Community Solar Plus Storage Market Outlook

According to our latest research, the global community solar plus storage market size reached USD 4.2 billion in 2024, driven by robust investments in renewable energy and increasing emphasis on grid resilience. The market is expected to grow at a CAGR of 19.7% from 2025 to 2033, reaching a forecasted value of USD 17.3 billion by 2033. This remarkable growth trajectory is fueled by favorable policy frameworks, declining costs of photovoltaic and battery storage technologies, and rising consumer demand for clean, reliable, and locally sourced energy solutions. As per the latest research, the integration of solar and storage in community settings is rapidly transforming the distributed energy landscape, offering tangible benefits for utilities, developers, and end-users alike.

One of the primary growth factors for the community solar plus storage market is the increasing policy support and regulatory incentives provided by governments worldwide. Many countries and states have enacted ambitious renewable energy targets, community solar mandates, and net metering policies that encourage the adoption of shared solar projects with integrated storage. These policies not only make participation more accessible for households and businesses unable to install rooftop systems but also incentivize utilities and developers to invest in scalable, community-based solutions. Furthermore, tax credits, grants, and low-interest financing options have further reduced the financial barriers to entry, making community solar plus storage projects more economically viable and attractive for a broad spectrum of stakeholders.

Another significant driver is the rapid technological advancement and cost reduction in both solar photovoltaic (PV) and energy storage systems. Over the past decade, the cost of solar modules has dropped by over 80%, while lithium-ion battery prices have fallen by nearly 85%. These advancements have made it feasible to deploy large-scale, cost-effective community solar plus storage projects. Enhanced efficiency, improved energy density, and longer operational lifespans of modern storage technologies have further strengthened the value proposition. As a result, project developers are increasingly able to offer competitive pricing and innovative subscription models that appeal to residential, commercial, and industrial customers seeking lower electricity bills, energy independence, and resilience against grid outages.

The growing need for grid reliability and resilience, especially in regions prone to extreme weather events and power disruptions, is also propelling the adoption of community solar plus storage solutions. By integrating storage with solar generation at the community level, these systems can provide backup power during outages, reduce peak demand charges, and facilitate load shifting to periods of lower electricity prices. Utilities benefit from enhanced grid stability, deferred infrastructure upgrades, and improved integration of renewable resources. Meanwhile, end-users gain greater control over their energy consumption, increased access to clean energy, and a hedge against rising utility rates. This convergence of economic, environmental, and reliability benefits is accelerating the mainstreaming of community solar plus storage across diverse markets.

Regionally, North America remains the largest and most dynamic market for community solar plus storage, accounting for over 45% of global installations in 2024. The United States, in particular, leads the way due to its robust policy support, mature financing structures, and a growing ecosystem of developers and utilities. Europe is following closely, driven by aggressive decarbonization goals and grid modernization efforts, while Asia Pacific is emerging as a high-growth region, underpinned by rapid urbanization and government-led clean energy initiatives. Latin America and the Middle East & Africa are also witnessing increasing interest, particularly in off-grid and underserved communities. As these markets continue to evolve, regional dynamics will play a crucial role in shaping the future trajectory of the global community solar plus storage market.

Component Analysis

The component segment of the community solar plus storage market comprises solar PV systems, energy storage systems, inverters, controllers, and other auxiliary equipment. Solar PV systems remain the foundational

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

According to Cognitive Market Research, the global Solar Cell Paste market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.

MARKET DYNAMICS: KEY DRIVERS

The declining cost of solar panels is fueling the Solar Paste Cell Market 

The declining cost of solar energy, driven by technological advancements and economies of scale, is fueling the market demand for solar energy, making solar power increasingly competitive than fossil fuels. Improvements in solar panel efficiency and manufacturing processes have contributed to lower costs which has fueled the demand for solar photovoltaic modules. The rising demand for solar photovoltaic modules has led to an increase in the production of solar modules which has resulted in lower per unit cost of production, henceforth leading to an increase in the supply. Government policies such as tax credits, subsidies, and renewable energy mandates are making solar panels more attractive which is fueling the solar photovoltaic modules demand due to lower cost hence fueling the solar paste cells market. • For instance, the cost of solar photovoltaic modules has fallen by 90% in the last ten decades. The fall in the prices have led to increase in the demand for solar photovoltaic modules, henceforth driving the solar cell paste market.

