ESG Investing Archives - Global Investment Daily https://globalinvestmentdaily.com/category/esg-investing/ Global finance and market news & analysis Wed, 10 Jan 2024 00:05:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 The Next Big Player As Money Piles into Generative AI https://globalinvestmentdaily.com/the-next-big-player-as-money-piles-into-generative-ai/ https://globalinvestmentdaily.com/the-next-big-player-as-money-piles-into-generative-ai/#respond Tue, 09 Jan 2024 15:04:27 +0000 https://globalinvestmentdaily.com/?p=1105 This year was the breakout year for Generative artificial intelligence (Gen AI). Tech companies, according to McKinsey, are positioned to see the most disruption from Gen Ai, “adding value equivalent to as much as 9 percent of global industry revenue”.  When McKinsey conducted its latest Gen AI survey in April this year, the results astounded […]

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This year was the breakout year for Generative artificial intelligence (Gen AI).

Tech companies, according to McKinsey, are positioned to see the most disruption from Gen Ai, “adding value equivalent to as much as 9 percent of global industry revenue”. 

When McKinsey conducted its latest Gen AI survey in April this year, the results astounded them. In a span of only six months, the generative AI conversation among C-suite executives went from entirely rudimentary to quite sophisticated. Hype became reality in the blink of an eye.

In the first sixth months of this year, venture capitalists poured over $15 billion into generative AI companies globally, according to Pitchbook. That’s a 58% increase year-over-year. 

One emerging public company is developing AI in lockstep with the energy transition. 

This AI is being trained on very specific data sets to create ‘digital twins’ of large swaths of land to prevent forest fires and significantly reduce costs for critical infrastructure projects, including urban planning and natural resource protection plans. These types of projects are funded by multi-trillion dollar organizations in insurance, mining, and government, and are further supercharged by environmental grants and economic necessity. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is a remote sensing and analysis company that is acquiring large data sets and using AI to process them into risk mitigation tools to prevent the wildfires ravishing North America, introduce world-class precision forestry, give the mining industry a leg up in drilling and extraction, add desparately needed legitimacy to the to the booming carbon offset market and disrupt urban planning.  

Genesis’ AI is applicable to over $80 billion in combined markets—and counting.

Reimagining A Burning World With Genesis Ai

Mitigating wildfires, reinventing forestry, pinpointing natural resources for faster and cleaner mining operations, improving urban planning for greater efficiency, and giving the huge carbon offset market the one thing it needs most—credibility—is what Genesis Ai is all about. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is developing Woodlands.ai to better manage natural resources through the building of digital twins of real-world forests that can be studied and manipulated for our benefit. Influenced by deep machine learning, neural networks and artificial intelligence, the applications are enormous and ground-breaking.

It’s intelligence-gathering that can help reset our biological assets and serve as the front-line in the war against climate change.

This year alone, we’ve watched some 18 million acres of land burn, ravaged by North American wildfires, and climate change is behind the increasing scale and frequency of these fires. 

Two things are negatively impacting our forests: Climate change and mismanagement. Climate change is creating warmer and drier conditions, while more drought and longer fire seasons are exponentially intensifying the risk of wildfire, with a single degree Celsius increase in temperature leading to three-digit-percentage increases in burn spread.  

Genesis AI Corp’s (CSE: AIG; OTC: AIGFF) new breed of AI in development offers us early detection so we can more effectively deploy resources to mitigate wildfires. It will help predict forest fire behavior, speed up response times and build more resilient forests by changing the way these lands are managed. It won’t just mitigate fires, either. It will help mitigate the risk of fire itself, through remote sensing and machine-learning.

With the Canadian government recently committing $256 million  to help solve the devastating wildfire problem, and the U.S. government investing $7 billion to manage the escalating wildfire crisis, Genesis is targeting a high-dollar segment of climate change damage control.  

It’s also working to corner the $6-billion Precision Forestry market, which McKinsey calls a “revolution in the woods”, and which the world-class team at Genesis sees as one of the most impactful and profitable applications of AI right now because it has the potential to increase productivity rates by up to 25% annually. Genesis’ Woodlands.ai is planning to help disrupt forestry by lowering delivered costs for wood and increasing wood yields, which in turn relieves pressure on forests, restoring an ecological balance. For the forestry industry, too, it’s money in the bank. And Genesis plans to do it all for half the cost of current solutions with its proprietary software.

It’s a forestry and agricultural revolution that has been likened to the Green Revolution of the 1960s. 

Carbon Offset: Reinventing True Value and Lending Credibility

Right now, despite market value hitting $2 billion in 2021, quadrupling from 2020, carbon offset has a major credibility problem. It’s a segment racked with fraud, abuse, and extreme uncertainty. Now that it’s headed to an astonishing $250 billion by 2050, according to Morgan Stanley, being able to verify those claims and determine the real carbon offset value is an urgent issue for companies and stakeholders.

Again, this can circle back to Genesis AI Corp (CSE: AIG; OTC: AIGFF) Woodlands.ai wildfire prevention development. Here’s how: Investing millions of dollars in forests for carbon offset projects represent a huge loss when those forests burn down. Genesis covers the risk mitigation for forests, and determines their true carbon offset value for stakeholders.


Genesis AI’s (CSE: AIG; OTC: AIGFF) proprietary technology also presents a massive opportunity for the mining industry and Genesis plans to be a disruptive force in urban planning. This is geospatial data analysis on a different level providing the most critical insight into geological characteristics that could make or break a junior explorer given the huge cost of drilling and missing. 

The Mining Module being developed by Genesis Ai is called GeoHarmony; it has proprietary applications, creating heat maps for high-value mineral zones crucial to our energy transition. The tech aggregates big data in hot zones, with metadata search functionality. It offers real-time analytics for drill teams and geologists to improve capital efficiency with a suite of advanced interpretation tools, including XYZ computer vision.  

