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2021-02-17

The Single Biggest Threat To The Electric Vehicle Boom

2020 ushered in the start of the EV boom, but it could have a frightening aftershock. We’re already

The Single Biggest Threat To The Electric Vehicle Boom

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Hi","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/385438622","repostId":2111400269,"repostType":4,"repost":{"id":"2111400269","pubTimestamp":1613453285,"share":"https://www.laohu8.com/m/news/2111400269?lang=&edition=full","pubTime":"2021-02-16 13:28","market":"us","language":"en","title":"The Single Biggest Threat To The Electric Vehicle Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2111400269","media":"Oilprice","summary":"2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already ","content":"2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.\nAnd this EV wave is only expected to grow bigger in the days ahead under the Biden administration.\nJust a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles.\nThat’s up to 643,000 vehicles turning electric on the government’s dime.\nBut Toyota’s president, Akio Toyoda, had an ominous prediction for what could lie ahead.\nHe stated that if EVs are adopted too quickly, we may not have the energy to support them at this point.\nIn fact, he predicted Japan would run out of electricity by summer if they banned all gas-powered vehicles now.\nHe even went as far as to say that if we rush the process of transitioning to EVs all at once, “the current business model of the auto industry is going to collapse.”\nWhile the buzz for electric vehicles has only grown over the last year, many often miss this key piece in making such a drastic shift in such a short period.\nAnd although it’s expected to create plenty of demand for solar, wind, nuclear, and geothermal energy sources…\nAt this point in the game, they are still too expensive and lack the storage capacity we’d need for those to be the final solution.\nThat’s why companies bridging the gap to the EV world are thriving.\nFacedrive (TSXV:FD,OTC:FDVRF), a company known for its “people and planet first” approach, has seen incredible success over the last year, for example.\nThey recently acquired EV subscription company, Steer, from the largest clean energy producer in the United States.\nSteer’s subscription model for EV cars is putting a major twist on the traditional car ownership model.\n<img src=\"https://static.tigerbbs.com/126245cb01e2b0a711cee9e86041666b\" tg-width=\"450\" tg-height=\"176\" referrerpolicy=\"no-referrer\">\nSo instead of everyone going out and buying their own EV, they can borrow <a href=\"https://laohu8.com/S/AONE\">one</a> as-needed instead.\nWith Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to a fleet of EVs at their disposal.\nOver the last year, big moves like this have helped Facedrive sign a number of important partnerships and deals including government agencies, A-list celebrities, and major multinational corporations.\nAnd they’ve even managed to grow their business throughout the United States and Canada during a time when ridesharing as an industry suffered during global lockdowns.\nWhen looking at the energy shortage that could lie ahead, it’s likely that creative solutions will be key in bridging the gap to the inevitable EV future.\nSmartest in the World Making Bold Predictions\nWhile Toyota’s president made a dark prediction about where we could be headed, he’s not alone in being concerned.\nElon Musk expressed his own concerns about the issue recently as well.\nIn an interview in December, he said that the world’s electricity consumption would likely double once EVs become the norm.\nAnd that’s only accounting for this mass adoption in electric vehicles.\nThe situation could become even more pressing as the rest of our lives grow increasingly digital too, sucking up more electricity in the process.\nWith the “internet of things” creating smart cities and smart homes, the demand for electricity will only go up as everything from Peloton bikes to Nest thermostats are now connected by the internet.\nPlus, peak times could cause a real problem if we don’t come up with new energy solutions.\nWith thousands of cars on the roads during morning and evening commutes, it’s not hard to imagine times where we simply wouldn’t have enough power to charge all EVs that need it at once.\nGiven the speed of innovation and the amount of resources going into renewable energy right now though, this is sure to be a short-term issue until the next great solution is discovered.\nBut in the meantime, Facedrive’s moves are putting them squarely in position to smooth out the transition.\nAnd in addition to the monthly membership model used with Steer, they’re helping keep the number of cars on the road down through their signature ridesharing service.\nTheir model is simple.\nWhen customers hail a ride, they have the choice to ride in an electric vehicle or a standard gas-powered car.\nAfter they get to their destination, the Facedrive (TSXV:FD,OTC:FDVRF) algorithm sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.\nIn other words, you ride, they plant a tree.\nThrough next-gen technology and partnerships, they’re giving their customers the option to make a more eco-friendly choice if they choose.\nPlus, Facedrive has added a booming food delivery service, which has expanded at a record pace while folks were stuck at home during global lockdowns.\nThey’re now delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.\nIt's this kind of innovative thinking that has many so optimistic about the opportunities that lie ahead.\nWho Will Win In The EV Boom?