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<DIV dir=ltr><FONT size=2 face=Arial>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Energy and Capital <eac-eletter@angelnexus.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> dharao4@yahoo.co.uk <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Wednesday, 22 February 2012, 14:08<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Electric Cars Suck<BR></FONT></DIV><WBR>
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<DIV style="MARGIN-TOP: 10px; FONT-SIZE: 18px; FONT-WEIGHT: bold">Electric Cars Suck</DIV>
<DIV style="FONT-FAMILY: verdana, sans-serif; MARGIN-BOTTOM: 1em; COLOR: gray; FONT-SIZE: 11px; FONT-WEIGHT: bold">By Nick Hodge | Wednesday, February 22nd, 2012</DIV>
<DIV style="MARGIN-TOP: 5px; FONT-FAMILY: verdana, arial, sans-serif; FONT-SIZE: 15px"><IMG style="FLOAT: left; MARGIN-LEFT: 10px; MARGIN-RIGHT: 10px" border=0 alt="Nick Hodge" src="http://images.wealthdaily.com/nick-hodge_75.png">
<div style="MARGIN-BOTTOM: 1em">I rarely invest in things. I find ideas much more interesting.</div>
<div style="MARGIN-BOTTOM: 1em">And with gas prices about to top $4.00 per gallon, the idea of electric cars is, once again, appealing.</div>
<div style="MARGIN-BOTTOM: 1em">Let's be honest... Electric cars aren't a “thing” yet. They're a niche.</div>
<div style="MARGIN-BOTTOM: 1em">As the <I>Financial Times </I>noted last month:</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em"><I>In their first full year of sales, both Nissan’s Leaf and General Motors’ Chevrolet Volt — the first of a new generation of cars powered by rechargeable batteries </I><I>—</I><I>have sold in smaller numbers than the two carmakers expected: about 30,000.</I></div>
<div style="MARGIN-BOTTOM: 1em">One of the things I've learned in this business is that profits are real whether they come from actual sales or anticipated ones, whether the latter materialize or not.</div>
<div style="MARGIN-BOTTOM: 1em">What I mean by that is when gas prices climb, a logical thought extension is that sales of fuel-efficient vehicles will rise. In the market's equivalent of a gut reaction, stocks related to the production of efficient vehicles will rise.</div>
<div style="MARGIN-BOTTOM: 1em">But let me make this clear: <SPAN style="TEXT-DECORATION: underline">It makes no difference whether or not electric vehicle sales rise.</SPAN></div>
<div style="MARGIN-BOTTOM: 1em">I don't have a vested interested in electric vehicle sales one way or another.</div>
<div style="MARGIN-BOTTOM: 1em">What I have a vested interest in is <I>making you money.</I> And the money that can be made by playing the market's anticipation is real.</div>
<div style="MARGIN-BOTTOM: 1em">The outcome of that anticipation is irrelevant. Getting ahead of it is key.</div>
<DIV style="BORDER-BOTTOM: gray 1px solid; TEXT-ALIGN: center; WIDTH: 100%; COLOR: gray; FONT-SIZE: 10px">Advertisement</DIV><WBR>
<div style="TEXT-ALIGN: center; MARGIN-BOTTOM: 1em"><B>By 2015 there will be <SPAN style="TEXT-DECORATION: underline">more than 1.3 million electric cars on the road...</SPAN></B><BR><BR>And nearly <SPAN style="TEXT-DECORATION: underline">every one</SPAN> of them will require lithium.<BR>Most of it is expected to come from here:</div>
<div style="TEXT-ALIGN: center; MARGIN-BOTTOM: 1em"><IMG border=0 alt="aes image" src="https://images.angelpub.com/2011/47/11516/112111eac.png" width=313 height=211></div>
<div style="TEXT-ALIGN: center; MARGIN-BOTTOM: 1em">And there's enough at this one spot to boost the value of <A href="http://email.angelnexus.com/ct/7917749:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank><BR>this company's stock</A> by 3,000%. But don't take my word for it... <BR>Click <SPAN style="COLOR: #008000"><A href="http://email.angelnexus.com/ct/7917750:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>here</A></SPAN> and <SPAN style="TEXT-DECORATION: underline">see the numbers for yourself!</SPAN></div>