Genesis also plans to take on urban planning for more sustainable, smart cities. This software market segment, worth $145 billion in 2021, is a climate change necessity. Genesis’ machine-learning algorithms and AI analyze traffic patterns and map out a better future that eases congestion and reduces emissions, in addition to mitigating risks of fires, floods and other natural disasters. Genesis heat-maps cities, catalogues biological assets, assess carbon footprints, studies animal migration and invasive species patterns and develops measures for improving and cooling cities naturally. 

Huge Customer Base Potential in Markets Worth $80 Billion

Led by a team of veteran forestry, AI, high-tech and M&A experts who have worked on billion-dollar projects, Genesis AI Corp (CSE: AIG; OTC: AIGFF) is building the proprietary, powerful Woodlands.ai model that combines artificial intelligence and deep-tech as a holistic approach to tackling climate change and its impacts.

The margins and the revenue potential for Genesis Ai’s bespoke data intelligence is as big as the anticipated customer base, which runs the gamut from governments and landowners to fire officials, forestry companies, the agriculture industry, carbon project developers, commodities traders, insurance conglomerates, financial investors and hedge funds—all looking to get out in front of the next disaster; the next big jump in revenues; the next big thing.

The market is as infinite as AI itself, and Genesis is positioning itself in the leadership of a combined $80-billion market that is only getting bigger. AI is one of the fastest-moving developments the world has even seen, with sentiments and adoption changing at breakneck speed. Genesis Ai is at the forefront of it all, with development moving fast enough to lead to expectations of positive revenues next quarter already. 

Comparable Companies to Genesis AI Corp (CSE: AIG; OTC: AIGFF

Note: As of December 1, 2023 Genesis has a market cap of ~C$10 million; and a share price of ~0.17

  1. Pivotree (TSXV:PVT; OTC:PVTRF)

Market cap: C$43.9 million; share price: C$1.66

Toronto-based Pivotree is an industry leader in designing, building and managing digital platforms in the areas of commerce, data management and supply chains for over 250 major retail and branded manufacturers worldwide. The company’s digital solutions and its managed and professional services provide retailers with end-to-end solutions for the management of complex digital commerce platforms.

  1. Scope Carbon (CSE:SCPE; OTC:SCPCF)

Market cap: C$63.5million; share price: C$1.65

Carbon mapping technology company Scope Carbon is focused on the commercial development of its AI-driven image software. Its Scope Analysis platform targets the identification and estimation of carbon-based lifeforms and carbon emissions. The company intends for the platform to be a single-tool solution in carbon mapping for agriculture, forestry and other land-use projects.

  1. Fobi AI (TSXV:FOBI; OTC:FOBIF)

Market cap: C$20.4 million; share price: C$0.115

AI and data intelligence company Fobi AI provides real-time applications to enable businesses to action, leverage and monetize their customer data, as well as improve their sustainability by reducing paper and plastic waste. The company’s customer base includes organizations around the world in industries such as retail, consumer packaged goods, insurance, sports, entertainment and casino gaming.

  1. OneSoft Solutions (TSXV:OSS; OTC:OSSIF)

Market cap: C$86.6 million; share price: C$0.71

As a developer of cloud-based business solutions, OneSoft Solutions’ data science technology is based on the Microsoft Cloud platform and services, including Azure Machine Learning, predictive analytics, Power BI Embedded and Office 365. The company’s wholly owned subsidiary, OneBridge Solutions Canada, develops and markets new software-as-a-service solutions to assist oil and gas pipeline operators using advanced data science and machine learning.

OneSoft recently entered into a service agreement with Jemena to provide the Australian energy infrastructure company with its Cognitive Integrity Management system to manage the safety and integrity of its extensive gas pipeline network. In its Q1 financials, OneSoft reported a 72 percent increase in total revenue for the quarter compared to the same period the previous year.

  1. BigBear.ai Holdings (NYSE: BBAI)

BBAI has a market cap of $282 million and a public float of ~133 million shares, with 142 million shares outstanding.

BigBear.ai delivers AI and ML solutions for decision support. The company operates in two segments, Cyber & Engineering and Analytics, and offers high-end technology and consulting services. BigBear.ai empowers its customers with real-time decision-making capabilities by aggregating, interpreting, and synthesizing data. YTD shares of BigBear.ai are up 248%. 

** IMPORTANT NOTICE AND DISCLAIMER — PLEASE READ CAREFULLY! **

PAID ADVERTISEMENT. This article is a paid advertisement.  FTB Capital and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Genesis AI Corp (CSE: AIG; OTC: AIGFF) to conduct investor awareness advertising and marketing. Genesis paid the Publisher to produce and disseminate this article and related articles and banner ads for two hundred seventy five thousand dollars. This compensation should be viewed as a major conflict with our ability to be unbiased.  

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur.

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public, and does not (to the Publisher’s knowledge, as confirmed by Genesis) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

SHARE OWNERSHIP. The Publisher owns shares and / or options of the featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Publisher does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The Publisher will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, government regulations concerning the products being developed by the company, the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc.  

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How AI Could Be the Answer to A Climate Apocalypse https://globalinvestmentdaily.com/how-ai-could-be-the-answer-to-a-climate-apocalypse/ https://globalinvestmentdaily.com/how-ai-could-be-the-answer-to-a-climate-apocalypse/#respond Thu, 28 Dec 2023 14:59:02 +0000 https://globalinvestmentdaily.com/?p=1100 Reimagining the world and learning from it; that’s what today’s artificial intelligence advancements will allow us to do, from figuring out how to avoid disastrous wildfires and introducing carbon-mitigating ‘nature tech’ to reinventing mining so it works for us, rather than against us.  AI can build digital twins of real-word assets, providing invaluable intelligence not […]

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Reimagining the world and learning from it; that’s what today’s artificial intelligence advancements will allow us to do, from figuring out how to avoid disastrous wildfires and introducing carbon-mitigating ‘nature tech’ to reinventing mining so it works for us, rather than against us. 

AI can build digital twins of real-word assets, providing invaluable intelligence not only enriching our world of natural resources, but saving it, in the end. 