Increasing global demand for solar energy is fueling the Solar Cell Paste 

Global demand for solar PV is rapidly increasing, driven by the need for clean energy and the rising concerns towards the environment is driving the solar cells paste market. The urgent need to combat climate change and transition towards renewable energy is a major driver of market. Government policies such as net-zero targets all over the globe have significantly driven the solar cell paste market. • For instance, US aims to achieve net-zero emissions by 2050, with a target of reducing emissions by 50-52% below 2005 levels by 2030 which has led to increasing adoption of renewable energy resources hence fueling the market. • By the end of 2024, global solar manufacturing capacity is likely to reach over 1,100 GW, far exceeding the demand for photovoltaic panels henceforth driving the solar cell paste market.

Restraints

High manufacturing cost 

The cost of manufacturing of solar cell paste is often very high for manufacturers owing to availability of raw materials and the rapid change in the price of raw materials. The raw materials used in the manufacturing of solar paste consist of high-purity silver powder, glass powder, and organic raw materials whose prices are highly fluctuating in the market. The silver powder which is significantly used in making the solar cell paste prices is highly fluctuating in nature which is a major restraint for the manufacturers in the solar sector. The high cost of raw materials is often transferred to the buyers which makes the panels quite expensive henceforth reducing the demand for the solar modules which impacts solar cells paste market size. • For instance, with the increasing demand for solar energy India imported 4172 metric tons of silver between January and April 2024, surpassing 3625 metric tons for all of 2023.The fluctuations in silver prices have significantly impacted the cost of production, hence impacting the demand. Introduction of Solar Cell Paste Market

The global solar cell paste market is experiencing significant growth driven by the increasing demand for solar energy and the rapid advancements in the solar sector. Solar cell paste, also known as photovoltaic(PV) silver paste cell manufacturing to form metal electrodes, collect current, and transfer it to the cell’s circuitry, ultimately enhancing efficiency. Global demand for solar PV is rapidly increasing, driven by the need for clean energy and the rising concerns towards the environment is driving the solar cells paste market. Additionally, the falling prices of solar energy have led to an increase in demand for solar modules which is fueling the solar cell paste market demand. Government initiatives including tax cuts and subsidies are significantly contributing to the rising demand for solar cell paste.

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

Renewable Energy Market Outlook

The global market size for renewable energy is projected to grow significantly from an estimated $1.1 trillion in 2023 to over $2.5 trillion by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4%. This remarkable growth is fueled by increasing governmental support, advancements in renewable technologies, and the urgent necessity to mitigate climate change by reducing greenhouse gas emissions.

One of the primary growth drivers for the renewable energy market is the escalating concerns about climate change and the subsequent regulatory policies aimed at reducing carbon footprints. Countries worldwide are increasingly implementing stringent regulations and offering incentives to adopt renewable energy sources. This includes subsidies, tax benefits, and renewable energy credits that are designed to encourage both corporations and individuals to invest in cleaner energy alternatives. For instance, the European Union has set ambitious targets to achieve climate neutrality by 2050, thus significantly bolstering the demand for renewable energy across member states.

Technological advancements play a crucial role in the expansion of the renewable energy market. Innovations in photovoltaic cells, wind turbine efficiency, and battery storage technologies have drastically reduced the cost of renewable energy production, making it more competitive with traditional fossil fuels. For example, the cost of solar photovoltaic (PV) panels has decreased by approximately 80% in the last decade. These technological breakthroughs not only make renewable energy more accessible but also enhance its efficiency and reliability, which are critical factors for widespread adoption.

Investment from the private sector is another significant growth factor for the renewable energy market. Venture capitalists, private equity firms, and even large multinational corporations are increasingly seeing the potential for high returns in renewable energy investments. The entry of significant financial resources has accelerated the construction of large-scale renewable energy projects, ranging from solar farms to offshore wind parks. This influx of capital is crucial for meeting the rising global energy demands in a sustainable manner.