\nElon Musk warned that, like with the boom in smartphones, we’re not likely to see the EV revolution all happen at once. Because just like with smartphones, you can’t replace them all at once.\nBut it’s undeniable that the movement is growing at a remarkable pace.\nEven under an administration that was not supportive of climate change and green initiatives, the EV markets have soared throughout 2020.\nTesla was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest market stories of the year, locking in over 700% gains on its way to becoming one of the largest companies on the S&amp;P 500.\nAnd experts are expecting to see massive spending on the infrastructure needed for EVs under the Biden administration too.\nIn addition to his vow to spend more on clean energy research, President Biden also reported plans to build out 550,000 EV charging stations across the country.\nWith the growth we’ve seen in this area already, it’s also caused shares for companies like Plug Power to soar over 1,000% in 2020.\nAnd Facedrive has been sharing in this success too, with incredible gains of 834% over the last year.\nBut while they’re helping smooth out the transition to the EV future, they’ve also been busy helping to solve the problems of today.\nLast year, they created a wearable contact tracing technology called TraceSCAN.\nIt’s designed to help alert those without cell phones when they’ve been in contact with someone who’s tested positive for COVID-19.\n<img src=\"https://static.tigerbbs.com/eccc1881977dca15dfa8dcfd6b9d3702\" tg-width=\"234\" tg-height=\"290\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e4a968fd9b9813944bb52def761df3f0\" tg-width=\"180\" tg-height=\"275\" referrerpolicy=\"no-referrer\">\nWith wearables gaining widespread adoption since the release of devices like the Fitbit or Apple Watch, the demand for TraceSCAN has erupted in recent months.\nAnd in the coming weeks, Facedrive plans to release an updated version with key health and safety benefits like temperature checking and vital sign monitoring.\nFacedrive has now signed agreements with government agencies and major airlines to use this technology.\nPlus, they are currently in discussions to continue TraceSCAN’s growth with major multinational corporations.\nAfter the surge in electric vehicle tech we saw last year, now is the time to plan for the domino effect we could see play out in the days ahead.\nAnd in the end, it could be the ones helping in the transition that become the biggest winners of the EV boom.\nHere are a few other companies to watch in the EV and EV related space:\nTesla (NASDAQ:TSLA) was among the biggest market stories of 2020 with incredible gains of over 700%. This helped them become one of the highest-valued stocks in the United States with other Big Tech giants. It is now the most valuable car maker “of all time”. It is now worth almost $800 billion.\nAfter a much-touted Battery Day event and expectations of Musk developing a “Million Mile Battery” in the near future, Tesla recently joined the S&amp;P 500.\nTesla is the de-facto king of the electric vehicle market. And it’s easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.\nBillionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla’s stock has skyrocketed by over 14,000%. But while Tesla’s EV threat to the industry is clear, the competition is heating up in China.\nNio (NYSE:NIO) is Tesla’s biggest competitor, dominating the Chinese EV markets. After going public in 2018, it’s been on a tear, producing vehicles with record-breaking range. They recently unveiled their first electric sedan with a longer range battery, which sent shares surging in early January.\nNio’s current performance is a far cry from just one year ago In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% return for investors who held strong.\nBy NIO’s fourth quarter report in October, the company announced that its sales had more than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business.\nToyota Motors (NYSE:TM) is a massive international car producer that hasn’t ignored the transition to greener transportation. In fact, the Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles for years to come.\nAnd just because its Prius hasn’t exactly aged as well as some green competitors, Toyota hasn’t left the green power race yet. Just a few days ago, actually, the giant automaker announced that three new electric vehicles will be coming to United States markets soon.\n“We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” said Bob Carter, TMNA executive vice president of sales. “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”\nToyota has a major hold over U.S. markets at the moment. In fact, it maintains a 75% share of total fuel cell vehicles and a 64% share in hybrid and plug-in vehicles. And now it’s looking to capture a greater share of electric vehicles, as well.\nGeneral Motors (NYSE:GM) is one of the legacy automakers benefiting from a shift from gas-powered to EV technology. Even with the downfall of Detroit, GM has persisted, and that’s due in large part to its ability to adapt. In fact, GM’s dive into alternative fuels began way back in 1966 when it produced the world’s first-ever hydrogen-powered van. And it has not stopped innovating, either.\nWith the news of GM’s new business unit, BrightDrop, they plan to sell electric vans and services to commercial delivery companies, disrupting the market for delivery logistics. This is a huge move as delivery sales have absolutely exploded during the COVID-19 pandemic, and are projected to grow even further over the coming years.\nAnd in January 2021, the giant automaker announced that it will discontinue production of all gas-powered vehicles, including hybrids, by 2035. This is a key factor in its commitment to become carbon-net zero by 2040.