That’s what Genesis AI Corp is working on right now, and it’s a market space that, when all aspects are combined, is worth over $80 billion right now, and its value is compounding by the minute. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is a remote sensing and analysis company that is acquiring large data sets and using AI to process them into risk mitigation tools for forestry and mining, while developing novel carbon, fire risk and recovery and urban planning modules. 

5 Huge Markets Worth >$80 billion in 2023

#1 The Value of Predicting & Preventing Wildfires

So far this year alone, the United States has been devasted by 50,000 wildfires, burning 8.5 million acres of land. Canada isn’t immune, either, watching 7.4 million acres of land burn . And the worst is yet to come…  


Climate change is a key factor in the increasing risk and scale of North American wildfires, which are affected by temperature, soil moisture, and the trees and shrubs that fuel them. “Climate change enhances the drying of organic matter in forests (the material that burns and spreads wildfire),” according to the Center for Client and Energy Solutions.

In general, climate change is creating warmer and drier conditions, while more drought and longer fire seasons are exponentially intensifying the risk of wildfire. An average annual increase in temperature of 1 degree Celsius can increase the burn area by up to 600%, based on recently modeling. Even if people—not nature—cause wildfires, warmer temperatures and drier conditions affect their spread. Land use and forest mismanagement compound the problems caused by climate change—with all three factors expected to further increase wildfire risk in the future. 

Evidence indicates that the average fire events in some regions of the U.S. have quadrupled in size and tripled in frequency over the past two decades. 

A new breed of AI advancements offers us early detection so we can more effectively deploy resources to control wildfires. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is developing Woodlands.ai to better manage natural resources through the building of digital twins of real-world forests that can be studied and manipulated for our benefit. Influenced by deep machine learning, neural networks and artificial intelligence, the applications of this advanced technology are far and wide. From carbon offsetting – and forest and land management – to wildfire protection.

It’s intelligence-gathering that can help reset our biological assets and serve as the front-line in the war against climate change. 

What if we could control what happens in our forests? 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) Woodlands.ai is being developed to do just that. It will help predict forest fire behavior, speed up response times and build more resilient forests by providing the intelligence that can help change the way these lands are managed.

This intelligence won’t just mitigate fires, it will help mitigate the risk of fire itself, through the aggregation of all factors that contribute to the fire triangle: heat, fuel and oxygen, and using these factors to feed predictive analysis that can help monitor and maintain biological natural resources.

The Canadian government has committed $256 million to help solve the devastating wildfire problem, and the U.S. government is investing $7 billion to manage the escalating wildfire crisis

Without the advanced technology of groups like Genesis, the cost of efforts to mitigate wildfires is prohibitive. Homeowners certainly do not have enough capital to deploy to mitigate this risk. Even governments find it an impossible price tag. Consider that the California government analysis calculated suppression costs for California’s 17 largest wildfires in 2018 to be nearly $1 billion but estimated that the damage totaled $149 billion, including destroyed and damaged buildings and infrastructure, health costs, and economic losses. Genesis AI Corp’s (CSE: AIG; OTC: AIGFF) technology aims to solve this problem, working with insurance companies and all levels of government, from federal to city, to local / municipal. 

Genesis Ai’s Fire and Recovery Module has three components. First, its pre-fire component assess fire risk in forests by tracking weather and moisture, and providing guidance on maximizing capital input. It also measures the effectiveness of government programs. The second component is deployed during a fire, using real-time sensors and inputs. The final component is post-fire, using Ai and machine learning to determine the best allocation of capital for restoration and planting performance, as well as further land management risk assessment. 

Genesis is developing data sets and layering proprietary training models over the top of data. They’ve already acquired immense data sets on forestry and wildfires, as well as the characteristics of a forest that lead to wildfires. In the end, what they have is a ground-breaking AI solution in Woodlands.ai—and they’re gunning for a sizable share of the $7 billion the U.S. is spending, along with the hundreds of millions the Canadian government has already earmarked for fire mitigation. 

#2 How Groundbreaking AI is solving the Growing Wildfire Epidemic and Revolutionizing the Precision Forestry Industry

Bloomberg expects the precision forestry industry to top $6 billion next year already. 

McKinsey calls it a “revolution in the woods”. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) calls it one of the most profitable applications of AI now, and for the coming decades.

While forestry has found itself dragging its heels on AI adoption compared to other industries, Genesis Ai Corp is on the front line of a new brand of forestry. AI has worked so far, according to McKinsey, to increase agricultural productivity rates by as much as 25% annually, and it can do the same for forestry. The return on investment for functioning AI in this space is massive. The gains can be enormous. McKinsey compares them to the gains in agriculture from the Green Revolution of the 1960s. 

Our current forestry management processes are based on a system that is 300 years old, and “processes are highly manual and analog, with ‘broad-brush’ management prescriptions,” McKinsey says. There is almost no corporate involvement, and public and private owners fail to “to balance diverse objectives for commercial performance with social and environmental goals”. 

It’s time for a major disruption, and much is at stake, with the economic value of industrial wood alone at $200 billion. 

AI will revolutionize forestry by lowering delivered costs for wood and increasing wood yields, which in turn relieves pressure on forests, restoring an ecological balance.

For customers, this predictive technology can be money in the bank. 


Genesis AI Corp’s (CSE: AIG; OTC: AIGFF) Forest Inventory and Cruise Module targets conventional forest owners and forest products companies. It seeks to displace inventory methods with a superior end-product at a lower cost. It will also give the user the ability to model other use cases, from road maintenance databases and detailed financial inventory models to much more accurate predictions on extractive levels, factoring in carbon stocks. It can tell users the cost to harvest, and the amount of money delivered to the market. It can estimate restocking timelines and create a true valuation of forest assets. It can model alternative forest management scenarios; and it can model CO2 sequestration performance and provide on-going validation of a forest’s integrity and carbon offset capacity.

#3 The AI That Could Completely Change the Carbon Offset Market

Carbon offset has a huge problem: No one can verify the claims.

