The primary few months of Biden’s administration have made one factor clear, the EV growth is simply getting began.

And it could be those that are already forward of the curve that could possibly be the largest winners.

Biden has already mentioned local weather change is “the primary problem going through humanity…”

And now, he’s signaled a serious shift, stating he plans to interchange the whole authorities automobile fleet with electrical autos.

That features 245,000 in varied federal companies… 225,000 in the US Postal Service… and one other 173,000 within the army.

That provides as much as a grand complete of 643,000 automobiles, vehicles, and vans set for an improve on the U.S. authorities’s dime. And after the yr we’ve seen for EVs in 2020, this could come as no shock.

In spite of everything, it led to among the most eye-popping beneficial properties we’ve seen in recent times.

Beneficial properties of over 700% in Tesla, serving to them develop into one of many largest firms on the S&P 500…

And 976% beneficial properties from the EV van firm, Workhorse, all through 2020.

However after the yr we simply had, many are asking what’s subsequent for electrical autos. Happily, we’ve acquired a glimpse into the long run sitting simply throughout the Atlantic.

Norway imposed a number of modifications within the authorities years in the past identical to the US, and it’s led to a sweeping transformation. 

In actual fact, 54% of all autos offered within the nation final yr have been electrical autos.

That’s as a result of Norway has added huge advantages to their residents who purchase electrical…

Together with not having to pay tolls, paying decrease taxes on autos, and even free charging at charging stations throughout the nation.

Whereas that will seem to be a very completely different world, Biden and his administration have already signaled that is the place we’re very doubtless headed.

And it’s the businesses already using the EV wave who may gain advantage essentially the most.

That’s why the inexperienced ride-sharing EV-related firm, Facedrive (TSXV:FD,OTC:FDVRF), has seen shares surge an enormous 800% during the last yr.

They’ve signed various necessary partnerships and offers during the last yr together with authorities companies, A-list celebrities, and main multinational firms.

Maybe extra spectacular although, they managed to develop their enterprise all through each the US and Canada all throughout a time when ridesharing as an business suffered throughout international lockdowns.

Their ridesharing mannequin is easy. 

Every time prospects hitch a journey with Facedrive, they’ve the selection to journey in an eco-friendly EV, a hybrid or an ordinary gas-powered automobile.

After the client reaches their vacation spot, the algorithm units apart a portion of the fare to plant timber, offsetting the carbon footprint from the journey.

In different phrases, you journey, they plant a tree.

By next-gen know-how and partnerships, they’re giving their prospects the choice to make a extra eco-friendly alternative in the event that they select.

And when how shortly different international locations all over the world are adopting EVs, it’s simple to see how this could possibly be the rideshare of the long run. 

Investing In The Rising Wave

When seeking to the way forward for EVs in the US, even the origins of the growth in Norway can provide perception into what we’ll see subsequent.

After they skilled a surge in home oil, North Sea Oil introduced riches to a number of international locations round northern Europe.

However whereas some just like the U.Ok. determined to take a position these income into tax cuts for the rich, Norway had different plans.

They threw their a part of the fortune right into a sovereign wealth fund, investing in varied completely different initiatives.

And after investing a few of that fund into incentives for the EV market, the business started to take off.

Now, we’re beginning to see the start phases of this right here in the US.

But it surely’s not simply with the American authorities, multi-billion and trillion-dollar firms are even pouring income into inexperienced initiatives to set themselves up for the long run taking form.

Google just lately issued an ESG (sustainable investing) company bond value an unbelievable $5.75 billion.

Fb is seeking to renewable power to gas its knowledge facilities.

And Microsoft has truly experimented with placing their knowledge facilities underwater within the North Sea, powered by wind, photo voltaic, and different new power applied sciences.

We’re already seeing from the success of EV firms and Large Tech that it pays to go inexperienced. 

However Facedrive (TSXV:FD,OTC:FDVRF) has even taken this a step additional, investing into different much-needed areas.

Final yr, they created a wearable contact tracing know-how known as TraceSCAN. 

It’s designed to assist alert these with out cell telephones once they’ve been in touch with somebody who’s examined constructive for COVID-19.

With wearables gaining widespread adoption for the reason that launch of units just like the Fitbit or Apple Watch, the demand for TraceSCAN has grown in current months.

