The N.L. government is pushing the electric car but Labrador's infrastructure is lagging behind


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Labrador EV Charging Infrastructure faces gaps, with few fast chargers; Level 2 dominates, fueling range anxiety for Tesla and Chevrolet Bolt drivers, despite rebates and Newfoundland's network linking St. John's to Port aux Basques.

 

Key Points

It refers to the current and planned network of Level 2 and Level 3 charging sites across Labrador.

✅ 2 public Level 2 chargers: Happy Valley-Goose Bay and Churchill Falls

✅ Phase 2: 3 fast chargers planned for HV-GB, Churchill Falls, Labrador City

✅ $2,500 rebates offered; rural range anxiety still deters buyers

 

Retired pilot Allan Carlson is used to crossing Labrador by air.

But he recently traversed the Big Land in an entirely new way, driving for hours on end in his electric car.

The vehicle in question is a Tesla Model S P100D, which Carlson says he can drive up to 500 kilometres on a full charge — and sometimes even a little more.

After catching a ferry to Blanc-Sablon, Que., earlier this month, he managed to reach Happy Valley-Goose Bay, over 600 kilometres away.

To get there, though, he had to use the public charging station in Blanc-Sablon. He also had to push the limits of what his car could muster. 

But more affordable mass-market electric vehicles don't have the battery power of a top-of-the-range Tesla, prompting the Big Land's first EV owner to wonder when Labrador infrastructure will catch up to the high-speed charging network recently unveiled across Newfoundland this summer.

Phillip Rideout, an electrician who lives in Nain, bought a Chevrolet Bolt EV for his son — the range of which tops out at under 350 kilometres, depending on driving patterns and weather conditions.

He's comfortable driving the car within Nain but said he's concerned about traveling to southern Labrador on a single charge.

"It's a start in getting these 14 charging stations across the island," Rideout said of Newfoundland's new network, "but there is still more work to be done."

The provincial government continues to push an electric-vehicle future, however, even as energy efficiency rankings trail the national average, despite Labradorians like Rideout feeling left out of the loop.

Bernard Davis, minister of environment and climate change, earlier this month announced that government is accepting applications for its electric-vehicle rebate program, as the N.W.T. EV initiative pursues similar goals.

Under the $500,000 program, anyone looking to buy a new or used EV would be entitled to $2,500 in rebates, an attempt by the provincial government to increase EV adoption.

But according to a survey conducted this year by polling firm Leger for the Canadian Vehicle Manufacturer's Association, 51 per cent of rural Canadians found a lack of fast-charging public infrastructure to be a major deterrent to buying an electric car, even as Atlantic EV interest lags overall, according to recent data.

While Newfoundland's 14-charger network, operated by N.L. Hydro and Newfoundland Power, allows drivers to travel from St. John's to Port aux Basques, and 10 new fast-charging stations are planned along the Trans-Canada in New Brunswick, Labrador in contrast has just two publicly available charging locations: one at the YMCA in Happy Valley-Goose Bay and the other near the town office of Churchill Falls.

This is the proposed second phase of additional Level 2 and Level 3 charging locations across Labrador. (TakeChargeNL)
These are slower, Level 2 chargers, as opposed to newer Level 3 charging stations on the island. A Level 2 system averages 50 kilometres of range per hour, and a Level 3 systems can add up to 250 kilometres within the same time frame, making them about five times faster.

Even though all of the fast-charging stations have gone to Newfoundland, MHA for Lake Melville Perry Trimper is optimistic about Labrador's electric future.

Trimper has owned an EV in St. Johns since 2016, but told CBC he'd be comfortable driving it in Happy Valley-Goose Bay.

He acknowledged, however, that prospective owners in Labrador might not be able to drive far from their home charging outlet. 

More promises
If rural skepticism driven by poor infrastructure continues, the urban population could lead the way in adoption, allowing the new subsidies to disproportionately go toward larger population centres, Davis acknowledged.

"Obviously people are not going to purchase electric vehicles if they don't believe they can charge them where they want to be or where they want to go," Davis said in an interview in early September.

Under the provincial government's Phase 2 proposal, Newfoundland and Labrador is projected to get 19 charging stations, with three going to Labrador in Happy Valley-Goose Bay, Churchill Falls and Labrador City, taking cues from NB Power's public network in building regional coverage.

Davis would not commit to a specific cutoff period for the rebate program or a timeline for the first fast-charging stations in Labrador to be built.