The carbon offset market quadrupled in 2021, year-on-year, to $2 billion. By 2050, Morgan Stanley says the voluntary carbon-offset market is expected to grow 100x to around $250 billion.

But it’s lacking in integrity. It has been very difficult to prove that an offset project is benefiting the environment in a sustaining manner. Forests that were protected by carbon offsets have since burned down, releasing all the carbon captured by the trees, rendering the offset null and void.

What Genesis AI (CSE: AIG; OTC: AIGFF) offers is not only a way to actually measure and legitimize carbon offset projects, but a more holistic approach that also helps prevent wildfires that could reverse any carbon offsets. 

“Trees are the lungs of the world, but we need better tech to ensure the integrity of these projects,” says Genesis project director Brent Tolmie. “Various carbon projects don’t deliver as advertised. We can verify claims with our digital technology.”

Genesis AI (CSE: AIG; OTC: AIGFF) advanced technology uses remote sensing to accurately predict the carbon value of a project, with authenticity, integrity, and transparency.

Not all carbon credits are created equal, and the market for this is consumed by waste, fraud, and abuse, which are the growing pains of a new commodity. Little by little, the bad actors are being weeded out. Now, when companies need to buy carbon assets, they want it to be trustworthy, credible, and reliable. Genesis Ai deploys remote sensing to detect carbon offsets. The more you protect your trees, the better the carbon offset, and to benefit maximally, you must know just how much carbon dioxide the forest is secreting.

Genesis AI Corp’s (CSE: AIG; OTC: AIGFF) Carbon Module, for use in the carbon offset and analysis sector, will automate the standards so that estimates are derived from basic inputs. It also automates the process for developing a carbon offset per individual protocol, providing the user with a pathway to full certification and revenue generation. Further, it can digitally twin a forest for MRV (measurement, recording, and verification), and create training models for forestry types. 

#4 Geospatial Artificial Intelligence for Mining & Disaster Management

Genesis AI Corp’s(CSE: AIG; OTC: AIGFF) advance machine-learning technology is a Software as a Service (SaaS) offering that goes far beyond carbon offsets credibility, precision forestry and mitigating wildfires. It’s also positioned to potentially present a huge advantage to the mining and agriculture industries. The high-tech company’s natural resources module gets beyond the trees and into the soil in a big data boost for extraction and agriculture. 

In mining, geospatial data analytics saves time and money in exploration and extraction allowing Companies to more easily peer into the earth and providing critical insight into location, geological characteristics and other crucial elements that can make or break multi-million-dollar drilling campaigns. 

In agriculture, it’s essential tracking the movements of livestock, identifying vegetation levels, determining required amounts of seed, nutrients, and fertilizers, and more efficiently planning and mapping out production.

The Mining Module, called GeoHarmony, being developed by Genesis Ai has proprietary applications, creating heat maps for high-value mineral zones crucial to our energy transition. The tech aggregates big data in hot zones, with metadata search functionality. It seeks to offer real-time analytics for drill teams and geologists to improve capital efficiency with a suite of advanced interpretation tools, including enhanced computer vision.  

With expenditures in excess of CAD $3.7B being spent on exploration and deposit appraisal in Canada alone, Genesis Ai Corp is positioning to capitalize in this market while boosting the efficiency of spend in a critical sector.

#5 AI’s Total Disruption of Urban Planning

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is upending the way we tackle urban planning, making more sustainable and livable cities possible. It’s our first chance at making cities truly smart, and the transformative capabilities of AI in this field of urban planning software made it worth over $145 billion in 2021.

Machine-learning algorithms, among many other things, can analyze traffic patterns and offer new solutions to reduce congestion, thereby reducing emissions. It can identify areas at risk of flooding, as well, much like it can help mitigate wildfires. AI means increased efficiency, more reliable data analysis, automated decision-making, and streamlined problem-solving—for the benefit of business, society, and the environment simultaneously.

Genesis Ai’s Urban Planning Module is about biological asset deployment and protection for cities and towns. In this module, cities are heat-mapped, biological assets are catalogued, and measures are determined for cooling cities via natural means. Carbon footprints are assessed. Traffic patterns are studied, animal migration and invasive species are analyzed, and the efficacy of various landscaping is mapped out. 

The Holistic, High-Margin Approach

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is all about unifying specialized AI and machine-learning solutions for the holistic management of North America’s ecosystem, and the Canada-based company has a singular advantage: While competitors are looking at basic forestry and the surface of carbon offsets, Genesis is building a powerful AI model (Woodlands.ai) that combines AI and deep-tech to dig way under the surface.

This is the height of AI optimization for precision forestry, wildfire prevention, agriculture, mining, and urban planning. The models are phenomenally detailed and highly intense. This goes far beyond basic remote sensing. Genesis Ai describes itself as “sensor agnostic” because it customizes a machine-learning platform for every need and every eventuality.

The team behind Genesis Ai is a unique collective with decades of experience in forestry management, energy, high-tech and M&A. 

Genesis Project Director Michael ‘Brent’ Tolmie is a 25-year forestry veteran, with a background in forestry management, infrastructure planning, agricultural development and M&A, with a track record of multi-million-dollar contracts for billion-dollar projects. He has worked closely with indigenous groups in Western Canada to develop sustainable residential communities and scalable solutions for new forests. Genesis CTO Geoff Fawkes is a 25-year tech executive who is leading the development of the groundbreaking Woodlands.ai solution for modeling forestry digital twins at Carbonethic. He also played a key role in the 2021 go-public exit of BuildDirect, transforming the company’s tech stack and global software engineering team. 

Genesis AI Corp (CSE: AIG; OTC: AIGFF) is targeting high margins because the prospective clientele is wildly broad and diverse, and the combined value of all the markets in play here is estimated at over $80 billion. 

