Hi Reader, here's what you need to know for April 27th in 3:11 minutes.

🛢 Oil: we can’t live with it, we can’t live without it – for now. Join Energy Intelligence’s Amena Bakr for The Energy Sector’s New Direction on Thursday, and find out how we can live without it, and how you can profit from the transition. Get your free ticket

Today's big stories

Fresh data showed electric vehicles represented 15% of Europe’s total car sales last quarter
We've laid out 17 energy companies (and 3 ETFs) that stand to benefit from the $2 trillion US infrastructure plan – Read Now
Copper's price hit its highest level in a decade on Monday, and other metals are having a nice time of it too

Fad Men

What’s Going On Here?

At least this is one craze that seems to be hanging around: fresh data showed electric vehicles (EVs) represented 15% of Europe’s total car sales last quarter.

What Does This Mean?

It’s true that there was a slight drop-off in EVs’ market share last quarter from the quarter before, but that doesn’t tell the whole story. For one thing, the quarter before saw manufacturers rush to ship EVs that would meet newly introduced stricter emissions rules. And for another, EVs’ market share last quarter was still double what it was at the same point the year before. That continued growth might come as a relief to traditional carmakers, which have spent a lot of money on electrifying their fleets – and a lot of energy convincing investors that the extra costs will be worth it in the end.

Why Should I Care?

The bigger picture: China isn’t invincible.
Europe overtook China as the biggest EV market last year, and that’s a title the region’s expected to defend in 2021. Germany, France, and Italy, after all, boast generous subsidies, while Volkswagen – the region’s biggest carmaker – is slated to release a whole host of new EV models. Speaking of, Volkswagen has its eye on a title of its own: the German giant became the top EV-maker in Europe in 2020, and now it’s aiming to usurp Tesla as the global leader by 2025.

For markets: Tesla has tough days ahead.
Carmakers earn regulatory credits on every EV they sell, but legacy carmakers haven’t traditionally sold enough to stay compliant with emissions rules. Tesla, meanwhile, has more than enough, so it sells them on. And since they don’t cost the company a thing to produce, the admittedly small revenue tends to disproportionately boost the carmaker’s profits. But there’s trouble ahead: the more EVs traditional carmakers sell, the fewer regulatory credits they need from Tesla – which could hit the carmaker’s bottom line (tweet this).

You might also like: How to profit from the transition to EVs.

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2. Analyst Take

The 17 Companies Set To Benefit From Biden’s $2 Trillion Infrastructure Plan

What’s Going On Here?

There’s no denying that Biden’s $2 trillion-plus infrastructure spending plan will be a big deal for companies and investors alike.

If the proposal passes, it’d unleash $750 billion worth of spending on the energy sector alone.

Think companies that specialize in renewable energy, or electric vehicle charging, or battery storage – the list goes on.

Fortunately for investors, many of the companies in line to benefit have publicly listed shares. But not all the potential winners are obvious.

So that’s today’s Insight: which parts of the energy sector look particularly promising, and the 17 stocks you might want to invest in.

Read or listen to the Insight here

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