&nbsp; The move will likely sit well with shareholders which are increasingly pushing for companies to clean up their act.\n<a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a> (NASDAQ:BLNK) is building an EV charging network that may be small right now, but it’s got explosive growth potential that is as big as the EV market itself.&nbsp;&nbsp;This stock is on a major tear and all that cash flowing into it right now gives Blink the superpower to acquire and expand.\nA wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to the bullish case for Blink.\nMichael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”\nBlink Charging was one of the darlings of the EV boom throughout 2020 because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month.\nNFI Group (TSX:NFI) is one of Canada’s leaders in the electric vehicle space. It produces transit busses and motorcycles. NFI had a difficult start to the year, but it 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.\nRecently, 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.\nNot to be outdone, GreenPower Motor (TSX.V:GPV) a thriving electric bus manufacturer based out of Vancouver, is making moves on the market, as well. Although for the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over a decade ago, GreenPower has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks.\nYear-to-date, GreenPower has seen its share price soar from $2.03 to $36.88. That means investors have seen 1700% gains this year alone. And with this red-hot sector only going up, GreenPower will likely continue to impress.\nBoralex Inc. (TSX:BLX) is an upcoming renewable firm based in Kingsey Falls, Canada. The company’s primary energies are produced through wind, hydroelectric, thermal, and solar sources and help power the homes of many people globally. Not only has it has had a great influence in the adoption of renewable electricity domestically, it’s even branching out into the United States, France, and the United Kingdom. In fact, just recently, Boralex took control of a massive 209MW solar farm in California.\nWestport Fuel Systems (TSX:WPRT) is a unique way to get in on the green boom in the auto industry.. It helps build the tools needed for carmakers to incorporate less damaging fuels like natural gas. Though natural gas doesn’t get quite the attention as electric vehicles do, there are over 22.5&nbsp; million natural gas vehicles on the road across the globe. And that market is expected to grow as the energy transition really takes off.\n<a href=\"https://laohu8.com/S/DSGX\">The Descartes Systems Group Inc</a>. (TSX:DSG) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential-and-often-overlooked in the mitigation of rising carbon emissions.","source":"lsy1606109400967","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Single Biggest Threat To The Electric Vehicle Boom</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Single Biggest Threat To The Electric Vehicle Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html>Oilprice</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.\nAnd this ...\n\n<a href=\"https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","NIO":"蔚来","TM":"丰田汽车","TSLA":"特斯拉","XPEV":"小鹏汽车"},"source_url":"https://oilprice.com/Energy/Energy-General/The-Single-Biggest-Threat-To-The-Electric-Vehicle-Boom.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2111400269","content_text":"2020 ushered in the start of the EV boom, but it could have a frightening aftershock.\nWe’re already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse.\nAnd this EV wave is only expected to grow bigger in the days ahead under the Biden administration.\nJust a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles.\nThat’s up to 643,000 vehicles turning electric on the government’s dime.\nBut Toyota’s president, Akio Toyoda, had an ominous prediction for what could lie ahead.\nHe stated that if EVs are adopted too quickly, we may not have the energy to support them at this point.\nIn fact, he predicted Japan would run out of electricity by summer if they banned all gas-powered vehicles now.\nHe even went as far as to say that if we rush the process of transitioning to EVs all at once, “the current business model of the auto industry is going to collapse.”\nWhile the buzz for electric vehicles has only grown over the last year, many often miss this key piece in making such a drastic shift in such a short period.\nAnd although it’s expected to create plenty of demand for solar, wind, nuclear, and geothermal energy sources…\nAt this point in the game, they are still too expensive and lack the storage capacity we’d need for those to be the final solution.\nThat’s why companies bridging the gap to the EV world are thriving.\nFacedrive (TSXV:FD,OTC:FDVRF), a company known for its “people and planet first” approach, has seen incredible success over the last year, for example.\nThey recently acquired EV subscription company, Steer, from the largest clean energy producer in the United States.\nSteer’s subscription model for EV cars is putting a major twist on the traditional car ownership model.\n\nSo instead of everyone going out and buying their own EV, they can borrow one as-needed instead.\nWith Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to a fleet of EVs at their disposal.\nOver the last year, big moves like this have helped Facedrive sign a number of important partnerships and deals including government agencies, A-list celebrities, and major multinational corporations.\nAnd they’ve even managed to grow their business throughout the United States and Canada during a time when ridesharing as an industry suffered during global lockdowns.