Governments and landowners are a key target audience, given the sizable financial commitments from Canada and the U.S. to prevent wildfires and ensure precision forestry. Fire management officials and forestry companies are also key potential buyers, along with the agriculture industry, commodities traders, financial investors, and funds. Carbon project developers need this Ai for digital twining, carbon accounting and carbon sequestration data in order to attract institutional investors who have become disillusioned with carbon offset fraud and abuse. 

That’s an endless market, for an Ai/machine-learning development with endless solutions. 

** IMPORTANT NOTICE AND DISCLAIMER — PLEASE READ CAREFULLY! **

PAID ADVERTISEMENT. This article is a paid advertisement.  FTB Capital and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Genesis AI Corp (CSE: AIG; OTC: AIGFF) to conduct investor awareness advertising and marketing. Genesis paid the Publisher to produce and disseminate this article and related articles and banner ads for two hundred seventy five thousand dollars. This compensation should be viewed as a major conflict with our ability to be unbiased.  

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur.

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public, and does not (to the Publisher’s knowledge, as confirmed by Genesis) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

SHARE OWNERSHIP. The Publisher owns shares and / or options of the featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Publisher does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The Publisher will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, government regulations concerning the products being developed by the company, the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc.  

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Is Hydrogen a Viable Green Energy Alternative? https://globalinvestmentdaily.com/is-hydrogen-a-viable-green-energy-alternative/ https://globalinvestmentdaily.com/is-hydrogen-a-viable-green-energy-alternative/#respond Fri, 06 Oct 2023 17:48:05 +0000 https://globalinvestmentdaily.com/?p=1047 Imagine driving a car that runs clean, and emits pure water from its exhaust pipe. That’s the promise that hydrogen offers as a fuel source, and these vehicles may be commercially available sooner than you think. Hydrogen as a Green Energy Source Hydrogen is often considered a green energy source when it is produced using […]

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Imagine driving a car that runs clean, and emits pure water from its exhaust pipe. That’s the promise that hydrogen offers as a fuel source, and these vehicles may be commercially available sooner than you think.

Hydrogen as a Green Energy Source

Hydrogen is often considered a green energy source when it is produced using environmentally friendly methods and used in applications that produce little to no greenhouse gas emissions. This concept is often referred to as “green hydrogen.” Green hydrogen has the potential to play a significant role in the transition to a more sustainable and low-carbon energy system for several reasons: 

Clean Production: Green hydrogen is produced using renewable energy sources, such as wind, solar, or hydropower, to electrolyze water (H2O) into hydrogen (H2) and oxygen (O2). This process, known as electrolysis, generates hydrogen without producing harmful emissions if the electricity used for electrolysis is sourced from renewables. 

Reduced Carbon Footprint: Green hydrogen production avoids the carbon emissions associated with traditional hydrogen production methods, such as steam methane reforming (SMR) and coal gasification, which release significant amounts of carbon dioxide (CO2). 

Versatile Energy Carrier: Hydrogen can be used as an energy carrier for various applications, including electricity generation, transportation, and industrial processes. It can be stored and transported relatively easily, making it a flexible energy source. 

Decarbonizing Hard-to-Electrify Sectors: Hydrogen can be used in sectors that are difficult to electrify directly, such as heavy industry, long-haul transportation (e.g., trucks, ships, and trains), and certain chemical processes. By replacing fossil fuels with hydrogen in these sectors, emissions can be significantly reduced. 

Energy Storage: Hydrogen can be used for energy storage, helping to balance the intermittent nature of renewable energy sources. Excess electricity generated during times of high renewable energy production can be used for electrolysis to produce hydrogen, which can then be stored and converted back into electricity when needed. 

Zero Emission When Used: When green hydrogen is used in fuel cells or combustion processes, it produces no direct emissions, as the only byproduct is water vapor. 

However, it’s important to note that the greenness of hydrogen depends on how it is produced. Hydrogen can also be produced using fossil fuels (gray hydrogen) or with carbon capture and storage (blue hydrogen), which reduces emissions but does not eliminate them entirely. The environmental benefits of hydrogen depend on the source of energy used for production and the overall lifecycle emissions. 

Challenges associated with green hydrogen include the high cost of electrolysis technology, the need for significant renewable energy capacity to scale up production, and infrastructure development for storage and distribution.

Can Hydrogen be Produced Affordably?

The Inflation Reduction Act has earmarked clean hydrogen production in the $369 billion set aside for energy security and climate change initiatives.

As with any new industry, costs are usually high until technology improves and supply ramps up. According to an article in Newsweek, “The world’s largest producer of electrolyzers, NEL, believes green hydrogen production could reach cost parity with fossil fuels as early as 2025, and the DOE has laid out plans to reduce the cost of hydrogen to $1 per 1 kilogram within the next decade.”

How do Hydrogen-Powered Cars Work, and Who is Making them?

Hydrogen-powered cars, also known as hydrogen fuel cell vehicles (FCVs), work by using a chemical process to convert hydrogen gas (H2) into electricity to power an electric motor that drives the vehicle. Here’s how they work: 

Hydrogen Storage: Hydrogen gas is stored in high-pressure tanks or sometimes in liquid form, depending on the vehicle’s design. These tanks are typically located in the vehicle’s rear or undercarriage.

Fuel Cell Stack: The heart of a hydrogen-powered car is the fuel cell stack. The stack consists of multiple individual fuel cells, each of which contains a proton-exchange membrane (PEM) or other types of fuel cell technologies, such as alkaline or solid oxide fuel cells. 

Hydrogen Injection: Hydrogen from the storage tanks is delivered to the fuel cell stack. This hydrogen is typically very pure, as any impurities could damage the fuel cell. 

Electrochemical Reaction: Inside the fuel cell stack, a chemical reaction takes place. Hydrogen molecules are split into protons (H+) and electrons (e-) at the anode (negative electrode) through a process called hydrogen oxidation. The protons move through the proton-exchange membrane, while the electrons are forced to travel through an external circuit, creating an electrical current. 

Electricity Generation: The flow of electrons through the external circuit creates electrical power, which can be used to drive the electric motor of the vehicle. This motor provides propulsion to the wheels, allowing the car to move. 