And within the coming weeks, they plan to launch a brand new up to date model with key well being and security advantages like temperature checking and important signal monitoring.

Facedrive has now signed agreements with authorities companies and a serious airline to make use of this tracing know-how.

Plus, they’re at present in discussions to proceed TraceSCAN’s development with main multinational firms.

And Facedrive has managed to work its manner into the supply sport partially with EVs as nicely – taking a chunk of the projected $154 billion meals supply business.

Whereas the ridesharing business took successful throughout a yr of lockdowns and quarantines, Facedrive used this chance to develop their enterprise quicker than anybody thought.

They’re now delivering over 4,100 orders per day on common. And after rising to 19 main cities, they plan to increase to extra cities all through the U.S. and Canada quickly.

However within the days forward, Norway might also give us a glimpse right into a revolutionary shift within the transportation business.

A New Mannequin of Transportation

Along with an enormous shift towards EV automobile possession, many in Norway are additionally discovering artistic methods to make their manner round with out proudly owning their very own automobile.

For instance, they’ve invested in “mobility hubs” in varied components of the nation, which embrace shared parking areas and even shared electrical autos.

Transportation specialists in Norway predict that it’ll quickly be inconceivable for infrastructure to assist everybody proudly owning their very own EV.

Between the demand for electrical energy and the slowdown that might happen at charging stations with longer charging instances, there are nonetheless challenges that must be ironed out.

And this may solely result in extra challenges in the US, the place excessive inhabitants areas like Los Angeles and New York might see main bottlenecks with all of the automobiles they’ve on the highway.

In Norway although, these mobility hubs have reduce down on congestion in giant cities.

And it’s been so profitable, these have began popping up in different international locations like Germany as nicely, which is encouraging many to place apart the necessity to personal their very own autos.

Opponents like Uber try to make the shift to EV, saying an Uber Inexperienced program that’s expanded to numerous cities all through the U.S.

However the enterprise mannequin has a severe flaw that performs proper in keeping with the large wrestle People are seeing in making the transition.

Whereas most People are interested by eco-friendly autos, they don’t wish to pay a premium for it.

And Uber plans to incentivize drivers with further pay for driving EVs… by charging prospects an additional price to journey inexperienced.

Facedrive, then again, pays drivers at increased charges with out taking it out on their prospects.

Even with talks of an additional pay bump, there’s no scarcity of tales of upset drivers accusing Uber of price-gouging. 

Some even declare Uber takes over 50% of the reduce for themselves at instances.

Examine that to Facedrive, which lets their drivers hold 85-90% of the fare and 100% of their suggestions.

For riders, they get the selection to hitch a journey in an EV or hybrid automobile, however they don’t get hit within the pocketbook for it.

Facedrive (TSXV:FD,OTC:FDVRF) can be taking a web page from Norway’s e book within the shared automobile possession mannequin. 

They just lately acquired EV subscription firm, Steer, from the biggest clear power producer in the US.

Steer’s subscription mannequin for EV automobiles is placing a serious twist on the standard automobile possession mannequin.

So identical to the mobility hubs in Norway, drivers not should pay the upfront price to get the good thing about driving an electrical automobile.

With Facedrive’s acquisition of Steer, prospects pay a easy month-to-month price like with Netflix, and so they get entry to a fleet of EVs at their disposal.

Given the clear path towards an EV future underneath the Biden administration…

Norway provides us a glance into the crystal ball, and it’s displaying us that it’s doubtless the businesses already ready for the EV and EV-related growth that may profit most.

Listed below are a couple of firms concerned straight within the EV house:

XPeng Motors (NYSE:XPEV) is a newcomer within the Chinese language electrical automobile growth. Although it solely just lately went public within the U.S., it’s taken the market by storm. Driving on the coattails of the success of Tesla and NIO, it has carved out its personal demand, particularly among the many youthful era of merchants on the lookout for the subsequent massive firm to blow.

Since its NYSE debut in August, the formidable electrical automobile firm has risen by greater than 107% due to its promising financials and rising demand for its trendy autos.

