Biden's $2.5 Trillion Infrastructure Plan Could Send These EV Stocks Soaring

May 14, 2021 - OilPrice.com


A massive $2.5-trillion infrastructure plan could send EV companies--and many of their tie-ins--to record new heights.

And some investors are getting ready to pile in like never before as the “green tidal wave” prepares to reach tsunami proportions. 

They’re already on the move … and tie-in stocks, companies that are related to the EV industry like Facedrive (TSXV:FD; OTC:FDVRF), the original EV ride-share platform and the new owner of EV car subscription services company Steer, are aiming to ride the green tidal wave too. 

Some analysts believe EV stocks are expected to move 40% higher this year alone. 

“We believe with a Biden-driven green tidal wave in the U.S., coupled by brisk EV demand in China and Europe, that the EV sector is entering a golden age with a new auto supply chain being built over the next decade,” Wedbush Securities analyst Daniel Ives wrote in a note. 

Ives has a bull case price target of $1300 on Tesla after the EV pioneer delivered Q1 delivery numbers that were far better than expected. 

And anticipated tax credits could end up being $10,000--a number that could make EVs fly out of showrooms and filter down to innovators like Facedrive-owned Steer, the EV subscription pioneer that aims to revolutionize how Americans view their car ownership. 

Steer also plans to create tons of new EV converts, with early data showing that the majority of their subscribers are first-time EV drivers. Some 70% of Steer members have never even driven an EV before. That means that these are new converts. New converts suggest high potential growth. 

"We are hearing from our contacts in the Beltway that $7,500 tax credit could potentially be $10,000 in terms of a credit and that's going to be a massive catalyst not just for Tesla, but for the EV ecosystem in the U.S.," Ives told Yahoo Finance Live.  

Facedrive: The Tip of the Green Tidal Wave

The “golden age” of the EV sector reaches far and wide … to possibly propel tie-in stocks with upside to new heights. 

Pure play EV-makers like Li Auto (NASDAQ:LI), Xpeng (NYSE:XPEV) and Nio (NYSE:NIO)--all of which have returned fantastic delivery results, are good bets that can still be bought, but some investors are looking for bigger risk/reward plays because solid deliveries are already expected for EV makers. The standards are already high.

What they’re looking for is a disruptor …

And that might just be Facedrive’s Steer

After launching the world’s first carbon-offset ride-sharing service in 2019, Facedrive (TSXV:FD; OTC:FDVRF) went on to make a series of acquisitions across multiple ESG, tech-driven verticals from carbon-offset food delivery to social distancing solutions … it scooped up Washington, D.C.-based Steer, an innovative new service with huge ambitions.

Steer, which Facedrive acquired from a subsidiary of energy giant Exelon, is an all-inclusive, monthly, risk-free car subscription service that features 100% electric, plug-in, and hybrid vehicles. 

It was designed by a group of forward-thinking innovators who are determined to take the EV revolution one step further by changing the way people view car ownership, forever… 

This is where EVs become a Netflix-style service. 

Steer was designed by millennials who are tired of the annoying and cumbersome process of buying, insuring, and maintaining a car …

It was designed by millennials who have no desire to haggle with car salesmen or mechanics. 

It was designed by millennials who understand what other millennials want. 

And they want car use to be as easy as streaming a series on Netflix.

Today’s market is all about on-demand services, hassle-free transactions, simplicity, and flexibility. It’s about changing things up instead of committing to a single-vehicle for years. 

And if it can all be environmentally friendly … then more power to it. 

Steer is the first carbon-reduced subscription option, and it’s as smooth as Netflix.


Steer offers subscribers their own virtual gallery and their own concierge who delivers the cars on demand and assists with charging, either at home or on the road. 

There’s no mileage limit and the concierge service helps remove that “range anxiety” many new EV converts or potential converts may have. 

The car subscription market is predicted to top $12 billion by 2027, and all the big car makers are making moves on it, from Porsche to Volvo … and even to Hertz itself, which sees a huge opportunity here. 

And Facedrive (TSXV:FD; OTC:FDVRF) has been a harbinger of new opportunities in the tech-driven ESG trend for some time.  

This Canadian “Silicon Valley” poster company for the intersection of people, planet and profit wasn’t just the first to launch carbon-offset ride-sharing and food delivery services, not to mention its acquisition of the first company, Steer, to take the emerging car subscription trend to the ESG level …

It’s also a tech innovator that’s been headlining efforts in the COVID-19 recovery with its TraceSCAN contact-tracing technology and wearables, which have applications far beyond our current pandemic. 

