Business

Electric Vehicle Industry Faces a Manpower Void as Colleges Race to Fill It

Published

9 months ago

August 2, 2024

The electric vehicle (EV) industry has developed at an unforeseen rate since catching public attention in the late 2000s. In 2023 alone, new electric car registrations in the United States reached 1.4 million, a 40% increase compared to 2022.

This surge in demand is not limited to the U.S.; Europe and China also saw significant increases in EV sales, with Europe recording nearly 3.2 million new registrations in 2023. With the market showing little signs of slowing down, EV sales are projected to reach around 17 million globally in 2024. That represents a 20% increase from the previous year.

Multiple factors, including government incentives, advancements in battery technology, and a growing consumer preference for greener transportation options, contribute to such robust growth.

Despite the positive outlook, the industry nonetheless holds its fair share of issues. Supply chain disruptions, battery metal price fluctuations, and increasing competition create market volatility.

Additionally, the sheer speed with which electric vehicles have been adopted has revealed a critical challenge: the skills gap in the workforce needed to support this burgeoning industry. The rise in EV purchases has also led to the need for a specialized workforce capable of designing, manufacturing, and maintaining these advanced vehicles.

Addressing the Skills Gap

The transition to electric vehicles requires a workforce equipped with a rather hefty and technical toolbox of skills. According to the Institute of the Motor Industry, stakeholders must urgently address retraining efforts to avoid facing a shortfall of 35,700 qualified technicians by 2030. This skills gap risks the industry’s growth and the broader goal of achieving zero-emission transportation.

To bridge this gap, educational institutions are stepping up to provide specialized training programs. Nova Anglia College(NAC) in Brisbane, Australia, is among the first to do so. NAC offers a non-engineering Bachelor of Technology in Electric Vehicles, a unique program designed to provide the theoretical knowledge and practical skills needed in the EV sector. Unlike traditional engineering programs, NAC’s curriculum combines vocational training with engineering principles.

Harpreet Kaur, the founder and CEO of Nova Anglia College, says that being one of the country’s first EV colleges, “We specifically designed and accredited our program to match near-future manpower demands. We provide specializedqualifications to support the global zero-emission initiative better.“

Skills for Future EV Professionals

The skills required for a career in the electric vehicle industry are diverse. Future EV professionals must be proficient in battery management, electric powertrain systems, and autonomous vehicle technology. Additionally, they must possess cross-domain engineering skills, including software development, electrical engineering, and electronics.

Nova Anglia College’s program is specifically designed to provide many of these skills. The curriculum includes courses on electric powertrain controls, vehicle mechanics, battery engineering, and embedded systems. Students also gain hands-on experience through industry placements and laboratory work, making them job-ready upon graduation.

Expert Projections for the Future EV Field

Industry experts agree that the transition to electric vehicles represents one of the most pivotal movements in the automotive sector since the Industrial Revolution. Josh Boone, executive director of EV advocacy group Veloz, notes, “This is one of thebiggest changes since the Industrial Revolution, and it’s not just transforming what powers the car.“

The demand for skilled professionals will only increase. Educational institutions like Nova Anglia College stand to play an essential role in preparing the workforce for this future. The need for sufficiently skilled workers must be addressed for the electric vehicle industry to continue its success.

Fortunately, with institutions like Nova Anglia College preparing the next generation, we can rest easy knowing the green revolution will keep going.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

5 days ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.