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<div style="MARGIN-BOTTOM: 1em"><B>Projected Sales</B></div>
<div style="MARGIN-BOTTOM: 1em">Here's another piece of that same <I>Financial Times</I> article:</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">The modest initial sales of EVs are largely a result of the small number of models on the market, which will grow from 2012 as Toyota, Renault, BMW, Daimler, and other manufacturers launch electric or plug-in hybrid cars.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">Nevertheless, many analysts, even those who are confident that EVs will be viable long-term alternatives to conventional cars, are cutting their sales forecasts because of slow initial uptake of the first models to come to market.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">Adam Jonas, a Morgan Stanley analyst, concluded that EVs were “not ready for prime time”, and reduced his expectation of their market penetration in 2025 to 4.5 per cent, from 8.6 per cent before.</div>
<div style="MARGIN-BOTTOM: 1em">I see the same sentiment elsewhere...</div>
<div style="MARGIN-BOTTOM: 1em">J.D. Power & Associates thinks all-electric vehicles will be less than 1% of U.S. auto sales in 2018. It jumps to 8% when hybrids and plug-in hybrids are included.</div>
<div style="MARGIN-BOTTOM: 1em">For perspective, at 8% market share the electric vehicle industry represents about half of one slice of a large pizza. At 1% it represents a piece of pepperoni.</div>
<div style="MARGIN-BOTTOM: 1em">That's not a mecca or a paradigm shift or a lion's share; it's a decent start.</div>
<div style="MARGIN-BOTTOM: 1em">And it's why a chart of the most widely-tracked lithium fund on the market looked like this from January to December 2011, losing 40% compared to the Dow's flat trajectory.</div>
<div style="MARGIN-BOTTOM: 1em"><IMG style="BORDER-BOTTOM: 0pt; BORDER-LEFT: 0pt; DISPLAY: block; MARGIN-LEFT: auto; BORDER-TOP: 0pt; MARGIN-RIGHT: auto; BORDER-RIGHT: 0pt" title="Global Lithium ETF 2011" border=0 alt="Global Lithium ETF 2011" src="https://images.angelpub.com/2012/08/13227/global-lithium-etf-2011.jpg" width=575></div>
<div style="MARGIN-BOTTOM: 1em"><B>Anticipating Anticipation</B></div>
<div style="MARGIN-BOTTOM: 1em">Fast-forward to January of this year: Oil is starting to climb. Gas prices are rising with it.</div>
<div style="MARGIN-BOTTOM: 1em">The low market penetration forecasts for electric vehicles remains unchanged — only now, the market is irrationally expecting higher electric car sales because of higher gas prices.</div>
<div style="MARGIN-BOTTOM: 1em">Take a look at a chart of that same lithium ETF for the first two months of 2012:</div>
<div style="MARGIN-BOTTOM: 1em"><IMG style="BORDER-BOTTOM: 0pt; BORDER-LEFT: 0pt; DISPLAY: block; MARGIN-LEFT: auto; BORDER-TOP: 0pt; MARGIN-RIGHT: auto; BORDER-RIGHT: 0pt" title="Global Lithium ETF 2012" border=0 alt="Global Lithium ETF 2012" src="https://images.angelpub.com/2012/08/13228/global-lithium-etf-2012.jpg" width=575></div>
<div style="MARGIN-BOTTOM: 1em">What a difference sentiment can make.</div>
<div style="MARGIN-BOTTOM: 1em">I like to think of scenarios like this as an inherent psychological flaw in the market. And I take great pride in being able to exploit them for profit.</div>
<div style="MARGIN-BOTTOM: 1em">That lithium ETF is trading around $17 now, but could run to $20 on a continued rise in gas prices before it runs into resistance...</div>
<div style="MARGIN-BOTTOM: 1em">It could be a nice 18% win just for anticipating anticipation.</div>
<div style="MARGIN-BOTTOM: 1em"><B>What to Expect Next</B></div>
<div style="MARGIN-BOTTOM: 1em">I know why the market share of electric vehicles has been slow to take off. Even the most ardent EV supporters know in their heart of hearts why consumers aren't yet flocking to battery-powered cars.</div>
<div style="MARGIN-BOTTOM: 1em">Allow me to illustrate this for you via a story I came across on <I>The Motley Fool.</I>..</div>
