SHOPSMART AUTOS – CONSUMER INFORMATION – MAY 1, 2021 (PART 2)
Why EV Stocks Could Continue To Soar In 2021
Instead, they’re using the cars those automakers have already made and turning them into an entire EV-related ecosystem. So just like Uber has built their $96 billion business off leveraging cars they never manufactured, bought, or sold…Facedrive
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connects customers looking to hail a ride, providing an eco-friendly solution. Their model is simple. When customers request a ride, they get their pick between riding to their destination in a standard gas-powered car, a hybrid or an electric vehicle (for no extra charge to them). Then 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 technology and partnerships, they’re bringing EVs into the gig economy and making a splash.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 throughout 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. At this point there’s no question there’s a growing demand for EVs from consumers, as this trend has spread from Europe and Asia and through North America. And almost 3 out of 4 younger buyers even say they’re willing to pay higher prices to own an electric vehicle.But with Facedrive’s acquisition of Steer, you 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. Steer has combined the Netflix subscription model with the EV boom to flip the 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 choice of EVs from a fleet at their disposal. So they can borrow one whenever they need it instead of buying an EV outright – and at a fraction of the cost. They’re up and running in the Washington D.C. market already…And they’ve seen so much success there that they’ve decided to expand further north, to roll out the service in Toronto as well. With two of the largest metro areas in North America in the mix, Facedrive has started paving the path for a completely unique way to save drivers money in the EV boom. But their biggest announcement recently came thanks to their willingness to think outside the box and serve the most pressing need we’re seeing today. While Facedrive
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has been busy helping bring EVs to mainstream use in creative ways, they’ve also found a way to help address the issue we’ve all been facing for the last year. By 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 surged 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 breakthrough technology. They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.
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