Why EV Stocks Are Poised To Explode This Summer

June 02, 2021 - Baystreet.ca

Hundreds of billions of private dollars are being poured into the EV industry … and that’s on top of Biden’s $174 billion for subsidies and charging stations. 

There is no stopping the surge. 

General Motors (NYSE:GM) is investing $27 billion in EVs over the next five years. It used the Superbowl for its breakout. Now, it’s mainstreaming them as the all-American car choice.  

Ford (NYSE:F) is doubling its investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.

Amazon (NASDAQ:AMZN) dumped $700 million into EV startup Rivian, and as of January, it’s managed to boost its funding haul to $8 billion

The United States Postal Service signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.

United Airlines (NASDAQ:UAL) just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.

And Tesla’s (NASDAQ:TSLA) recent earnings report blew the roof off the electric house, with car deliveries doubling in early 2021. 

The U.S. Government fleets plan to go all electric, and profits are starting to plug-in for investors who saw the future in advance.

In a 12-month period …

Blink Charging (NASDAQ:BLNK) is up more than 1,509%...

Chinese Nio (NYSE:NIO) has gained 657%...

General Motors (NYSE:GM), whose stock couldn’t make a move at all prior to its EV push, has gained 94%
Now, it’s time to look for the next EV tie-in play.

Nothing fits that sentiment better than Canadian Facedrive (TSXV:FD,OTC:FDVRF). The innovative pioneer of carbon offset ride-sharing has been acquiring companies and adding EV tie-in verticals at a rapid clip over the past year. 

With these acquisitions, they’ve brought the EV boom into ride-sharing, food delivery and most stunningly, the emerging trend of car subscriptions.

All this is partly why they’ve seen shares jump over 45% over the last year…

And there’s likely much more to come here because this is a revenue growth story. 

Over the last twelve months, Facedrive's revenue grew by 552%

And now that Facedrive has announced a major government investment in their technology, we think their business could be set to take off in 2021.

Here are 3 reasons why you should be paying attention to Facedrive right now:

1 - Leveraging Auto Giants for the Gig Economy

Many of the biggest EV stories of late have come from auto giants unveiling new models or companies working on building out the infrastructure, like Blink Charging ...

But Facedrive--always an innovator--is taking a different approach.

Instead, they’re using the cars those automakers have already made and turning them into an EV-related ecosystem.
Uber built its $96-billion business by leveraging cars that weren’t their own.

Facedrive (TSXV:FD,OTC:FDVRF) is aiming to do the same. It’s connecting customers to EVs through ride-sharing, food and pharma delivery and via car subscriptions with its most recent acquisition of Exelon-backed, Washington, D.C.-based Steer

Their ride-sharing model is simple. 

Customers request a ride and then pick conventional, hybrid or EV (at no extra charge). 

Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.

Through next-gen tech and partnerships, they’re bringing EVs into the gig economy and leveraging them for revenues, without manufacturing a thing. 

That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.

Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities across the U.S. and Canada soon.

But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.

2 - Reinventing The Standard Model

EV demand is soaring and looks unstoppable. 

By mid-decade, it’s forecast we’ll have the choice of more than 400 EV models. 

Forecasts say this could push EV sales to between six million and 11 million vehicles by 2025, rising to between 11 million and 19 million units a year by 2030.

With Facedrive’s acquisition of Steer, drivers can get the benefits without the large upfront cost.

Facedrive recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.

This is where Netflix meets the EV boom, for a double surprise that could turn traditional car ownership model on its head.

With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their own virtual gallery of EVs, delivered on demand by concierge service.

So they can borrow one whenever they need it instead of buying an EV outright - and at a fraction of the cost of buying.
They had been up and running in the Washington D.C. market already…

And they’ve seen so much interest there that they’ve decided to expand further north, to roll out the service in Toronto as well.

Facedrive already has two of the largest metro areas in North America up and running, the eco-tech innovator is paving the way for a completely unique way to save drivers money in the EV boom.

3 - Eco-Friendly and Working on the COVID Front Lines

While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also been playing a role in the fight against COVID-19 in Canada. They're helping people get back to work—more safely. 

Partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN. 

It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.

That’s great news for those working in schools, airports, mining, long-term care facilities, and more.

And the demand for TraceSCAN has increased in recent months, as businesses work to open safely and responsibly.

Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this technology.

They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.

And the government of Ontario is investing $2.5 million to help speed up the deployment of TraceSCAN to more users.

That started the ball rolling in a major way, with Facedrive as a tech innovator pressuring other governments and businesses around the world to adopt measures to get people back to work safely and jump start economies.

2021 Is Where We Cement Our Electric Future

The EV boom isn’t just limited to manufacturing cars. 

It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.

Facedrive (TSXV:FD,OTC:FDVRF) fully expects to see its growth wave continue as it brings EVs to ridesharing, food delivery, and possibly the biggest disruptor yet--subscriptions.

Other Companies To Watch As Electric Cars Boom

Due in large part to its exposure to the renewable energy market, Celestica’s (TSX:CLS) 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.

Like the rest of the market, Celestica fell victim to the massive selloff sparked by the global COVID-19 pandemic, seeing its share price fall into the $2 range in March 2020. Since then, however, the stock price has soared by nearly 400% to its current trading price of $8.60.

Maxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.

Maxar has seen its share of up and downs, but investors are finally taking note on its true potential. While it slumped a little bit earlier in the year, it’s finally starting to gain some traction. And as the company snags more deals, it could very well continue to climb.

Lithium Americas Corp. (TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. And it’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

Magna International (TSX:MG) isn’t necessarily an EV producer, but it is a great way to gain exposure to the EV - and by extension ESG - market without betting big on one of the new hot automaker stocks tearing up Robinhood right now.

More than a decade ago, Magna International was already making major moves in the battery market, investing over half a billion dollars in battery production while the market was still in its infancy. At the time, electric vehicles as we know them had barely hit the scene, with Tesla launching its premiere car just two years prior. Magna’s massive investment has paid if in a big way, however. Since its battery bet, the company has seen its valuation soar by tens of billions of dollars, and it has solidified itself as one of the leaders in the business. 

Like Magna, Westport Fuel Systems (TSX:WPRT) is another hardware and tech provider in the auto-industry.It builds products to help the transportation industry reduce their carbon footprint. It is an important company to watch as new fuels and new forms of energy take the spotlight. Especially as the world races to leave behind traditional gasoline and diesel-powered vehicles. That’s because, while it is a manufacturing play at heart, it offers a particularly unique way to gain exposure to the alternative fuels market. As a key manufacturer of the hardware needed to build natural gas and other alternative-fueled cars, Westport is definitely a company to watch in this scene.

By. Chris Wintle


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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