Combining with Oxygen: The protons generated at the anode travel through the proton-exchange membrane to the cathode (positive electrode), where they combine with oxygen from the air, typically supplied through an intake, to form water (H2O). This chemical reaction generates additional heat and water vapor as byproducts. 

Emission: Zero Emissions: The only emissions produced by hydrogen fuel cell vehicles are water vapor and heat. There are no tailpipe emissions of harmful pollutants or greenhouse gases, making them environmentally friendly.

Energy Storage: If the vehicle has a hybrid configuration, it may also include a small battery pack for regenerative braking and temporary energy storage. This allows the vehicle to recover and store energy during braking and then release it to assist with acceleration.

One notable advantage of hydrogen fuel cell vehicles is that they offer longer driving ranges compared to many battery-electric vehicles (BEVs) due to the high energy density of hydrogen. However, there are several challenges to widespread adoption, including the limited availability of hydrogen refueling infrastructure, the energy required to produce and transport hydrogen, and the high cost of fuel cell technology.

Despite these challenges, hydrogen fuel cell vehicles are being developed and deployed by various automakers and governments, particularly in regions where hydrogen infrastructure is being developed to support their use.

Which Automakers are Developing Hydrogen-Powered Cars?

Hyundai N Vision74 (Image Source: Hyundai)

Hyndai just gave the green light for the production of the N Vision 74 Hydrogen-poweered sports care. This vehicle, designed for well-heeled  sports care enthusiasts, will carry an estimated price tag of $160,000 and have superior performance, acoording to MotorTrend.

Nikola plans to start delivering hydrogen fuel cell semi trucks within the next few weeks. Companies like J.B. Hunt and AJR Trucking are lined up to take deliveries. In testing, these trucks show a range averaging over 500 miles, according a report published in Teslarati.com.

Toyota and BMW also have hydrogen fuel-cell vehicle projects underway.

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Inflation Reduction Act: Solar Stocks on the Move in 2023 https://globalinvestmentdaily.com/inflation-reduction-act-solar-stocks-on-the-move-in-2023/ https://globalinvestmentdaily.com/inflation-reduction-act-solar-stocks-on-the-move-in-2023/#respond Tue, 25 Jul 2023 16:28:49 +0000 https://globalinvestmentdaily.com/?p=987 The solar energy wave is upon us, and in many cases the benefits of this emerging technology are starting to be realized. The Guardian reports solar energy has helped the State of Texas avoid rolling blackouts amidst a brutal heat wave that has sent energy demand through the roof. “The additional solar that we’ve had, […]

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The solar energy wave is upon us, and in many cases the benefits of this emerging technology are starting to be realized. The Guardian reports solar energy has helped the State of Texas avoid rolling blackouts amidst a brutal heat wave that has sent energy demand through the roof.

“The additional solar that we’ve had, I think has likely been determinative in making a difference between outages and not having outages,” said Doug Lewin, president of the Austin-based renewable power consulting firm Stoic Energy.

Elsewhere, solar power is gaining converts in areas like Frankfort, Kentucky where coal was once king, according to an AP News Report. The Biden Administration’s Inflation Reduction Act offers up to 30% discounts via tax credits for solar panel installation. For Heather Baggett’s family in Frankfort, it was a good deal.

“For us, it’s not politically motivated,” said Baggett. “It really came down to financially, it made sense.” (Source: AP News)

As you might expect, solar panel stocks are on the rise.

Let’s take a look at First Solar (FSLR)

Daily FSLR Chart (Source: Yahoo! Finance)

First Solar, a leader in solar panel production has seen their stock run up from $70 to a high of $231 over the past 12 months. That’s an impressive 240% increase in share price. And they’ve just inked a huge contract for a solar panel project in Alabama for the Tennessee Valley Authority (TVA).

Two Solar Companies also on the rise over the past 12 months are:

  • Array Technologies (ARRY) ran up from $14 to a high of $25 
  • Next Tracker (NXT) has risen from a low of $28 to a high of $45

But not all solar panel companies have enjoyed the meteoric growth enjoyed by First Solar.

  • Solar Edge (SEDG) has been range-bounc between $228 and $343 per share, and is currently trading at $260, near the bottom of its range in very choppy trading.
  • Enphase Energy (ENPH) is also flat, to slightly down. One year ago, it was trading at $269, and today it’s trading at $179.

There appears to be a sharp divide between companies on the rise in this space and companies that are treading water or faltering. 

Stay tuned to Global Investment Daily for periodic updates on solar energy.

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Wind Energy Overview for the Second Half of 2023 https://globalinvestmentdaily.com/wind-energy-overview-for-the-second-half-of-2023/ https://globalinvestmentdaily.com/wind-energy-overview-for-the-second-half-of-2023/#respond Wed, 12 Jul 2023 16:21:18 +0000 https://globalinvestmentdaily.com/?p=977 Last month, we profiled 3 companies in the wind energy industry. Most companies in this sector are seeing steady gains on increased green energy initiatives around the globe. Wind Energy in the Headlines Wind Energy Outlook for 2023 According to Global Energy Consulting firm Wood Mackenzie, global wind energy will exceed the 1-terawatt threshold for […]

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Last month, we profiled 3 companies in the wind energy industry. Most companies in this sector are seeing steady gains on increased green energy initiatives around the globe.

Wind Energy in the Headlines

Wind Energy Outlook for 2023

According to Global Energy Consulting firm Wood Mackenzie, global wind energy will exceed the 1-terawatt threshold for installed capacity by year-end. One terawatt is equal to 1 trillion watts which is significant when you consider the estimated global demand for power is 17.7 terawatts.

Last month, we looked at three companies in the wind energy arena.

  • Eniti, Inc. (NETI) share prices have increased from $11.45 to $129.98 since this time last month for a 13.36 percent increase month-over-month.
  • Clearway Energy (CWEN) pulled back from $30 per share down to $28.11 for a decrease of 6.3% per share.
  • TPI Composites, Inc. (TPIC) maker of wind turbine blades also pulled back from $12 to $10.55 for a 12.08 percent decrease in share price.

