SHOPSMART AUTOS – CONSUMER INFORMATION – MAY 1, 2021 (PART 1)
Why EV Stocks Could Continue To Soar In 2021
While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything. And it could happen much sooner than most people realize, as some of the biggest names are already hopping on board. Mentioned in today’s commentary includes:
Tesla
(NASDAQ: TSLA),
NIO Limited
(NYSE: NIO),
General Motors
(NYSE: GM),
Ford
(NYSE: F),
Blink Charging
(NASDAQ: BLNK). Amazon has already started making deliveries with electric vans in Los Angeles, as they’ve agreed to purchase 100,000 vans from EV startup, Rivian. The United States Postal Service just signed a 10-year, multi-billion-dollar contract with Oshkosh Defense to produce thousands of electric mail trucks. And United Airlines just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.
Legacy automakers are all making the shift too, rolling out their line of electric vehicles one by one.
Ford is set to double their 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. Volkswagen is calling their 2021 electric crossover, the ID.4, “the most important new Volkswagen debut since the Beetle.” And General Motors has even announced they’ll stop making gas-powered vehicles altogether by 2035. Now, Biden has even announced plans to transition all government fleet vehicles to EVs.
This electric revolution has already led to monster gains for EV companies throughout 2020.
The EV van startup, Workhorse, saw gains of over 551%…Tesla’s shares shot up a massive 740%…And Blink Charging soared for incredible 1,740% gains last year.
Now, many investors are looking ahead for the next big thing in the EV markets.
And one Canadian company in EV related business has seen its momentum building steadily over the last year. Facedrive
(
FD
,
FDVRF
)
has been acquiring key pieces left and right, adding them to their electric ecosystem alongside their signature ridesharing service. With these acquisitions, they’ve brought the EV boom into food delivery, car subscriptions, and more.
This is why they’ve seen shares jump an incredible 969% over the last year…
And now that Facedrive has announced a major government investment in their technology, their business could be set to take off in 2021. Many of the biggest EV stories of late have come from either the automakers rolling out new models or companies working on building out the infrastructure…But Facedrive is taking a different approach.
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