There is no better gift for the car enthusiast this Christmas than half a million dollars in luxury EVs … for the price of one.
A Tesla Model X starts at $80,000, and the Model S is right up there, too.
An Audi e-Tron will set you back at least $66,000.
A Jaguar i-Pace will come at a starting cost of $70,000.
And a BMW x5 starts at $60,000.
The Porsche Panamera costs a minimum of $87,000.
Or, you can drive them all–on demand–for under $1,700 a month …
With a transformational EV subscription through Washington, DC-based Steer, backed by utility giant Exelon and recently acquired by a fast-growing North American tech startup, Facedrive (TSXV:FD; OTC:FDVRF).
This is where technology has taken us, and it makes for a revolutionary twist to the average Christmas list.
And a transportation revolution … including the way we view car ownership altogether, is exactly what Steer–with Facedrive now at the wheel–is promising.
Get Behind the Luxury Wheel in 2021, Seamlessly
If you’ve ever wanted a Tesla or an Audi e-Tron, then an entire virtual garage of the biggest EV luxuries should sound tantalizing.
Flip through your virtual garage and choose your luxury vehicle of the day–or month. You get the most expensive EVs with unlimited swaps. On-demand, with 24/7 concierge service and no annoying mileage limits that you get with leasing.
And the icing on this EV cake is that you won’t ever need car insurance again. Steer takes care of everything.
This is an all-inclusive luxury ride that’s all about choice.
That makes it a risk-free ride.
Steer thinks transportation is ready for the second round of revolution: EVs mean a cleaner future, but the experience of owning a car can also be improved.
It’s the answer to the last remaining hurdle of full-on adoption of EVs: cost and charging technology. A subscription to Steer comes with your own concierge who delivers your car wherever you need it and assists with charging, either at home or on the road.
And unlike leasing a car—there’s no mileage limit.
If a $1700 price tag is too much for your car budget, then Steer also has less expensive monthly packages that allow you to swap out a group of EVs that include the Nissan Leaf, BMW i3, Toyota RAV4 Hybrid, and the Prius Prime.
Or something in between, that still gets you into a Tesla Model 3.
And the growth runways are phenomenal when you consider that 70% of Steer members have never even driven an EV before. That means that these are new converts.
The converts will come when they latch on to the hassle-free, risk-free, total convenience offered by Steer.
“It’s risk-free EV driving,” Erica Typsin, Steer co-founder, one of Forbes’ “Under 30 List” of top young entrepreneurs, told the magazine.
“The service is all-inclusive with one monthly fee…Just like we get clothes in a box and movies on demand conveniently tailored to our lives… All of the plans come with insurance, repairs, and maintenance. We handle everything when something goes wrong. If you have a fender bender, we show up with a new car. There are no insurance claims adjustor, no waiting on repairs, no fighting for a rental car.”
And now, with the buyout from tech-driven Facedrive (TSXV:FD; OTC:FDVRF) – an emerging Canadian ‘Silicon Valley” powerhouse with an entire ecosystem of tech offerings that are riding the tailwinds of the massive EV boom, Steer is kicking it into fifth gear …
Just in time for Christmas.
The Facedrive Difference
For the company that made its name first challenging Uber by becoming the first carbon-offset ride-sharing service in the world, Steer was a giant leap forward …
And one that landed this Canadian company solidly in the United States, where it will now use its foothold and a strategic investment from Exelon to push further into this market with at least 6 different tech-driven services.
This is about multiple verticals in a tech-driven space that’s riding the tailwinds of an EV boom that is broad-spectrum.
In the past twelve months, we’ve seen Facedrive launch a flurry of new services, cut a series of big deals, and bring on some major household names in rapid-fire succession.
There’s a ton of money floating around this space … because it’s not just about EVs–it’s about lifestyle, and absolutely any company that is in any way connected to the EV boom and the Tesla explosion is shooting through the roof.
It’s a wave that Facedrive is riding in a major way, and Steer is the biggest deal yet.
Facedrive has an entire ecosystem behind it, and now it’s got Steer, backed by Exelon, in a major powerhouse combination of high-tech, EVs, and energy. It’s the coup of the year, and 2021 is preparing for overdrive.
Canadian Companies Are Getting In On The Trend, As Well:
Magna International (TSX:MG ) is a great way to gain exposure to the EV market without betting big on one of the new hot automaker stocks tearing up Robinhood right now. The 63 year old Canadian manufacturing giant provides mobility technology for automakers of all types. From GM and Ford to luxury brands like BMW and Tesla, Magna is a master at striking deals. And it’s clear to see why. The company has the experience and reputation that automakers are looking for.
Another way to gain exposure to the electric vehicle industry is through AutoCanada (TSX:ACQ ), a company that operates auto-dealerships through Canada. The company carries a wide variety of new and used vehicles and has all types of financial options available to fit the needs of any consumer. While sales have slumped this year due to the COVID-19 pandemic, AutoCanada will likely see a rebound as both buying power and the demand for electric vehicles increases. As more new exciting EVs hit the market, AutoCanada will surely be able to ride the wave.
Like Magna, Westport Fuel Systems (TSX:WPRT ) is another hardware and tech provider in the auto-industry.It builds products to help the transportation industry reduce their carbon footprint. In particular, it provides systems for less impactful fuels, such as natural gas. In North America alone, there are over 225,000 natural gas vehicles. But that shies in comparison to the global 22.5 million natural gas vehicles globally, which means the company still has a ton of room to grow!
GreenPower Motor (TSX.V:GPV ) is a thriving electric bus manufacturer based out of Vancouver. At the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over 10 years ago, GreenPower has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks. This year alone, GreenPower Motor has seen its share price soar from $2.03 to $36.88 before correcting to the $23 range it is currently sitting in.
NFI Group (TSX:NFI ) is another one of Canada’s home-grown electric vehicle pioneers producing transit busses and motorcycles. The company had a tough go at it towards the beginning of the year, but has since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.
In the previous months, NFI has seen an uptick in insider stock purchases which is often a sign that the board and management strongly believe in the future of the company. In addition to its increasingly positive financial reports, it is also one of the few in the business that actually pay dividends out to its investors.
By. Glen Stainthorpe
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements
Forward looking statements in this publication include that Facedrive will be able to expand to the US; that transport in an EV will become much more popular 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. 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; Facedrive’s ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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