Among these 3 stocks, the clear winner is Eniti, Inc. (NETI).

NETI Daily Stock Chart (source: TradingView)

NETI has made an impressive run-up from $8 in May to $13.18 today.

Other Companies to Watch

  • Vestas (OTC: VWDRY) has gapped-up from $8.50 to $9.15 over the past few days on reports of increased orders.
     
  • General Electric (GE) has shown progressive growth from $64 in early January to today’s price of $111.59 for a 74.35% increase in share price over the year.

General Electric (GE) Stock Performance for 2023 YTD (Source: Tradingview)

Stay tuned to Global Investment Daily as we periodically monitor this sector.

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Top EV Makers Ranked By Sales and Price https://globalinvestmentdaily.com/top-ev-makers-ranked-by-sales-and-price/ https://globalinvestmentdaily.com/top-ev-makers-ranked-by-sales-and-price/#respond Wed, 28 Jun 2023 15:50:12 +0000 https://globalinvestmentdaily.com/?p=968 Whenever I drive around town, I like to play a little game. I count how many Teslas I see on the road vs. Mercedes. It’s an easy game to play. Teslas are easy to spot, and so is the distinctive Mercedes logo. Several years ago, it was rare to spot Teslas on the road. Nowadays, […]

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Whenever I drive around town, I like to play a little game. I count how many Teslas I see on the road vs. Mercedes. It’s an easy game to play. Teslas are easy to spot, and so is the distinctive Mercedes logo. Several years ago, it was rare to spot Teslas on the road. Nowadays, I usually count more Teslas on the road than Mercedes on routine trips.

Make no mistake about it, the EV revolution is in full swing, and it’s backed by tax credits of up to $7,500 which brings the cost of these vehicles in line with internal combustion vehicles. The Biden administration is investing heavily in a nationwide network of EV charging stations to help extend the range of EVs on the road. The Tesla charging connector is becoming the defacto standard in many states like Texas. In the years to come, we will see charging stations everywhere. Even major retailers like Walmart plan to install EV charging stations at thousands of their locations.

Electric Cars Ranked By Price

Although Tesla has dominant market share, InsideEVs.com ranks a wide variety of electric vehicles by price from cheapest to most expensive after tax credits.

The Chevrolet Bolt leads the cheapest cars on the list with adjusted prices in the range of $20,000 – $22,000. There’s a jump in price to the Nissan Leaf which carries a $29,000 price tag. Prices quickly ramp up to the $40,000-$60,000 range.

Source: InsideEVs.com

For the entire list of brands by price, click here.

Sales of EVs are showing a parabolic growth curve since 2016, according to Statista.com. Vehicle sales have ramped up from 150,000 units in 2016 to 1.08 million vehicles in 2023. By 2028, total vehicles sold is expected to be 2.46 million vehicles sold.

EV Sales by Manufacturer

In 2022, Tesla led all other EV makers by a large margin with 51.7% of all EVs sold. Ford was a distant 2nd place at 7%. All of the others represented less than 5% of sales.

Source: Statista.com

Charging stations are expected to rise from 130,200 in 2023 to 290,000 stations in 2027.

EV Stocks in 2023

Tesla (TSLA) ran from $101 to a high of $273 in 2023

Rivian (RIVN) has been range-bound mostly between $14 – $16 in 2023

Ford (F) has climbed from $12 to $14.50 per share in 2023

Daily Chart for Tesla (TSLA) in 2023

Stay tuned to Global Investment Daily as we monitor developments in the EV industry.

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Climate Change Infrastructure Investments Fueling Wind Energy Industry https://globalinvestmentdaily.com/climate-change-infrastructure-investments-fueling-wind-energy-industry/ https://globalinvestmentdaily.com/climate-change-infrastructure-investments-fueling-wind-energy-industry/#respond Wed, 14 Jun 2023 19:00:50 +0000 https://globalinvestmentdaily.com/?p=946 Investing in renewal, green energy is no longer just a concept. It’s happening and several industries are on the move, including solar, battery storage systems and wind energy with the goal fo reducing worldwide dependence on fossil fuels to satisfy global energy demand. The Inflation Reduction Act provides funding and tax credits for analysis and […]

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Investing in renewal, green energy is no longer just a concept. It’s happening and several industries are on the move, including solar, battery storage systems and wind energy with the goal fo reducing worldwide dependence on fossil fuels to satisfy global energy demand.

The Inflation Reduction Act provides funding and tax credits for analysis and investment in wind energy projects, including offshore power generation.

Some of the wind energy companies that are benefitting from the Green Energy Movement include:

  • Eniti, Inc. (NETI) shares have jumped from $7.76 to $11.45 for over a 47% increase in share value
  • Clearway Energy (CWEN) has risen from $28 to $30 in June
  • TPI Composites, Inc. (TPIC)., maker of wind turbine blades, saw shares jump frum $8.55 to $12 since May.

Eniti (NETI) Daily Stock Chart. (Source: TradingView)

For more information on wind energy stocks in Q2 2023, click here

Stay tuned to Global Investment Daily as we continue to follow developments in this sector.

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What Does the Debt Ceiling Deal Mean for SolarStocks? https://globalinvestmentdaily.com/what-does-the-debt-ceiling-deal-mean-for-solarstocks/ https://globalinvestmentdaily.com/what-does-the-debt-ceiling-deal-mean-for-solarstocks/#respond Fri, 02 Jun 2023 02:52:20 +0000 https://globalinvestmentdaily.com/?p=938 With lawmakers reaching agreement on the debt ceiling, one of the winners in the negotiations could be wind and solar energy. The debt ceiling agreement paves the way for the building of interstate transmission lines which is key to Biden’s infrastructure agenda. Specifically, it would ease the permitting process for transmission lines that would carry […]

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With lawmakers reaching agreement on the debt ceiling, one of the winners in the negotiations could be wind and solar energy.

