America's Gas Crisis Is A Boon For These EV Companies

May 25, 2021 -

It's one of the most devastating shortages in the energy markets since the 1970s.

And soon, it could spark the beginning of the next phase of the EV boom…

Creating opportunity for up-and-comers like Facedrive (TSXV:FD,OTC:FDVRF).

Earlier this month, 5,500 miles of the Colonial Pipeline were shut down by a hacker group called DarkSide.

The attack left millions along the entire east coast of the United States unable to fill their tanks.

The operators of the pipeline were forced to pay an incredible $5 million in ransom to regain control of the pipeline again.

But today, Americans are still reeling from the effects of this major shutdown more than a week later.

Up to 80% of gas stations in Washington D.C., for example, are still without gas.

And this is the story still throughout much of the east coast.

Pandemonium Breaking Loose

The shortage has led to panic buying unlike any we’ve seen in years, which has led to bizarre tweets from government agencies warning against unsafe hoarding behaviors.

And it's even brought on physical brawls, breaking out at gas stations from Georgia to North Carolina and beyond.

It could still be several weeks before the disruption is totally solved and pumps are ready to fill tanks again throughout the United States.

Which is why this could be a major inflection point for EV industry related companies like the ridesharing darling, Facedrive, which has launched for an impressive 437% rise since last March.

And while this particular gas crisis may be short-lived, these types of shortages have been happening far too often recently.

This issue seems to pop up at least every few years, whenever the Florida coast is hit with hurricanes, shutting down pipelines and leaving cars with empty tanks again. In January 2021 there was a temporary shortage of natural gas that sent those prices soaring.

And it's brought on flashbacks of a time in 1973 when the oil embargo left Americans in a similar situation to what we're seeing today.

After seeing the pumps dry up time and again, it's brought many scrambling to find out what comes next.

That's why Gizmodo recently said, "The east coast gas frenzy is a warning for the future of driving."

Bloomberg wrote, "Drivers tend to shrug off high gas prices, but the gas crisis coincides with a wave of EV curiosity."

And the Atlanta Journal-Constitution reported, "Electric cars pick up speed during the gas slowdown."

It should come as no surprise that this is probably accelerating the trend toward EVs, as this has been among the biggest trends in the market over the last several years.

And with EV drivers hardly noticing the gas shortage (aside from the lines at the pump that they pass by on their way to their destination)...

It's leading to a brighter future for opportunities like Facedrive (TSXV:FD,OTC:FDVRF).

The Next Stage of EVs

Facedrive may have found its golden moment after its revenue soared 552% since last year.

It’s built a collection of EV verticals at a time when people are concerned about running out of gas and more enthusiastic than ever about electric vehicles.

Facedrive has built an ecosystem that sidesteps the issues we're seeing today by creating a "people and planet first" philosophy.

Their signature ridesharing service helped put them on the map over the last couple of years.

Facedrive is different from its competitors in that they offer riders the option to hitch a ride with an EV or hybrid vehicle rather than gas-powered vehicles.

And this is particularly important as Bloomberg recently reported that Uber drivers are feeling the pinch today as well

With a continuing rise in demand for ridesharing today, right now there's not enough gas in many places for Uber and Lyft drivers to even fill their cars to pick up passengers.

But with Facedrive, their model helps many of their drivers steer clear of any issues in that area.

Getting Over the Last Hurdles

The EV craze has taken off recently with major companies and investment funds all pushing to get behind the growing green movement.

But while many people are showing interest in going electric, the cost of buying a new EV can be a major barrier as most prices start around $37,000.

That's why Facedrive also made a power move by acquiring the revolutionary EV company, Steer, from Exelorate Enterprises, a subsidiary company of the leading energy company, Exelon Corporation.

Steer initially set out to challenge the old car ownership model by adopting a monthly subscription model instead.

So rather than paying $37,000 or more upfront for your own EV, Steer offers subscribers the chance to borrow one for a much lower monthly price.