\nWhen looking at the energy shortage that could lie ahead, it’s likely that creative solutions will be key in bridging the gap to the inevitable EV future.\nSmartest in the World Making Bold Predictions\nWhile Toyota’s president made a dark prediction about where we could be headed, he’s not alone in being concerned.\nElon Musk expressed his own concerns about the issue recently as well.\nIn an interview in December, he said that the world’s electricity consumption would likely double once EVs become the norm.\nAnd that’s only accounting for this mass adoption in electric vehicles.\nThe situation could become even more pressing as the rest of our lives grow increasingly digital too, sucking up more electricity in the process.\nWith the “internet of things” creating smart cities and smart homes, the demand for electricity will only go up as everything from Peloton bikes to Nest thermostats are now connected by the internet.\nPlus, peak times could cause a real problem if we don’t come up with new energy solutions.\nWith thousands of cars on the roads during morning and evening commutes, it’s not hard to imagine times where we simply wouldn’t have enough power to charge all EVs that need it at once.\nGiven the speed of innovation and the amount of resources going into renewable energy right now though, this is sure to be a short-term issue until the next great solution is discovered.\nBut in the meantime, Facedrive’s moves are putting them squarely in position to smooth out the transition.\nAnd in addition to the monthly membership model used with Steer, they’re helping keep the number of cars on the road down through their signature ridesharing service.\nTheir model is simple.\nWhen customers hail a ride, they have the choice to ride in an electric vehicle or a standard gas-powered car.\nAfter they get to their destination, the Facedrive (TSXV:FD,OTC:FDVRF) algorithm sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.\nIn other words, you ride, they plant a tree.\nThrough next-gen technology and partnerships, they’re giving their customers the option to make a more eco-friendly choice if they choose.\nPlus, Facedrive has added a booming food delivery service, which has expanded at a record pace while folks were stuck at home during global lockdowns.\nThey’re now delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.\nIt's this kind of innovative thinking that has many so optimistic about the opportunities that lie ahead.\nWho Will Win In The EV Boom?\nElon Musk warned that, like with the boom in smartphones, we’re not likely to see the EV revolution all happen at once. Because just like with smartphones, you can’t replace them all at once.\nBut it’s undeniable that the movement is growing at a remarkable pace.\nEven under an administration that was not supportive of climate change and green initiatives, the EV markets have soared throughout 2020.\nTesla was one of the biggest market stories of the year, locking in over 700% gains on its way to becoming one of the largest companies on the S&P 500.\nAnd experts are expecting to see massive spending on the infrastructure needed for EVs under the Biden administration too.\nIn addition to his vow to spend more on clean energy research, President Biden also reported plans to build out 550,000 EV charging stations across the country.\nWith the growth we’ve seen in this area already, it’s also caused shares for companies like Plug Power to soar over 1,000% in 2020.\nAnd Facedrive has been sharing in this success too, with incredible gains of 834% over the last year.\nBut while they’re helping smooth out the transition to the EV future, they’ve also been busy helping to solve the problems of today.\nLast year, they created a wearable contact tracing technology called TraceSCAN.\nIt’s designed to help alert those without cell phones when they’ve been in contact with someone who’s tested positive for COVID-19.\n\nWith wearables gaining widespread adoption since the release of devices like the Fitbit or Apple Watch, the demand for TraceSCAN has erupted in recent months.\nAnd in the coming weeks, Facedrive plans to release an updated version with key health and safety benefits like temperature checking and vital sign monitoring.\nFacedrive has now signed agreements with government agencies and major airlines to use this technology.\nPlus, they are currently in discussions to continue TraceSCAN’s growth with major multinational corporations.\nAfter the surge in electric vehicle tech we saw last year, now is the time to plan for the domino effect we could see play out in the days ahead.\nAnd in the end, it could be the ones helping in the transition that become the biggest winners of the EV boom.\nHere are a few other companies to watch in the EV and EV related space:\nTesla (NASDAQ:TSLA) was among the biggest market stories of 2020 with incredible gains of over 700%. This helped them become one of the highest-valued stocks in the United States with other Big Tech giants. It is now the most valuable car maker “of all time”. It is now worth almost $800 billion.\nAfter a much-touted Battery Day event and expectations of Musk developing a “Million Mile Battery” in the near future, Tesla recently joined the S&P 500.\nTesla is the de-facto king of the electric vehicle market. And it’s easy to see why. Armed with slick cars, game-changing technology and an out of this world CEO, Tesla has a lot going for it.\nBillionaire Elon Musk had his eye on this trend far before the hype started building. He released the first Tesla Roadster back in 2008, making electric vehicles cool when people were still snubbing their noses at the first-generation EVs. Since then, Tesla’s stock has skyrocketed by over 14,000%. But while Tesla’s EV threat to the industry is clear, the competition is heating up in China.