How To Play The $2.6 Trillion Clean Energy Investment Boom
The money is starting to pour into clean energy from all corners as the energy transition emerges as a wildly lucrative opportunity rather than simply a threat to the oil and gas industry.
For the first time in 2020, energy transition investment topped half a trillion … and that’s just the starting point.
BloombergNEF says clean energy investment is set to hit $2.6 trillion this decade.
Over $14 trillion in assets of institutions, foundations, and endowments are ready to back an energy transition. Forbes calls it a “paradigm shift” …
Now, there’s a new climate czar in town, John Kerry, appointed by Biden, and he’s calling on the U.S. to accelerate the development of hydrogen, carbon capture, and other tech innovation that can reduce emissions.
The government is ready to throw tons of money at this … and the US Department of Energy is now ready to deploy the $40 billion sitting in its loan program for the energy transition.
The entire world is about to move towards running on batteries … and absolutely anything with a tie-in to this is a potential pathway to capitalizing on the momentum of this multi-trillion-dollar energy change.
That means rival EV stocks like Fisker (NYSE:FSR) …
Or highly speculative but thoroughly exciting QuantumScape (NYSE:QS), a solid-state battery offering that could disrupt everything …
And Facedrive (TSXV:FD; OTC:FDVRF), the Canadian “Silicon Valley” darling with a dizzying number of tech-driven verticals from electric ride-sharing and food delivery to an innovative EV subscription service that has picked the perfect time to get more people into EVs …
And hopes to completely change the way North America thinks about car ownership.
The EV Playing Field Is Bursting With Upside
This isn’t just about Tesla now, even if Musk is voted most likely to become the world’s first trillionaire.
EV stocks could climb up to 50% this year, Wedbush analyst Daniel Ives tells CNBC, citing a “green tidal wave globally”.
Ives expects the EV industry to grow to a $5-trillion market over the next decade, and there’s plenty of room for players other than Tesla.
EV rival stocks like long-battered General Motors (NYSE:GM), which is working hard to make EVs have that “all-American” feel.
Lucid Motors is planning to challenge Tesla, taking its first step by going public through a reverse merger with Churchill Capital Corp IV (NYSE:CCIV), and it plans to start manufacturing this year.
Fisker (NYSE:FSR) looks highly promising, as a bet on an EV maker that takes things one step further with recyclable materials and is headed up by Henry Fisker, a legend in automotive design. It’s also working towards a “platform-sharing” business model for premium EVs at less-than-premium prices.
Facedrive (TSXV:FD; OTC:FDVRF) is an EV related stock, and its recent acquisition of Washington, D.C.-based Steer is where things get really interesting …
Facedrive’s flagship carbon-offset ride-sharing and food delivery were early pioneers who saw where the EV megatrend was going … and they saw the multitude of lifestyle changes that would come along with it. That means an impressive collection of revenue verticals.
When Facedrive added Steer to their portfolio in September 2020, they upped the ante for transportation options available to consumers.
This isn’t Hertz. This is where Hertz meets Tesla.
Steer offers users an EV showroom (virtual, of course), sporting on-demand EV delivery for consumers, offering a flexible alternative to car ownership.
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