The role of a Renewable Energy Connector is becoming increasingly vital as the renewable energy market expands. These connectors serve as crucial links between various renewable energy systems, ensuring seamless integration and efficient energy transfer. As renewable energy sources like solar and wind become more prevalent, the need for robust and reliable connectors that can handle varying power loads and environmental conditions is paramount. These connectors not only facilitate the transmission of energy but also enhance the overall efficiency and reliability of renewable energy systems. With advancements in technology, modern connectors are designed to withstand harsh weather conditions and provide long-lasting performance, making them indispensable components in the renewable energy infrastructure.

Regionally, Asia-Pacific is expected to dominate the renewable energy market, driven by rapid industrialization, urbanization, and strong governmental initiatives. Countries like China and India are heavily investing in renewable energy infrastructure to combat pollution and meet their growing energy needs. North America and Europe also represent substantial markets due to well-established renewable energy policies and a high level of public awareness regarding environmental conservation.

Energy Type Analysis

The renewable energy market is segmented by various energy types including solar, wind, hydro, geothermal, biomass, and others. Solar energy has emerged as a leading segment owing to its versatility and declining costs. The global push towards solar energy can be attributed to technological advancements that have drastically lowered the cost of solar panels, making them affordable for both residential and commercial use. Additionally, government incentives and policies, such as feed-in tariffs and net metering, have further propelled the adoption of solar energy systems.

Wind energy, particularly from onshore and offshore installations, is another significant segment within the renewable energy market. Improved turbine technologies have enhanced the efficiency and output of wind energy projects. Countries with vast coastal areas, such as the United Stat

Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

Coal fell to 108.35 USD/T on December 1, 2025, down 1.86% from the previous day. Over the past month, Coal's price has fallen 1.14%, and is down 20.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on December of 2025.

In the last five years, turnover in the pharmaceutical industry has fallen by an average of 1.9% per year. Turnover did increase during the coronavirus pandemic, as the industry recorded stable demand at home and abroad and pharmaceutical supply chains remained intact despite pandemic-related shocks. Nevertheless, the pharmaceutical industry was exposed to high cost pressure in the years that followed. For example, chemical goods became massively more expensive in the wake of the energy crisis in 2022. The high prices for energy and primary products have driven up input costs even further in recent years. Procurement risks arose, among other things, from price increases and the lack of advance deliveries from the chemical industry, which cut back on production as a result of the high energy costs. The increased costs could not be passed on in full and had a negative impact on the profit margin. In addition to a decline in demand for vaccines, the economic policy framework, above all the SHI Financial Stabilisation Act, which came into force at the end of 2022 and increased the mandatory manufacturer discount for patented medicines from 7% to 12% for 2023, had a negative impact on the business of industry players. Despite the difficult framework conditions and the continuing crisis in the German economy, sales growth is forecast for 2025. Research expenditure has recently increased. The development and production of biopharmaceuticals is becoming increasingly important. Finally, the export business will also increase again in the current year due to increased demand on the European market. In 2025, industry turnover is expected to reach €95.5 billion, which corresponds to growth of 1.7% compared to the previous year. The producer price for pharmaceutical products should gradually fall again this year. This will allow industry players to generate higher profits again as manufacturing costs fall.It can be assumed that the framework conditions for manufacturers of pharmaceutical products in Germany will continue to prove challenging over the next five years. Due to the extension of the price moratorium on pharmaceuticals until 2026 provided for in the new Savings Act, manufacturers will only be able to pass on inflation-related price increases to a limited extent. In addition, the higher manufacturer discounts act as an additional cost burden and dampen the willingness to invest in the German location. There is growth potential for the industry in the context of digitalisation and automation and the associated development of new business areas. The advancing ageing of society as a result of demographic change, which favours the demand for pharmaceutical products, is an advantage. By 2030, the industry's turnover is expected to grow by an average of 0.5% per year and is therefore likely to reach 97.6 billion euros.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

Gold fell to 4,199.97 USD/t.oz on December 2, 2025, down 0.75% from the previous day. Over the past month, Gold's price has risen 4.93%, and is up 58.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on December of 2025.

The FAO Food Price Index (FFPI) averaged 128.8 points in September 2025. This represents an increase of 3.4 percent compared to the same month of the previous year. Food prices worldwide Some food commodities have been hit harder than others in the past years. Global dairy, meat, and vegetable oil prices were on an upward trajectory in the first half of 2025. Regionally, the European Union (EU) and the UK have experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, yet has picked up again in 2025 in line with the global trend. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, Romania, and Estonia as of April 2025.