<div style="MARGIN-BOTTOM: 1em">The author and his wife were in the market for a hybrid or electric vehicle. They ended up buying the Volt. But his explanation <SPAN style="TEXT-DECORATION: underline">why</SPAN> is what will deliver the next round of profits from this sector:</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">Why did we go with the Volt over Nissan's Leaf or save up to splurge on Tesla's Model S sedan that hits the market in July? As a Ford investor — and owner myself — I could've gotten a shareholder discount on the all-electric Focus model that will be coming out in a few months. Why did we pass?</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">Range anxiety.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">All-electric cars are still limited by the range of their lithium-ion batteries. The Leaf has a range of 100 miles on a single charge. Tesla's entry-level Model S tops off at 160 miles, and it will cost drivers $70,000 for the Model S with the upgraded battery to get 300 miles between charges.</div>
<div style="PADDING-LEFT: 30px; MARGIN-BOTTOM: 1em">It was the fear of taking the car out on a family road trip that nixed the all-electrics from our checklist. Gas stations are plentiful. Electric charging stations are still few and far between.</div>
<div style="MARGIN-BOTTOM: 1em">The only thing that can change that is batteries. And so that's where the next round of innovation — <I>and investment</I> — has to be.</div>
<DIV style="BORDER-BOTTOM: gray 1px solid; TEXT-ALIGN: center; WIDTH: 100%; COLOR: gray; FONT-SIZE: 10px">Advertisement</DIV><WBR>
<div style="TEXT-ALIGN: center; MARGIN-BOTTOM: 1em"><B>If You Thought the Oil Sands was Big News...</B></div>
<div style="MARGIN-BOTTOM: 1em">Get ready, because this could be bigger — much bigger.</div>
<div style="MARGIN-BOTTOM: 1em">Like the tar sands, it's also in Alberta... but doesn't have anything to do with oil.</div>
<div style="MARGIN-BOTTOM: 1em">Yet it could make you 744xs your money.</div>
<div style="MARGIN-BOTTOM: 1em"><A href="http://email.angelnexus.com/ct/7917751:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></SPAN>Find out more right here.<SPAN> </A></div>
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<div style="MARGIN-BOTTOM: 1em">Lithium-ion batteries will be improved by adding other metals and minerals in various combinations.</div>
<div style="MARGIN-BOTTOM: 1em">Sodium, sulfur, vanadium, zinc, rare earths, and more are all being tested as ways to increase the amount of energy modern batteries can store.</div>
<div style="MARGIN-BOTTOM: 1em">I don't know which technology will win...</div>
<div style="MARGIN-BOTTOM: 1em">But I do know that as the search continues, the market will start to look at battery materials the way it's currently looking at lithium in the wake of high gas prices. It will anticipate higher prices for future battery materials, and related stocks will rise.</div>
<div style="MARGIN-BOTTOM: 1em">That's why when it comes to batteries, I'm betting on metal providers, not technology companies...</div>
<div style="MARGIN-BOTTOM: 1em">And no one has more of these materials than <A href="http://email.angelnexus.com/ct/7917752:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>this new mine in Canada.</A></div>
<div style="MARGIN-BOTTOM: 1em">Adjacent to Alberta's massive oil sands, this mine is over 700,000 acres of black shale. But there isn't oil in this shale...</div>
<div style="MARGIN-BOTTOM: 1em">There are metals — millions of pounds of them: lithium, vanadium, zinc, cobalt, rare earths, and more.</div>
<div style="MARGIN-BOTTOM: 1em">As the market starts to anticipate higher prices for these metals — which it's already starting to do — <A href="http://email.angelnexus.com/ct/7917753:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>companies like this</A> are going to fetch a premium.</div>