The growth runways for a tech innovator that can get out in front of new consumer demands with offerings that are exactly what today’s Big Money investors in green businesses are looking for, is a company worth keeping a close eye on in the coming weeks and months. 

Renewable Companies Set To Benefit From Biden’s Infrastructure Plan

NextEra Energy (NYSE:NEE) is shining star in the renewable world. NextEra is the world’s leading producer of wind and solar energy, so it’s no surprise that it has received some love from the ‘millennial dollar.’

In 2018, the company was the number one capital investor in green energy infrastructure, and fifth largest capital investor across all sectors. No other company has been more active in reducing carbon emissions. And they’re just getting started. By 2025, the company aims to reduce their own emissions by 67 percent while doubling their electricity production from a 2005 benchmark.

To put this into perspective, if all of America’s utilities were able to achieve NextEra Energy’s projected 2025 emissions rate, absolute CO2 emissions for the power sector would be approximately 75% lower than they were in 2005.

Companies like Enphase Energy (NASDAQ:ENPH) are poised to win big as well. And that’s largest thanks to its innovative approach to the industry. In the past few years small inverters – microinverters – have been making inroads in solar. A separate inverter can be attached to each solar panel in a solar array. While traditional inverters will convert the electricity from a whole solar array based on the output of the least productive solar panel. – the weakest link. So if one panel of the array is in the shade and the rest of the array is in bright sun, the inverter will convert the DC electricity from the whole array at the level of the shaded panel.

Microinverters don’t have that problem – the power from all panels is converted at the maximum production rate for that panel. And Enphase is the leading microinverter manufacturer. Enphase is also inventing new systems for connecting microinverters in a solar array that speed up the installing process. The company also makes equipment that connects solar arrays to the Internet and allows online monitoring – data collection and management.

Big Tech Is Jumping On The Renewable Bandwagon, As Well

Amazon (NASDAQ:AMZN), for example, has committed to the ESG push in a big way. And on multiple fronts. In 2019, founder and CEO Jeff Bezos launched a landmark $10 billion climate change fund, but that was only the start of its deep dive into sustainability. In fact, since then, Amazon has even dove into the transportation of the future, leading a $700 million investment round in the groundbreaking EV startup Rivian. Additionally, it just recently unveiled a concept car from its robo-taxi acquisition, Zoox.

But Amazon hasn’t stopped there. Bezos’ e-commerce giant has also pledged to go completely carbon neutral a full decade ahead of the Paris Climate Agreement. And as a part of that pledge, Amazon has committed to powering all of its operations by 100% renewable energy by 2025.

Not only is Amazon looking to power its own operations with renewable energy, it’s also aiming to transform its own supply chain. From sustainable packaging and ethical and responsible sourcing, Amazon is going above and beyond to make sure it is setting a positive example for the entire market.

In a statement on its website Amazon noted, “We believe supply chain transparency is crucial to our approach to human rights due diligence and ensuring worker protections. We publish our supplier list to provide customers and external stakeholders visibility into where we source and to contribute to transparency efforts across industries. When we receive information about potential issues in our supply chain, we investigate and take appropriate action to remediate.”

Alphabet Inc. (NASDAQ:GOOG), in particular. It has consistently remained one of the technology industry’s most-sustainable and most admired companies thanks to its committed leadership and groundbreaking innovations. It’s bid to reduce its carbon footprint has been well received by both younger and older investors. And as the need to slow down climate change becomes increasingly dire, it’s easy to see why.

Despite being one of the largest companies on the planet, in many ways Alphabet has lived up to its original “Don’t Be Evil” slogan. Not only is it powering its data centers with renewable energy, it is also on the cutting edge of innovation in the industry, investing in new technology and green solutions to build a more sustainable tomorrow.

Alphabet CEO Sundar Pichai explained, “We are committed to doing our part. Sustainability has been a core value for us since Larry and Sergey founded Google two decades ago. We were the first major company to become carbon neutral in 2007. We were the first major company to match our energy use with 100 percent renewable energy in 2017. We operate the cleanest global cloud in the industry, and we’re the world’s largest corporate purchaser of renewable energy.”