The debt ceiling agreement paves the way for the building of interstate transmission lines which is key to Biden’s infrastructure agenda. Specifically, it would ease the permitting process for transmission lines that would carry clean energy across the country. Once completed, a network of transmission could deliver a steady stream of clean energy from remote rural areas to densely populated urban areas.

With Green Energy projects getting green-lighted nationwide, it could be a boon for solar energy companies. Here’s a list of a few companies in play:

First Solar, Inc. (FSLR) – Since May 5, 2023 FSLR has moved up impressively from $171 to $231 per share.

Canadian Solar (CSIQ) – This stock has also made an impressive run from $35 to a high of $45 since May 16

SolarEdge Technologies, Inc. (SEDG) ran up from $260 to a high of $306 since May 3.

First Solar Daily Chart (courtesy of Tradingview)

As the debt ceiling debates moves behind us, we’ll be keeping an eye on renewable energy projects. Stay tuned.

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What to Know About ESG Investing in 2023 https://globalinvestmentdaily.com/what-to-know-about-esg-investing-in-2023/ https://globalinvestmentdaily.com/what-to-know-about-esg-investing-in-2023/#respond Fri, 12 May 2023 18:10:49 +0000 https://globalinvestmentdaily.com/?p=929 ESG investing stands for Environmental, Social, and Governance investing. It is an investment approach that takes into account the environmental, social, and governance factors of a company when making investment decisions.  Environmental factors include a company’s impact on the environment, such as its carbon emissions, resource usage, and waste management. Social factors include a company’s […]

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ESG investing stands for Environmental, Social, and Governance investing. It is an investment approach that takes into account the environmental, social, and governance factors of a company when making investment decisions. 

Environmental factors include a company’s impact on the environment, such as its carbon emissions, resource usage, and waste management. Social factors include a company’s relationships with its employees, customers, and communities, as well as its impact on human rights and labor practices. Governance factors include a company’s management structure, board diversity, executive compensation, and shareholder rights. 

ESG investing seeks to balance financial returns with social and environmental responsibility. It aims to invest in companies that are sustainable and ethical, and avoid investing in companies that have a negative impact on society and the environment. 

ESG investing has gained popularity in recent years as more investors recognize the importance of considering non-financial factors when making investment decisions. It is also seen as a way to influence companies to adopt more responsible practices, as investors can use their investments as a way to pressure companies to improve their ESG performance.

Characteristics of ESG Exchange Traded Funds (ETFs)

ETFs in the ESG space are careful about screening out companies that don’t score well for the 3 main pillars of ESG Companies.  The ETHO Climate Leadership US ETF (ETHO), for example, screens out any companies associated with fossil fuels, tobacco, weapons and gambling companies, according to a report in US News and World Report.

ETHO Daily Chart (Tradingview)

Other  ESG ETFs mirror the same performance of ETHO, Some of them include:

  • VanEck HIP Sustainable Muni ETF (SMI
  • AXS Change Finance ESG ETF (CHGX)
  • Nia Impact Solutions Fund (NIAGX)
  • Democracy International Fund (DMCY)
  • AXS Green Alpha ETF (NXTE)

Before you consider investing in any ETF, make sure to thoroughly research the fund’s mission and performance.

We will continue to keep an eye on the ESG sector in future reports.

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Are EVs Finally Becoming Affordable for the Masses? https://globalinvestmentdaily.com/are-evs-finally-becoming-affordable-for-the-masses/ https://globalinvestmentdaily.com/are-evs-finally-becoming-affordable-for-the-masses/#respond Thu, 20 Apr 2023 15:46:52 +0000 https://globalinvestmentdaily.com/?p=913 Do you remember, way back when large, flat-panel TVs hit the market? They were all the rage, but the price tag was prohibitively expensive. In 1997, The Phillips/Fujitsu Plasma flat screen TV hit the market with a retail price of  $22,924. The TV was accessible for the very few, but out of range for the […]

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Do you remember, way back when large, flat-panel TVs hit the market? They were all the rage, but the price tag was prohibitively expensive.

In 1997, The Phillips/Fujitsu Plasma flat screen TV hit the market with a retail price of  $22,924. The TV was accessible for the very few, but out of range for the average consumer at an average cost of $30.45 per square inch.

Twenty years later, in 2017, LG produced a 55” TV for $2,300 for an average cost of $1.78 per square inch. The TV provided better quality and resolution than the old plasma TVs at a cost that was far more accessible to the average consumer.  (Source: CNET)

Today, a quick online search shows 55” TVs retailing for under $400 at Bet Buy, Walmart and other retailers. Big screen TVs are now affordable for everyone.

The same trend is starting to appear in the Electric Vehicle (EV) industry.

Back in 2017 the Tesla Model X retailed near $100,000. The same Model X retails for $66,000 in 2023, according to Cargurus

Source: Cargurus.com

Driving around Austin where I live, you might have been able to spot a Tesla or two on the roads while running errands a few years back. Today, I see more Teslas on the road than Mercedes. It’s a game I like to play while driving.

Elon Musk is Driving Down the Cost of EVs, Competition Responds

In a recent article by Reuters, Tesla announced its sixth U.S. price cut, dropping the cost of the Model Y to a base price of $39,990, well into the neighborhood of comparable internal combustion vehicles. When you add EV tax credits of up to $7,500, the price drops even further.

The price reductions are believed to gain market share in the face of EV competition from multiple car makers. And it’s not just in the U.S. Tesla has announced price cuts in China, Japan, Australia, Singapore and Europe as well.

In response, price wars are breaking out in China for comparable EVs, according to an article in the New York Times.

The Biden administration is investing heavily in a national network of EV charging stations as part of his national infrastructure bill. Walmart and other retailers are looking into installing their own charging stations. As the network of charging stations expands across the country, EVs will become not only more affordable, but it will provide greater driving range.

Just like TVs becoming far more affordable over the past few decades, the same is happening with the EV industry.  Stay tuned as we follow this trend.

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