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The Green Boom Is Coming And These Companies Could SoarNEW YORK, Jan. 21, 2021 /PRNewswire/ -- The world's first trillionaire will be a green-tech entrepreneur. New York Times veteran tech journalist Kara Swisher boldly declared this a year ago--right before the outbreak of a pandemic that would hasten our transition to clean energy … and that would exponentially increase the mountains of money piling into stocks that are in any way tied to a cleaner, better future. Mentioned in today's commentary includes: Fisker Inc. (NYSE: FSR), Electrameccanica Vehicles Corp. (NASDAQ: SOLO), XPeng Inc. (NYSE: XPEV), Bloom Energy Corporation (NYSE: BE), Workhorse Group Inc. (NASDAQ: WKHS). Governments the world over are pushing a green industrial revolution … and even giant oil traders are scrambling to pour billions of dollars into renewables in what the Financial Times calls a "dramatic shift in the world's energy mix". It won't just propel a new commodity supercycle …It will propel a brilliant collection of new opportunities for tie-ins to all things related to renewable energy. It's a global consensus that a green revolution is exactly what should unleash post-pandemic growth. And nowhere is that shaping up to be more stunning than in the United States, where the 'Biden Boom' is expected to push everything tied to green energy even further into the "outperform" range. The likely beneficiaries aren't just eyeing a post-COVID recovery … they're part of a global lifestyle change that aims to disrupt multiple industries, with transportation undergoing the most profound transformation. An unstoppable Tesla that cost short sellers $40 billion in 2020 alone …NextEra has trounced Big Oil to become the rising new king of energy …A momentous enthusiasm for green hydrogen has led stocks like FuelCell to reward investors with over 600% returns ...And Facedrive (FD, FDVRF) , the pioneer of carbon-offset ride-hailing in North America--is positioned to surf the tailwinds of a $40-trillion energy transformation with its high-profile acquisition of a transportation as a service industry trailblazer: Washington, DC-based Steer. A $2T Infrastructure Rehaul Just Got Real Among other things, Biden's transportation policy includes a $2-trillion infrastructure plan that even Republicans will like. It aims to reimagine the entire transportation sector based on new technology and new sources of energy. That is set to include expanded EV purchase incentives to get more people driving them, and a 500,000-strong EV charging network by 2030. For Facedrive, this is a huge opportunity. First, Facedrive's acquisition of Steer in September 2020 couldn't have come at a better time. The acquisition was high-profile because Steer was owned by energy giant Exelon, and the deal included a $2-million strategic investment by energy giant Exelon's wholly-owned subsidiary, Exelorate Enterprises, LLC. That buy gave Facedrive a tie-in to a major American utility at a time when we are undergoing a massive energy transition. It also gave Canada-based Facedrive a solid footprint in the United States--it's next major expansion target, along with Europe. Finally, it gave Facedrive a company in its diverse portfolio that has very ambitious plans to change the way people think about car ownership … and EVs. Steer's founder, Erica Tyspin, one of Forbes' "Under 30 List" of top young entrepreneurs, set out to disrupt the auto industry by offering customers their own private, virtual EV showroom, in the form of a subscription service for on-demand caruse. It's an all-inclusive, user risk-free service that is 100% electric, plug-in, and hybrid. It's a perfect match for Facedrive's ESG-focused tech ecosystem and its multiple verticals. From Steer's perspective, this is where the revolution continues …Not only because it could help put even more EVs on the road, but because it's an easier, more flexible and ultimately cheaper way to 'own' (use) an EV car--or, in this case, an entire showroom. And if anyone is skeptical about conventional car drivers switching to Steer … the numbers will surprise you: 70% of Steer's members have never driven an EV before. So, this is clearly an open door for new converts who wouldn't otherwise find themselves in a Tesla or an Audi eTron. But Facedrive has a lot more skin in this 'Biden Boom' game that Steer …. With a ride-hailing industry worth $60 billion today and on track to top $85 billion by 2023, Uber and Lyft started this transportation revolution …But they ended up creating more pollution than they displaced. Facedrive (FD, FDVRF) was way ahead of this game, offering customers a choice of gas, EV or hybrid back in 2019 when they launched, and planting trees in cooperation with the City of Toronto to offset carbon created by conventional rides. Now, they're planning to aggressively push into the United States, and they plan to grab a piece of the energy transition pie in a number of segments, from Steer's EV subscriptions to the flagship ride-hailing and carbon-neutral food and pharma deliveries … and much more. While Uber and Lyft are playing catch-up, Facedrive has been running with the ball and hungrily acquiring businesses for its 'energy transition' ecosystem, and these are where we might find the biggest beneficiaries of the coming 'Biden Boom'. The Electric Vehicle Boom Is In Full Swing Fisker (FSR) is a speculative bet in the scene, having only IPO'd in 2020. While it hasn't seen quite the attention other electric vehicle stocks have seen in recent weeks, it is an important company to watch. It's unique in the industry because it boasts the most sustainable vehicle on the road: It's not just electric… it's also is made with some recycled materials. That's a huge plus considering how much investors are focusing on sustainability these days. **IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY** 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 be able to expand to the US and globally; that Facedrive's merchandise business and sports prediction app will prove popular and successful; 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; TraceScan may not work as expected in commercial settings and customers may not acquire or use it; 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; the ability of Facedrive to attract providers of good and services for merchandise partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; and that the products co-branded by Facedrive may not be as merchantable as expected. 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Contact Information: Media Contact e-mail: [email protected] View original content:http://www.prnewswire.com/news-releases/the-green-boom-is-coming-and-these-companies-could-soar-301212221.html SOURCE OilPrice.com |