"At some point, we are not going to need to place any subsidy on electric vehicles," he said, "but that time is not today and that's why these subsidies are important right now."

Future demand 
Goose Bay Motors manager Joel Hamlen thinks drivers in Labrador could shift away from gas vehicles eventually, even as EV shortages and wait times persist.

But he says it'll take investment into a charging network to get there.

"If we can get something set up where these people can travel down the roads and use these vehicles in the province … I am sure there will be even more of a demand," Hamlen said.

 

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Road to electric vehicle targets in Manitoba not smooth, experts say

Manitoba ZEV Roadblocks highlight EV charging station gaps, rural infrastructure limits, dealership supply shortages, and ZEV mandate timelines, pushing mode shift to transit, cycling, and walking while hampering zero-emission vehicle adoption across the province.

 

Key Points

EV charging gaps, rural access limits, and supply constraints slow Manitoba's progress toward ZEV targets.

✅ Sparse Level 3 fast chargers outside Winnipeg

✅ Rural infrastructure limits long-distance confidence

✅ Dealership supply lags; long pre-order wait times

 

The federal government’s push toward zero-emission vehicles (ZEVs), including forthcoming EV sales regulations, is hitting some roadblocks in Manitoba.

Earlier this year, Ottawa set a sales target to encourage Canadians to choose ZEVs. By 2026, their goal is to have ZEVs make up 20 per cent of new vehicle purchases. By 2035, they want all new vehicles sold to be ZEVs, a target that has sparked 2035 EV mandate debate among industry observers.

READ MORE: Ottawa sets 2026 target for mandating electric vehicle sales

Connie Blixhavn with the Manitoba Electric Vehicle Association (MEVA) doesn’t think Manitoba is on track.

“We’re not, not at all,” she said.

Blixhavn lives in Killarney, Man., and bought an electric vehicle last year. She plans her trips to Brandon and Winkler around the life of her car’s battery, but finds the charging infrastructure to be lacking and unreliable, a challenge echoed by Labrador's lagging infrastructure in Newfoundland and Labrador.

“Brandon is my closest place to get a level three charge, and when they’re not working, it limits where you can go,” she said.

Level three is the fastest type of EV charger, taking about 15-45 minutes to fully charge a vehicle’s batteries.

According to CAA, 68 of the province’s 94 EV charging stations are in Winnipeg. Blixhavn says it limits options for rural people to confidently adopt EVs, even as jurisdictions like the N.W.T. encourage EV adoption through targeted programs.

“I know we’re a big area, but they need to strategically plan where they put these so we all have access,” she said.

ZEVs are often not found on dealership lots – they have to be pre-ordered. One dealership employee told Global News demand far outweighs supply, amid EV shortages and wait times reported nationally, with some customers waiting one to two years for their new vehicle to arrive.

Mel Marginet with the Green Action Centre’s Sustainable Transporation Team is also wary of Manitoba’s ability to meet the 2026 goal, noting that even as experts question Quebec's EV push there are broader challenges. She believes the only way to come close is to change how much Manitobans use personal vehicles altogether.

“If we’re really concerned about the environment, we need to double and triple down on just reducing personal vehicle trips by and large,” she said.

Marginet points to transit, walking and cycling as ways to reduce reliance on driving.

“We depend on personal vehicles a lot in this province, and far more than we should have to,” she said. “My biggest worry is that we’ll take resources away from what we need to build to get people to use personal vehicles less.”

For Blixhavn, the lack of charging stations in her area has caused her to reduce her vehicle use. While she says she’s fine with the extra planning it takes to travel, she believes the lack of infrastructure is preventing Manitobans, especially those in rural areas, from catching up with other provinces, as Atlantic Canada EV interest lags the rest of the country, when it comes to choosing electric vehicles.

 

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DOE Announces $5 Million to Launch Lithium-Battery Workforce Initiative

DOE Battery Workforce Strategy advances lithium battery manufacturing with DOE, DOL, and AFL-CIO partnerships, pilot training programs, EV supply chain skills, and industry-labor credentials to strengthen clean energy jobs and domestic competitiveness.

 

Key Points

An initiative to fund pilot training and labor-industry partnerships to scale domestic lithium battery manufacturing.

✅ $5M for up to five pilot training programs.

✅ Builds industry-labor credentials across the battery supply chain.

✅ Targets EV manufacturing, recycling, and materials refining.