Along with retail curiosity, Xpeng has additionally acquired a ton of curiosity from Large Cash. Earlier this yr the corporate raised over $500 million from the likes of Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, and much more just lately, secured one other $400 million from heavy hitters comparable to Alibaba, Qatar Funding Authority and Abu Dhabi’s sovereign wealth fund Mubadala.

Because the demand for electrical autos continues to develop, newcomers like Xpeng present a wonderful alternative for traders to leap on this plain pattern even when they missed out on Tesla’s meteoric rise to glory.

Li Auto (NASDAQ:LI) is one other formidable firm seeking to make a dent within the Chinese language electrical automobile house. And whereas it is probably not a veteran available in the market like Tesla and even NIO, it’s shortly making waves on Wall Road.

Backed by Chinese language giants Meituan and Bytedance, Li has taken a distinct method to the electrical automobile market. As a substitute of choosing pure-electric automobiles, it’s giving shoppers a alternative with its trendy crossover hybrid SUV. This common automobile will be powered with gasoline or electrical energy, taking the sting off drivers who might not have a charging station or a gasoline station close by.

Although Li simply hit the NASDAQ in July, the corporate has already seen its inventory value greater than double. Particularly previously month in the course of the huge EV runup that netted traders triple-digit returns.

It’s already value greater than $30 billion however it’s simply getting began. And because the EV growth accelerates right into a high-gear, the sky is the restrict for Li and its opponents.  

Normal Motors (NYSE:GM) is one in every of Detroit’s old style automakers, and it’s seeking to catch a journey on the EV bandwagon, benefiting from a shift from gas-powered to various know-how comparable to hydrogen and electrical energy. It’s now nicely over 100 years previous and has survived the place many others have failed. Even with the downfall of Detroit, GM has endured, and that’s due largely to its potential to adapt. In actual fact, GM’s dive into various fuels started manner again in 1966 when it produced the world’s first-ever hydrogen-powered van. And it has not stopped innovating, both.

Not too long ago, GM dropped a bomb available on the market with the announcement of its new enterprise unit, BrightDrop. The corporate is seeking to seize a key share of the burgeoning supply market, with plans to promote electrical vans and companies to industrial supply firms.

GM isn’t simply betting massive on EVs, both. It’s additionally seeking to capitalize on the autonomous automobile growth. Not too long ago, it introduced that it’s majority-owned subsidiary, Cruise, has simply acquired approval from the California DMV to check its autonomous autos and not using a driver. And whereas they’re not the primary to obtain such an approval, it’s nonetheless big information for GM.

Cruise CEO Dan Ammann wrote in a Medium submit, “Earlier than the tip of the yr, we’ll be sending automobiles out onto the streets of SF — with out gasoline and with out anybody on the wheel. As a result of safely eradicating the driving force is the true benchmark of a self-driving automobile, and since burning fossil fuels is not any strategy to construct the way forward for transportation.”  

Ford (NYSE:F) is one other Detroit legend that’s seeking to bounce on the electrical automobile growth. And whereas it suffered a serious downturn final yr, Ford is already bouncing again, with its inventory value greater than doubling since March 2020. They just lately introduced they’ll be boosting their spending on EVs to $27 billion via mid-decade. 

This main funding contains plans of their very own to create an electrical cargo van and a plug-in model of their bestseller F-150 pickup truck. And that is only the start for the heavyweight automaker.

Probably the most head-turning automobile in its arsenal, nevertheless, could be its new tackle its muscle automobile basic, the Mach-E Mustang. The inexpensive electrical twist on the corporate’s iconic sportscar lives as much as its title. The attention-popping nu-classic can go from 0-60 in simply 3.5 seconds, with a variety of roughly 300 miles per cost.  It even has new tech together with Energetic Drive Help permitting drivers to function the Mustang Mach-E hands-free.

Along with its all-electric array of autos, Ford, like GM, can be seeking to get in on the autonomous automobile growth. For its half, Ford has just lately revealed plans to launch its self-driving enterprise in 2022. The brand new autos, in partnership with Argo AI, a Philadelphia-based autonomous automobile startup, will embrace main upgrades from superior Lidar know-how and excessive decision cameras. Ford plans to check these autos in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh and Washington, D.C. as early as this month.

