The Best Ways To Play The Electric Vehicle Boom

- FN Media Group Presents Oilprice.com Market Commentary

LONDON, May 17, 2021 /PRNewswire/ -- Electric vehicle sales jumped 43% in 2020 while overall car sales decreased by 20%, and there's still plenty of room to run on the electric playing field, according to some of the biggest wealth managers, but there's a potential big industry disruptor here …   Mentioned in today's commentary includes:  Tesla, Inc. (NASDAQ: TSLA), NIO Inc. (NYSE: NIO), Apple Inc. (NASDAQ: AAPL), Toyota Motor Corporation (NYSE: TM), Blink Charging Co. (NASDAQ: BLNK).

One of the next big shake-ups in the auto industry - and one that will help, not hinder the adoption of EVs - is the burgeoning car subscription business.

The car subscription market is set to top $12 billion by 2027, and many of the big car makers are making moves on it, from Porsche to Volvo … and even to Hertz itself, since there is a big opportunity here. But https://www.google.com/url?q=https://www.google.com/url?q%3Dhttps://www.steerev.com%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1617668556789000%26amp;usg%3DAOvVaw0yjdldO4d-rWhSU4RD0pRt&sa=D&source=editors&ust=1617668556821000&usg=AOvVaw2btXni8TvojBVs5zBmzUfzWashington, D.C.-based Steer combines two big trends: subscriptions and EVs, making it one to watch in this sector.

Acquired by Canadian Facedrive in Q3 2020, Steer - like Facedrive itself - is all about getting out in front of the newest trends, first…And turning carbon-offset offerings into profitable tech-driven verticals.

Facedrive's Steer (FD; FDVRF) knows a lot about millennials. They are millennials. And many millennials just don't like to buy and own. They are far too dynamic for that. Leases were already becoming a favorite for many millennials as far back as 2016 when 34% of them chose leases over financing.

An EV Garage At the Touch of a Button

Steer is a new all-inclusive, monthly, low-risk car subscription service that features 100% electric, plug-in, and hybrid vehicles. And the company was created with an overriding ambition: To take the EV industry one step further by helping to change the way people view car ownership, forever…Let's not mince words, here: The car ownership experience is woefully lacking. From the annoyance of haggling with that special breed of car dealers… to the hassle of shopping for, paying for, and attempting to understand the nuances of insurance… to myriad financing options, all of which tie to you a car you don't want to be committed to for so long…