With a Steer subscription, you've got your pick of luxury electric vehicles to choose from on their virtual showroom.

And after choosing the EV of your dreams, you can either keep that for as long as you're a subscriber or trade it in for another.

This has been boosted during the age of COVID-19 when people would much prefer to drive solo.

That success has led Facedrive (TSXV:FD,OTC:FDVRF) to expand Steer’s operations from Washington D.C. across the border to the major metro hub of Toronto.

Finally, with restaurants still opening up amid the gas shortage, Facedrive has seen huge growth with their investments in their food delivery service, Facedrive Foods.

And while the pandemic has finally started slowing down, many are still embracing the contactless options to get their fix from their favorite restaurants.

That’s why Facedrive Foods has been offering completely contactless delivery with thousands of restaurant partners at the moment.

And as this has continued to grow, they're now delivering 5,000 deliveries per day on average.

Facedrive Still Heating Up

With concerns about gas shortages increasing during the EV surge, it hasn’t stopped Facedrive from continuing their year of massive growth.

Even with most of the world shut down and staying home more than usual, Facedrive had a more than 6x jump in revenue in 2020 compared to the year before.

And now that the world is set to open up again amid the vaccination push, Facedrive could see another major boost through the rest of 2021.

Today, the gas shortage from the Colonial Pipeline attack is looking like just the excuse many needed to make a shift to EVs.

And while it could lead some to eventually buy electric vehicles of their own as the economy recovers, Facedrive has positioned itself to be a major player in the car as a subscripton portion of the recovery.

Between the ridesharing, food delivery, and subscription car ownership models, Facedrive looks set to continue their year of growth in the days ahead.

Other companies to watch as infrastructure woes spur alternative fuel adoption:

NFI Group (TSX:NFI) is another one of Canada’s home-grown electric vehicle pioneers producing transit busses and motorcycles. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.

In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors. This is huge because it gives investors an opportunity to gain exposure to this booming industry while the stock is cheap and hold steady until the market finally discovers this gem.

Not to be outdone, GreenPower Motor (TSX.V:GPV) a thriving electric bus manufacturer based out of Vancouver, is making mvoes on the market, as well. Although for the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over a decade ago, GreenPower has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks.

Year-to-date, GreenPower has seen its share price soar from $2.03 to its current price of $20.26 That means investors have seen nearly 1000% gains over the past year. And with this red-hot sector only going up, GreenPower will likely continue to impress.

Another roundabout way to gain exposure to the booming alternative fuel industry is through AutoCanada (TSX:ACQ), a company that operates auto-dealerships through Canada. The company carries a wide variety of new and used vehicles and has all types of financial options available to fit the needs of any consumer. While sales have slumped this year due to the COVID-19 pandemic, AutoCanada will likely see a rebound as both buying power and the demand for electric vehicles increases. As more new exciting EVs hit the market, AutoCanada will surely be able to ride the wave.

Magna International (TSX:MG) is a great way to gain exposure to the alternative fuel market without betting big on one of the new hot automaker stocks tearing up Robinhood right now. The 63 year old Canadian manufacturing giant provides mobility technology for automakers of all types. From GM and Ford to luxury brands like BMW and Tesla, Magna is a master at striking deals. And it’s clear to see why. The company has the experience and reputation that automakers are looking for.

Magna saw the battery boom before most. In fact, more than ten years ago, it was already making major moves in this emerging market, investing over half a billion dollars in battery production while the market was still gaining traction. Back then, electric vehicles as we know them had barely hit the scene, with Tesla launching its very first car just two years before.

Similar to Magna, Celestica (TSX:CLS ), is a company that saw this trend before it took Wall Street by storm. As a manufacturer of key technology in this industry, it has gained a lot of ground, especially in recent years. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and healthcare tech.

Celestica’s future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.

By. Mira Hernandez


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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