GreenPower Motor Firm (TSX:GPV)  is an thrilling firm that produces larger-scale electrical transportation.  Proper now, it’s primarily targeted on the North American market, however the sky is the restrict because the stress to go inexperienced grows. GreenPower has been on the frontlines of the electrical motion, manufacturing inexpensive battery-electric busses and vehicles for over ten years. From college busses to long-distance public transit, GreenPower’s affect on the sector can’t be ignored.

GreenPower Motor has seen its share value soar from $2.03 to a yearly excessive of $28.45. Which means traders have seen 1300% beneficial properties for the reason that starting of the yr. And with this red-hot sector solely gaining traction, GreenPower has numerous room to run. 

Blackberry Restricted (TSX:BB) just lately launched a brand new analysis and improvement arm known as BlackBerry Advvanced Know-how Labs. Charles Eagan, BlackBerry CTO. “Labs will function as its personal enterprise unit solely targeted on innovating and creating the applied sciences of tomorrow that will likely be essential for our sustained aggressive success, from A to Z; Synthetic Intelligence to Zero-Belief environments.”

A type of improvements? Autonomous autos. In actual fact, BlackBerry is teaming up with Amazon to make good automobiles even smarter, and safer, with luxurious EV maker Karma as one of many first to check out the products.

What’s an EV with out batteries? Teck Assets Restricted (TSX:TECK.B) noticed this early, and is betting massive on battery tech. On its web site, Teck explains why this funding is so necessary: “Movement batteries – such because the zinc-air battery developed by ZincNyx, with its versatile and low-cost scaling, long-term storage properties and the flexibility to separate the power storage operate from the facility era supply – might present a extra environment friendly various for large-scale power storage.” 

Teck Assets fell to only $7 per share in March of final yr because of the market chaos sparked by the COVID-19 pandemic. Regardless of this downturn, nevertheless, the corporate was capable of rebound considerably, rising by practically 180% to its present costs.

And what are batteries with out lithium? Lithium Americas Corp. (TSX:LAC) is one in every of North America’s most necessary and profitable pure-play lithium firms. With two world-class lithium initiatives in Argentina and Nevada, Lithium Americas is well-positioned to journey the wave of rising lithium demand within the years to come back. It’s already raised practically a billion {dollars} in fairness and debt, displaying that traders have a ton of curiosity within the firm’s formidable plans, and it’ll doubtless proceed its promising development and growth for years to come back.

Lithium Americas’ efforts have paid off available in the market, as nicely. Whereas many firms throughout a number of industries struggled final yr, Lithium Americas’ inventory soared. In February final yr, the corporate’s inventory value was sitting at simply $5.26, whereas right this moment it’s at $21.12, representing a 300% return for traders who purchased in only a yr in the past.

By. Declan O’Connor


Ahead-Wanting Statements

This publication incorporates forward-looking data which is topic to a wide range of dangers and uncertainties and different components that might trigger precise occasions or outcomes to vary from these projected within the forward-looking statements.  Ahead wanting statements on this publication embrace that the demand for journey sharing companies will develop; that Steer might help change automobile possession in favor of subscription companies; that TRACEscan will likely be adopted by extra firms and governments; that new tech offers will likely be signed by Facedrive and offers signed already will enhance firm revenues; that Facedrive will be capable to increase to the US and globally; that Facedrive will be capable to fund its capital necessities within the close to time period and long run; and that Facedrive will be capable to perform its enterprise plans. These forward-looking statements are topic to a wide range of dangers and uncertainties and different components that might trigger precise occasions or outcomes to vary materially from these projected within the forward-looking data.  Dangers that might change or stop these statements from coming to fruition embrace that riders will not be as interested in EV rides as anticipated; that opponents might provide higher or cheaper options to the Facedrive companies; altering governmental legal guidelines and insurance policies; the corporate’s potential to acquire and retain essential licensing in every geographical space through which it operates; the success of the corporate’s growth actions and whether or not markets justify further growth; the flexibility of the corporate to draw drivers who’ve electrical autos and hybrid automobiles; and that the merchandise co-branded by Facedrive is probably not as merchantable as anticipated. The forward-looking data contained herein is given as of the date hereof and we assume no duty to replace or revise such data to replicate new occasions or circumstances, besides as required by legislation.


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