\nNio (NYSE:NIO) is Tesla’s biggest competitor, dominating the Chinese EV markets. After going public in 2018, it’s been on a tear, producing vehicles with record-breaking range. They recently unveiled their first electric sedan with a longer range battery, which sent shares surging in early January.\nNio’s current performance is a far cry from just one year ago In fact, many shareholders were ready to write off their losses and give up on the company. But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to a high of $61 this month, representing a massive 1600% return for investors who held strong.\nBy NIO’s fourth quarter report in October, the company announced that its sales had more than doubled, projecting even greater sales in 2021. The EV up-and-comer has shocked investors and pulled itself back after its rumored potential bankruptcy in 2019, and if this year shows investors anything, it’s that its CEO William Li is as skilled and ambitious as anyone in the business.\nToyota Motors (NYSE:TM) is a massive international car producer that hasn’t ignored the transition to greener transportation. In fact, the Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles for years to come.\nAnd just because its Prius hasn’t exactly aged as well as some green competitors, Toyota hasn’t left the green power race yet. Just a few days ago, actually, the giant automaker announced that three new electric vehicles will be coming to United States markets soon.\n“We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” said Bob Carter, TMNA executive vice president of sales. “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”\nToyota has a major hold over U.S. markets at the moment. In fact, it maintains a 75% share of total fuel cell vehicles and a 64% share in hybrid and plug-in vehicles. And now it’s looking to capture a greater share of electric vehicles, as well.\nGeneral Motors (NYSE:GM) is one of the legacy automakers benefiting from a shift from gas-powered to EV technology. Even with the downfall of Detroit, GM has persisted, and that’s due in large part to its ability to adapt. In fact, GM’s dive into alternative fuels began way back in 1966 when it produced the world’s first-ever hydrogen-powered van. And it has not stopped innovating, either.\nWith the news of GM’s new business unit, BrightDrop, they plan to sell electric vans and services to commercial delivery companies, disrupting the market for delivery logistics. This is a huge move as delivery sales have absolutely exploded during the COVID-19 pandemic, and are projected to grow even further over the coming years.\nAnd in January 2021, the giant automaker announced that it will discontinue production of all gas-powered vehicles, including hybrids, by 2035. This is a key factor in its commitment to become carbon-net zero by 2040.  The move will likely sit well with shareholders which are increasingly pushing for companies to clean up their act.\nBlink Charging (NASDAQ:BLNK) is building an EV charging network that may be small right now, but it’s got explosive growth potential that is as big as the EV market itself.  This stock is on a major tear and all that cash flowing into it right now gives Blink the superpower to acquire and expand.\nA wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to the bullish case for Blink.\nMichael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”\nBlink Charging was one of the darlings of the EV boom throughout 2020 because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month.\nNFI Group (TSX:NFI) is one of Canada’s leaders in the electric vehicle space. It produces transit busses and motorcycles. NFI had a difficult start to the year, but it 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.\nRecently, 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.\nNot to be outdone, GreenPower Motor (TSX.V:GPV) a thriving electric bus manufacturer based out of Vancouver, is making moves on the market, as well. Although for the moment, its focus is primarily on the North American market, but its ambitions are much larger. Founded over a decade ago, GreenPower has been on the frontlines of the electric transportation movement, with a focus on building affordable battery-electric busses and trucks.\nYear-to-date, GreenPower has seen its share price soar from $2.03 to $36.88. That means investors have seen 1700% gains this year alone. And with this red-hot sector only going up, GreenPower will likely continue to impress.\nBoralex Inc. (TSX:BLX) is an upcoming renewable firm based in Kingsey Falls, Canada. The company’s primary energies are produced through wind, hydroelectric, thermal, and solar sources and help power the homes of many people globally. Not only has it has had a great influence in the adoption of renewable electricity domestically, it’s even branching out into the United States, France, and the United Kingdom. In fact, just recently, Boralex took control of a massive 209MW solar farm in California.\nWestport Fuel Systems (TSX:WPRT) is a unique way to get in on the green boom in the auto industry.. It helps build the tools needed for carmakers to incorporate less damaging fuels like natural gas. Though natural gas doesn’t get quite the attention as electric vehicles do, there are over 22.5  million natural gas vehicles on the road across the globe. And that market is expected to grow as the energy transition really takes off.\nThe Descartes Systems Group Inc. (TSX:DSG) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential-and-often-overlooked in the mitigation of rising carbon emissions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}