Insights forecasts that the global 800V fast-charging pile market size, which was valued at approximately $4.73 billion in 2024, will reach $292.1 billion by 2033. An astounding compound annual growth rate (CAGR) of 61.3%!
Two Ways to Invest in the $290 Billion EV Charging Game-Changer
To invest in this growing market, I’ve scoped out a company that could potentially benefit as super-fast EV charging and EV adoption take shape.
I’ll share those stock trading details in the next addition of The GenWealth Report.
If you’re not yet a member of The GenWealth Report, please check out details on how to subscribe here.
In the meantime, consider buying shares in iShares Self-Driving EV and Tech ETF (NYSEArca: IDRV).
IDRV is a U.S. exchange-traded fund (ETF) that looks to track the investment results of an index composed of developed and emerging market companies that could benefit from long-term growth and innovation in EVs, battery technologies, and autonomous driving technologies.
That’s it for this week.
If you have any questions you’d like addressed in our reader mailbag, please email us at [email protected].
And don’t forget to follow me on X @InvestWithAmber for regular market posts.
Until next time, keep investing!
Amber Lancaster
Editor, The GenWealth Report
Disclaimer: We will not track any recommendations in Sweet Money Daily. We are just sharing our opinions, not advice. If you want access to the stocks in our model portfolio with tracking, updates, and buy/sell guidance, please check out The GenWealth Report.