The global Copper Indium Gallium Selenide Solar Cells market will expand significantly by xx% CAGR between 2024 and 2031.

The demand for residential applications is rising in the global Copper Indium Gallium Selenide Solar Cells market. 


Demand for 2-3 micrometers film thickness is rising in the global Copper Indium Gallium Selenide Solar Cells market. 


Demand for co-evaporation deposition is rising in the global Copper Indium Gallium Selenide Solar Cells market. 


Demand for energy and power end users is rising in the global Copper Indium Gallium Selenide Solar Cells market. 


Asia Pacific region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current scenario of the Copper Indium Gallium Selenide Solar Cells market

Key opportunity of the Copper Indium Gallium Selenide Solar Cells market

The surge in demand for renewable energy acts as an opportunity for the CIGS solar cells market.

In the past few years, the demand for renewable energy has surged, with governments worldwide coming together for initiatives such as the Paris Climate Agreement the demand for renewable energy such as solar is set to rise in the coming years. Energy security concerns caused by Russia’s invasion of Ukraine have motivated countries to increasingly turn to renewables such as solar and wind to reduce reliance on imported fossil fuels, whose prices have spiked dramatically.

For example, Total global biofuel demand is set to expand by 22% over the 2022-2027 period. The United States, Canada, Brazil, Indonesia, and India make up 80% of the expected global expansion in biofuel use, with all five countries having comprehensive policies to support growth.

Source (https://www.iea.org/news/renewable-power-s-growth-is-being-turbocharged-as-countries-seek-to-strengthen-energy-security)

The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity by 2030 that governments set at the COP28 climate change conference.

For example, In contrast, renewable energy sources are available in all countries, and their potential is yet to be fully harnessed. The International Renewable Energy Agency (IRENA) estimates that 90 percent of the world’s electricity can and should come from renewable energy by 2050.

Source (https://www.un.org/en/climatechange/raising-ambition/renewable-energy)

Renewables offer a way out of import dependency, allowing countries to diversify their economies and protect them from the unpredictable price swings of fossil fuels while driving inclusive economic growth, new jobs, and poverty alleviation. This will elevate the CIGS solar cells market as it directly influences the energy market.

Key drivers of the Copper Indium Gallium Selenide Solar Cells market

Government initiatives for reserving renewable energy to bolster CIGS solar cells market growth.

Governments around the world are promoting the use of renewable energy sources by offering incentives and subsidies to users of solar power. The growing awareness of the negative impact of fossil fuels on the environment has led to a global shift towards renewable energy sources. CIGS solar cells offer a sustainable and clean source of energy, which is driving the demand for CIGS solar cells. Recent years have seen a considerable increase in federal laws and incentives supporting solar investments, and there has been a nationwide surge in the deployment of solar technology at both the distributed and utility scales. More individuals, businesses, and homes have been able to invest in solar thanks to the federal tax credit, which has decreased solar prices and improved long-term energy stability.

For example, A market-based mechanism to enhance the cost-effectiveness in improving Energy Efficiency in Energy Intensive industries through certification of energy saving which can be traded. Units that can achieve a specific energy consumption (SEC) level that is lower than their targets can receive energy savings certificates (ESCerts) for their excess savings. The ESCerts could be traded on the Power Exchanges and bought by other units under PAT who can use them to meet their compliance requirements.

Source (https://ww...

According to data from August 2024, online prices in the United States slightly decreased compared to the previous year, showing signs that inflationary pressures are gradually easing in many e-commerce segments. For instance, online prices in the electronics category decreased **** percent year-over-year, and computers in particular have seen their online prices decrease nearly *** percent compared to August 2023. While other segments like grocery and personal care are still experiencing online price increases (**** percent and *** percent, respectively), inflation in those categories is slowing down compared to the double-digit monthly price increases experienced in those segments in 2022.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

In 1980, the biologist Paul Ehrlich agreed to a bet with the economist Julian Simon on how the prices of five materials would change over the next decade.

Paul Ehrlich had a clear expectation. He thought population growth would quickly deplete the planet’s resources.1 As a consequence, he expected that the cost of resources — including minerals — would rise steeply as they became more scarce.2

This claim got the attention of Julian Simon, who expected the opposite. Simon thought that human innovation and ingenuity would overcome resource shortages, and the price of resources would, therefore, not rise but fall. In the pages of the Social Science Quarterly, he challenged Ehrlich to put money on the line.

