LONDON, March 4, 2021 /PRNewswire/ — In 1894, chemist Pedro Salom probably never imagined he’d start what could soon become a $912 billion industry. His creation the Electrobat was unlike anything others had seen at that time. Or would again see for nearly another century. But where the Electrobat, the world’s first electric vehicle, could only run for 25 miles on one charge, at just 20 MPH. Mentioned in today’s commentary includes: Tesla, Inc. (NASDAQ: TSLA), Toyota Motor Corporation (NYSE: TM), General Motors Company (NYSE: GM), Blink Charging Co. (NASDAQ: BLNK), Fisker (NYSE:FSR).
The EVs of 2021 are expected to have a range of over 500 miles. That’s like driving from New York City to Raleigh, NC without stopping to fill your tank once. And that’s why EVs are finally reaching a tipping point which has led to massive gains over the last year.
Tesla, the premiere name in EVs, soared for 740% gains in 2020.
Nio, their Chinese counterpart, took off for 1,110% gains.
But there’s one other EV related company that’s taken off for shocking 860% gains over the last year. And it’s one you’ve likely never heard mentioned on MSNBC, The Wall Street Journal, or Fox Business.
Facedrive (FD,FDVRF), the eco-friendly ridesharing company inked a number of major partnerships and deals over the last year. Including government agencies, A-list celebrities, and global tech titans. And they’ve taken full advantage of the EV boom in ways to grow their business through creative moves and acquisitions over the last year.
After an impressive showing in 2020, they’re off to a quick start in 2021. And if last year is any indication, this may be the year Facedrive becomes a household name.
This Is The EV Tipping Point
The rise of electric vehicles and Tesla’s incredible run have been no secret to anyone paying attention to the market. All the biggest companies have been piling in to get a piece of the action, from startups to legacy automakers.
GM announced they’re growing an entire EV ecosystem within their business, which they’ve named BrightDrop. And they’ve already signed FedEx on as their first customer.
Apple is making the push into electric vehicles, with rumors swirling about their plans to partner up with auto companies like Hyundai and Kia. But the EV markets have gotten the ultimate push with Biden taking office in January after he’s declared plans to make green energy and electric vehicles a major part of his platform.
Already, just weeks into his presidency, he’s reported that he’s planning to invest billions into electric vehicles. Even replacing up to 645,000 government fleet vehicles with EVs in the days ahead. He’s also planning to make a massive investment in infrastructure, including building out 550,000 electric vehicle charging stations around the country.
With all the momentum already building in the industry, this is set to be the final push it needed to reach the tipping point and make electric vehicles mainstream. But Facedrive’s leadership saw this trend coming years ago and put themselves in position to capitalize on it. And just like the Electrobat was used as the first electric taxi service over 120 years ago. Facedrive (FD,FDVRF) is taking a page out of the history books as it takes the ridesharing world by surprise.
The Biggest Trends On The Markets
Many companies struggled throughout 2020 as businesses were shuttered for months during government lockdowns. But two industries have taken off since the pandemic began: EVs and the tech/biotech solutions focused on tackling COVID-19.
Facedrive’s innovative spirit has been on full display over the last year, finding creative ways to participate with the EV markets. But it’s also stepped into the business of stopping the spread of COVID-19.
On the electric vehicle front, they’ve gone beyond just ridesharing with their Facedrive Foods vertical. Now, customers can get…
Read More:The $1 Trillion Electric Vehicle Boom Is Just Getting Started
