Here's Why Electric Vehicle Stocks Have Exploded This Year

ByMichael Kern- Nov 26, 2020, 6:00 PM CST

The electric vehicle boom has been one of the few bright spots for investors in 2020.

Tesla has seen its stock price climb by more than 445% this year.

NIO stocks have soared by more than 1070%.

And even charging companies like PLUG have seen their stock prices rise by more than 630%.

In what has been a perfect storm for this nascent sector, traditional companies have seen their value destroyed, the world’s biggest hedge funds have started to redirect their investments towards ESG stocks and multiple governments are preparing for a clean energy transition as the COVID recovery begins.

But amidst all this good news - and what seems to be an irreversible shift in sentiment in global markets - one of the most impressive EV developments of the decade seems to have gone under the radar.

The EV industry has finally solved its most pressing problem:accessibility.

Electric vehicles are finally making the move from being a luxury for the rich to the transportation of the many.

And it isn’t just the sales price that’s dropping, new innovations from companies likeFacedrive(TSXV:FD,OTC:FDVRF) mean that even Tesla’s most expensive car will soon be available for the average American.

The electric vehicle revolution is well and truly underway, and for investors, 2020 is only the beginning.

An ESG Revolution

By now, the entire investment world is aware of the Environmental, Social, and Governance (ESG) trend that is taking over markets.

The CEO of the world’s largest asset manager, Blackrock, believes that we are “on the edge of a fundamental reshaping of finance”.

And when a company with more than $7 trillion under management says markets are about to change, it’s generally a good idea to listen.

For Facedrive this transformation could not have come at a better time. The company is determined to become the first-ever entirely ESG ecosystem, working on everything from emissions-free transportation and food delivery, to community-centered social and sports apps, and a COVID-tracing system designed to counter the global pandemic.

It’s a business model that has sent Facedrive’s market cap above $1 billion and has forced industry giants to go on the defensive.

Ultimately, the era of public companies chasing profit at the expense of all else is essentially over. For a modern company to be viable, it must account for and counter any negative impact on local communities or the environment.

As the ESG revolution picks up pace, this people-and-planet first approach to business has already grabbed the attention of some incredibly powerful and influential figures.

Big Names Making Big Moves

It is no secret that some of the biggest names in investment, tech, and finance are determined to use their money for good.

Over3,100 investorswith more than $110 trillion under management have signed the Principles for Responsible Investment, which involves including ESG factors in their investment decisions.

Elon Musk, Bill Gates, Jeff Bezos, and nearly every other tech billionaire have committed huge sums of money to their pursuit of ‘making the world a better place’.

And the biggest asset manager in the world is increasing its exposure to ESG at an incredible rate, which was reflected in the recent report that it has increased its stake in Beyond Meat bymore than 40%.

Facebook’s purchase of Steer has seen energy giant Exelon come on board.

And the COVID tracing technology developed by Facedrive got support from Air Canada, the Canadian government, and Microsoft.

Facedrive has found itself at a crossroads where big names, big money, and big ideas are all colliding.

And now its electric vehicle subscription service is promising to help accelerate the hottest investment sector of 2020.

As far as Facedrive is concerned, the future has already arrived.

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