<div style="MARGIN-BOTTOM: 1em">And the earlier you know about the opportunities, the better.</div>
<div style="MARGIN-BOTTOM: 0in">Call it like you see it,</div>
<div style="MARGIN-BOTTOM: 0in"><IMG style="MARGIN: 10px" border=0 alt="Nick Hodge Signature" src="https://images.angelpub.com/2011/25/9071/nick-hodge-signature.gif"></div>
<div>Nick Hodge</div>
<div><A href="http://email.angelnexus.com/ct/7917754:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank><IMG style="VERTICAL-ALIGN: middle" border=0 alt="follow basic" src="https://images.angelpub.com/2011/50/11971/follow-basic.jpg">@nickchodge on Twitter</A></div>
<div><I><SPAN style="COLOR: #333333">Nick is an editor of <A href="http://email.angelnexus.com/ct/7917755:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>Energy & Capital</A> and the Investment Director of the thousands-strong stock advisory, </SPAN></I><I>Early Advantage</I><I><SPAN style="COLOR: #333333">. Co-author of the best-selling book <A href="http://email.angelnexus.com/ct/7917756:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></SPAN><SPAN style="TEXT-DECORATION: underline">Investing in Renewable Energy: Making Money on Green Chip Stocks</A>, his insights have been shared on news programs and in magazines and newspapers around the world. </SPAN><SPAN style="COLOR: #333333">For more on Nick, take a look at his editor's <A href="http://email.angelnexus.com/ct/7917757:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow
target=_blank>page</A>.</SPAN></I></div>
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<div><B>Related Articles</B></div><A href="http://email.angelnexus.com/ct/7917758:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>Nick Hodge's Energy Investments</A><BR><BR><A href="http://email.angelnexus.com/ct/7917759:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>Massive Mine in Canada</A><BR><BR><A href="http://email.angelnexus.com/ct/7917760:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>GE Electric Car Opportunity</A><BR><BR><A href="http://email.angelnexus.com/ct/7917761:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank>Energy Investments for 2012</A><BR><BR>
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<H3><I>From the Archives...</I></H3><A href="http://email.angelnexus.com/ct/7917762:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></B><B>The Shift in U.S. Oil You Had Better See Coming</A><WBR><SPAN style="FONT-FAMILY: verdana; COLOR: gray; FONT-SIZE: 8pt"><B>2012-02-21 - Keith Kohl</B></SPAN><WBR><WBR><A href="http://email.angelnexus.com/ct/7917763:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></B><B>Aim to Fund Canadian Natural Gas Projects</A><WBR><SPAN style="FONT-FAMILY: verdana; COLOR: gray; FONT-SIZE: 8pt"><B>2012-02-20 - Stephanie Ginter</B></SPAN><WBR><WBR><A href="http://email.angelnexus.com/ct/7917764:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></B><B>Buy GE's $4.3 Billion Trump Card</A><WBR><SPAN style="FONT-FAMILY: verdana; COLOR: gray; FONT-SIZE: 8pt"><B>2012-02-20 - Jeff Siegel</B></SPAN><WBR><WBR><A
href="http://email.angelnexus.com/ct/7917765:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></B><B>Other Causes of Groundwater Contamination</A><WBR><SPAN style="FONT-FAMILY: verdana; COLOR: gray; FONT-SIZE: 8pt"><B>2012-02-20 - Brianna Panzica</B></SPAN><WBR><WBR><A href="http://email.angelnexus.com/ct/7917766:11231258104:m:1:235829306:02EEDA4D0C08ED9738810D2EA6B499A3:r" rel=nofollow target=_blank></B><B>Energy and Capital's Weekend Edition</A><WBR><SPAN style="FONT-FAMILY: verdana; COLOR: gray; FONT-SIZE: 8pt"><B>2012-02-18 - Nick Hodge</B></SPAN><WBR><WBR></DIV>
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<div>Energy and Capital, Copyright © 2012, Angel Publishing LLC, 1012 Morton St, Baltimore, MD 21201. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Energy and Capital does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus
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