Simon offered Ehrlich the chance to choose any resource he wanted for the bet. Ehrlich chose five: chromium, copper, nickel, tin, and tungsten. The two bet $1,000 — $200 on each metal — on whether inflation-adjusted prices of these resources in September 1990 would be higher or lower than they were in September 1980.3 If prices had increased, Ehrlich would win. If they had fallen, victory would go to Simon. The chart below shows us the change in the price of the five materials in 1990 compared to 1980. Note that this is based on the average prices that year, not necessarily the price in September of each year. But the final results of the bet are the same, regardless of whether you take annual average prices or those specifically in September.

All five had become cheaper, so Simon won the bet (and Ehrlich did mail him the check).

The cost of tungsten and tin was more than 60% lower. Copper was around 20% cheaper. Nickel and chromium were only slightly cheaper than a decade before. None of them had increased in price, contrary to Ehrlich’s prediction.

View weekly updates and historical trends for US Retail Gas Price. from United States. Source: Energy Information Administration. Track economic data with…

View monthly updates and historical trends for US Inflation Rate. from United States. Source: Bureau of Labor Statistics. Track economic data with YCharts…

Last week, President Biden signed the $280 billion CHIPs and Science Act. American companies such as Intel and Micron Technology have announced substantial investments in chip manufacturing in an effort to lobby for these subsidies but now announce that they are pulling back as demand for hips used in electronics such as laptops and cell phones is weakening. Semiconductor stocks are struggling, as Micron became the latest chipmaker this week to fret over a slowdown in demand. Still, Micron announced that it will use “anticipated” government grants and credits to help it invest $40 billion by the end of the decade to build out US semiconductor manufacturing capacity. Most of Micron’s production (chip fabrication) is now done in Japan, Singapore and Taiwan. Based on information from the best investing websites, investors have been shunning the sector on concerns that chipmakers are heading into what could be a lengthy sales slump after pandemic years of strong demand. This is also impacting high margin semiconductor chip designers like Nvidia and AMD and even the stocks of makers of the equipment critical to the production of chips such as Lam Research have been hit hard. Summing up, of the ten worst performing stocks in the Nasdaq 100 this month, at least seven are chip stocks and the semiconductor index has fallen about 27% this year. All this just goes to show one why timing is so important to investing in volatile, complex sectors like semiconductors and why government efforts to help them thrive need to be carefully executed, if at all. The same goes for electric vehicles (EV), which is an ecosystem of its own with a lot of moving parts from batteries to rare earths to charger infrastructure. Here China is eating the lunch of America with Europe not all that far behind. My favorite EV pick Ford (F) is raising the price of the F-150 Lightning electric pickup due to higher input prices by about $6,000-$8,500, depending on the model, to a starting price of about $47,000–$97,000. Tesla, GM, and Rivian are also boosting prices so that the median regular car is still about 50% cheaper than a comparable EV. In China, the price gap between a regular car and EV is only about 10%, according to the best stock research websites. EV raw material costs are more than double the average internal combustion engine vehicle costs according to AlixPartners. Again, this is a big advantage to China due to its domestic production of tech metals and lower labor costs. The below chart captures the amazing growth of EVs in the last decade, especially for BRK.B Intrinsic Value: In 2011, only around 55,000 electric vehicles (EVs) were sold around the world and by 2021, that figure had grown to about 7 million vehicles. Until 2014, the U.S. was the EV leader with a strong BRK.B DCF and then in 2015, China’s EV sales grew by 238% and it grabbed the leading position. China now accounts for about half of global EV sales. China has more than a 100 EV automakers and nearly 300 EV models available for purchase, more than any other country, and it’s also home to four of the world’s ten largest battery manufacturers. America and Germany are next with sales each of around 700,000 EVs in 2021, with Tesla accounting for about half of American sales and an increasing BRK.B WACC. Germany hosts some of the biggest EV factories in Europe, with Tesla, Volkswagen, and Chinese battery giant CATL either planning or operating ‘gigafactories’ there. Strategic Wealth’s stock EV recommendations such as Chargepoint (CHPT) are in a strong uptrend. Become a member today to get all our ideas to help you build wealth.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.