Here's Why Electric Vehicle Stocks Have Exploded This Year
November 27, 2020 at 09:32 AM EST
Friday, November 27, 2020 Here's Why Electric Vehicle Stocks Have Exploded This Year The electric vehicle boom has been one of the few bright spots for investors in 2020. Tesla has seen its stock price climb by more than 445% this year. NIO stock has soared by more than 1070%. And even charging companies like PLUG have seen their stock price rise by more than 630%. In what has been a perfect storm for this nascent sector, traditional companies have seen their value destroyed, the world’s biggest hedge funds have started to redirect their investments towards ESG stocks and multiple governments are preparing for a clean energy transition as the COVID recovery begins. But amidst all this good news - and what seems to be an irreversible shift in sentiment in global markets - one of the most impressive EV developments of the decade seems to have gone under the radar. The EV industry has finally solved its most pressing problem: accessibility. Electric vehicles are finally making the move from being a luxury for the rich to the transportation of the many. And it isn’t just the sales price that’s dropping, new innovations from companies like Facedrive (TSXV:FD,OTC:FDVRF) mean that even Tesla’s most expensive car will soon be available for the average American. The electric vehicle revolution is well and truly underway, and for investors, 2020 is only the beginning. Solving A Major EV Problem Despite all the hype around electric vehicles and the incredible rate of technological breakthroughs, the truth is that sales of electric vehicles are increasing at a painfully slow rate. There are two main reasons for this: 1) Electric vehicles are yet to reach price competitiveness with gasoline-powered cars. 2) The rate of improvement in the technology means any EV you buy today will likely be outdated within a year or two. But all of that is about to change. Canada’s favorite tech darling, Facedrive (TSXV:FD,OTC:FDVRF), believes it has solved these problems with its recent purchase of Steer – an EV subscription service that means you can not only afford to drive an EV, but you can make sure you are driving the latest model. And it isn’t just Facedrive that loves this idea, Steer is backed by the energy giant Exelon (NASDAQ:EXC) as it tries to disrupt the $5 trillion global transportation market. Because when electric cars become the norm, the entire model of the auto industry will have to change. Just like we all race to get the latest iPhone model or the most modern computer – our desire for the newest electric vehicle will be undeniable. An electric vehicle subscription service like Steer will not only solve the single biggest problem that the EV industry faces, ultimately it could help make electric vehicles the only acceptable choice for most consumers. And for Facedrive (TSXV:FD,OTC:FDVRF), ushering in the new era of clean transportation fits perfectly into its drive to put the planet and people first…. An ESG Revolution By now, the entire investment world is aware of the Environmental, Social, and Governance (ESG) trend that is taking over markets. The CEO of the world’s largest asset manager, Blackrock, believes that we are “on the edge of a fundamental reshaping of finance”. And when a company with more than $7 trillion under management says markets are about to change, it’s generally a good idea to listen. For Facedrive this transformation could not have come at a better time. The company is determined to become the first-ever entirely ESG ecosystem, working on everything from emissions-free transportation and food delivery, to community-centered social and sports apps, and a COVID-tracing system designed to counter the global pandemic. It’s a business model that has sent Facedrive’s market cap above $1 billion and has forced industry giants to go on the defensive. Ultimately, the era of public companies chasing profit at the expense of all else is essentially over. For a modern company to be viable, it must account for and counter any negative impact on local communities or the environment. As the ESG revolution picks up pace, this people-and-planet first approach to business has already grabbed the attention of some incredibly powerful and influential figures. Big Names Making Big Moves It is no secret that some of the biggest names in investment, tech, and finance are determined to use their money for good. Over 3,100 investors with more than $110 trillion under management have signed the Principles for Responsible Investment, which involves including ESG factors in their investment decisions. Elon Musk, Bill Gates, Jeff Bezos, and nearly every other tech billionaire have committed huge sums of money to their pursuit of ‘making the world a better place’. And the biggest asset manager in the world is increasing its exposure to ESG at an incredible rate, which was reflected in the recent report that it has increased its stake in Beyond Meat by more than 40%. Facebook’s purchase of Steer has seen energy giant Exelon come on board. And the COVID tracing technology developed by Facedrive got support from Air Canada, the Canadian government and Microsoft. Facedrive has found itself at a crossroads where big names, big money and big ideas are all colliding. And now its electric vehicle subscription service is promising to help accelerate the hottest investment sector of 2020. As far as Facedrive is concerned, the future has already arrived. Other Canadian Companies Riding The ESG Wave Telecom giant Shaw Communications Inc (TSX:SJR.B) is a great example. Shaw is taking a leadership role among Canadian telecom providers through its use of renewable energy, In fact, it is one of the biggest customers of Bullfrog Power which sources its electricity from a blend of wind energy and hydropower. It is also building its own portfolio of clean energy investments. In addition to its green energy investments, it’s also embarked on an initiative to power its data centers with renewables and even implemented software to create more efficient routes for its drivers which will reduce. BCE Inc (TSX:BCE) is another Canadian telecom giant going to great lengths to reduce its carbon footprint. In fact, the company was named one of Canada’s greenest employers in 2019. For the past 25 years, BCE has been at the forefront of the environmental movement. Their environmental management system (EMS) has been certified to be ISO 14001-compliant since 2009. In addition to its sustainability push, BCE is also a great place to work. It’s one of the country’s top family friendly employers and has magnificent hiring practices, making it a great pick for ESG investors. Boralex Inc. (TSX:BLX) is a homegrown Canadian renewable firm. It has had a great influence in the adoption of renewable electricity domestically, and it’s even branching out into the United States, France and the United Kingdom. The company’s primary energies are produced through wind, hydroelectric, thermal and solar sources and help power the homes of many people across the world. 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. **IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY** Forward-Looking Statements / Forward looking statements in this publication include that Facedrive will be able to expand to the US and globally; that transport in an EV will become much more popular 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. 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; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. 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. DISCLAIMERS This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Company”) owns a considerable number of shares of FaceDrive (TSX:FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically: This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct. SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.