Facebook (NASDAQ:FB), as one of the world’s largest technology companies, has completely changed the game. It has taken a particularly innovative approach in creating a more sustainable future and has become an example for the entire industry. Its data centers are some of the most energy-efficient - and water-efficient - in the world.

It has taken the climate goals particularly seriously. Not only have they accomplished their goal to run on 100% renewable energy by the end of 2020, they’re working to build more water-efficient data centers. In fact, their data centers use 80 percent less water than typical data centers.

Facebook has even gone a step further with its focus on building more sustainable workplaces. It’s building designs incorporate a number of renewable energy sources and water recycling methods, in addition to promoting the recycling and sustainability of all products consumed on site.

Microsoft (NASDAQ:MSFT) is another tech giant going above and beyond in its emissions goals, aiming to be carbon neutral in the next ten years. A feat that will not be an easy task for such a massive technology corporation. Additionally, Microsoft has also pioneered new solutions to aid other companies in curbing their emissions as well.

The tech giant has made numerous investments in clean energy across the globe. From Ohio to the Netherlands, Microsoft is pouring millions into solar and wind projects to not only help reduce its own carbon footprint, but also help neighboring communities do the same.

In addition to its investments and green operations, Microsoft is also building the next generation of hardware and software to help the world reduce its dependence on fossil fuels. Its Azure IoT, for example, connects and manages internet-connected solar panels to improve efficiency and open a line for an entirely new way of sharing energy within communities.

Conor Kelly, the software engineer who is leading the distributed solar energy project for Microsoft Azure IoT explained, “We need to decarbonize the global economy to avoid catastrophic climate change,” adding, “The first thing we can do, and the easiest thing we can do, is focus on electricity.”

Canada’s Silicon Valley is joining the ESG race, too. Shopify Inc (TSX:SHOP) Canada’s own e-commerce giant helps users build their own online stores. It has huge clients – everyone from Tesla to Budweiser are on board. And the company is beloved by millennial investors. In addition to its revolutionary approach on e-commerce, Shopify is playing an increasingly active role in creating a greener tomorrow. It has committed to spending at least $5 million annually to help combat climate change. It’s even making cuts throughout its own operations, decommissioning its data centers and sourcing renewable power for its buildings.

Not to be outdone, Canada’s largest telecom companies Telus and Shaw are making their own bets on renewable energy. Telus Corporation’s (TSE:T) long-standing commitment to putting its customers first fuels every aspect of its business, has had it a definitive leader in Canada. In fact, Telus Health is one of the country’s biggest healthcare IT providers. And it’s done so with sustainability in focus.

Driven by its goal to connect all Canadians for good, it has contributed over $55 in community giving, reduced emissions by 31% and has four consecutive years on the Dow Jones Sustainability World Index.

Shaw Communications Inc (TSE:SJR.B), for it’s part, is making major waves as well. Its dominance in Canada’s telecom sector means that if any internet-based services want to operate, they’ll likely be utilizing the company’s infrastructure. After all, without telecoms, these TaaS companies would not be able to operate. And that’s not necessarily a bad thing when you consider Shaw’s sustainability goals. In fact, it is one of the biggest customers of Bullfrog Power which sources its electricity from a blend of wind energy and hydropower.

Sustainability isn’t all about renewable energy, either. Sometimes it’s about the food we consume. Burcon NutraScience Corporation (TSX:BU) a Canadian tech firm rethinking the plant-based diet, is a prime example. With a focus on high-purity, sustainable, flavorful, and affordable products, Burcon has checked every box in the consumer’s book. Founded way back in 1998, the company has been at the forefront of the movement for over two decades, and it’s only become more refined since.

According to its mission statement, Burcon “seeks to improve the health and wellness of global consumers through the discovery and development of sustainable, functional and renewable plant-based products for the global food and beverage industries.”

Else Nutrition Holdings Inc. (CSE:BABY) is another innovative plant-based lifestyle company from Canada. Else Nutrition has taken a different approach than many of its competitors, targeting a particularly young market – babies. Else was a first-mover in this space, offering a well-rounded, clean, sustainable and most importantly, plant-based, approach to baby food.

Their products aim to deliver al of the same benefits as typical baby food, but with an organic twist. In fact, 92% of their products are made from three core healthy ingredients, almonds, tapioca, and buckwheat. And the best part, is they never alter the plants’ chemistry or remove any of the micronutrients, they just alter the texture.

B. Pauline Calfe

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Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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