 

The U.S. Department of Energy (DOE), in coordination with the U.S. Department of Labor and the AFL-CIO, today announced the launch of a national workforce development strategy for lithium-battery manufacturing. As part of a $5 million investment, DOE will support up to five pilot training programs in energy and automotive communities and advance workforce partnerships between industry and labor for the domestic lithium battery supply chain. Lithium batteries power everything from electric vehicles, where U.S. automakers' battery strategies are rapidly evolving, to consumer electronics and are a critical component of President Biden’s whole-of-government decarbonization strategy. This workforce initiative will support the nation’s global competitiveness within battery manufacturing while strengthening the domestic economy and clean energy supply chains. 

“American leadership in the global battery supply chain, as the U.S. works with allies on EV metals to strengthen access, will be based not only on our innovative edge, but also on our skilled workforce of engineers, designers, scientists, and production workers,” said U.S. Secretary of Energy Jennifer M. Granholm, “President Biden has a vision for achieving net zero emissions while creating millions of good paying, union jobs — and DOE’s battery partnerships with labor and industry are key to making that vision a reality.” 

“President Biden has made the creation of good union jobs a cornerstone of his climate strategy,” said AFL-CIO President Liz Shuler. “We applaud DOE for being proactive in pulling labor and management together as the domestic battery industry is being established, and as Canada accelerates EV assembly nearby, we look forward to working with DOE and DOL to develop high-road training standards for the entire battery supply chain.” 

“I am glad to see the Department of Energy collaborating with our industry partners to invest in the next generation of our clean energy workforce,” said U.S. Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee. “While I remain concerned about our dependence on China and other foreign countries for key parts of the lithium-ion battery supply chain, and recent lithium supply risks highlight the urgency, engaging our strong and capable workforce to manufacture batteries domestically is a critical step toward reducing our reliance on other countries and ensuring we are able to maintain our energy security. I look forward to seeing this initiative grow, and we will continue to work closely together to ensure we can onshore the rest of the battery supply chain.” 

The pilot training programs will bring together manufacturing companies, organized labor, and training providers to lay the foundation for the development of a broad national workforce strategy. The pilots will support industry-labor cooperation, as major North American projects like the B.C. battery plant advance, and will provide sites for job task analyses and documenting worker competencies. Insights gained will support the development of national industry-recognized credentials and inform the development of broader training programs to support the overall battery supply chain. 

This initiative comes as part of suite of announcements from President Biden’s Interagency Working Group (IWG) on Coal and Power Plant Communities and Economic Revitalization—a partnership among the White House and nearly a dozen federal agencies committed to pursuing near- and long-term actions to support coal, oil and gas, and power plant communities as the nation transitions to a clean energy economy. 

This announcement follows DOE’s recent release of two Notices of Intent authorized by the Bipartisan Infrastructure Law to provide $3 billion to support projects that bolster domestic battery manufacturing and battery recycling for a circular economy efforts nationwide. The funding, which will be made available in the coming months, will support battery-materials refining, which will bolster domestic refining capacity of minerals such as lithium, as well as production plants, battery cell and pack manufacturing facilities, and recycling facilities. 

It also builds on progress the Biden-Harris Administration and DOE have driven to secure a sustainable, reliable domestic supply of critical minerals and materials necessary for clean energy supply chains, including lithium, with emerging sources like Alberta's lithium-rich oil fields underscoring regional potential. This includes $44 million in funding through the DOE Mining Innovations for Negative Emissions Resource Recovery (MINER) program to fund the technology research that increases the mineral yield while decreasing the required energy, and subsequent emissions, to mine and extract critical minerals such as lithium, copper, nickel, and cobalt. 

 

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BC Hydro electric vehicle fast charging site operational in Lillooet

BC Hydro Lillooet EV fast charging launches a pull-through, DC fast charger hub for electric trucks, trailers, and cars, delivering 50-kW clean hydroelectric power, range-topups, and network expansion across B.C. with reliable public charging.

 

Key Points

A dual 50-kW pull-through DC fast charging site in Lillooet supporting EV charging for larger trucks and trailers.

✅ Dual 50-kW units add ~50 km range in 10 minutes

✅ Pull-through bays fit trucks, trailers, and long-wheelbase EVs

✅ Part of BC Hydro network expansion across B.C.

 

A new BC Hydro electric vehicle fast charging site is now operational in Lillooet with a design that accommodates larger electric trucks and trailers.

'We are working to make it easier for drivers in B.C. to go electric and take advantage of B.C.'s clean, reliable hydroelectricity,' says Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation. 'Lillooet is a critical junction in BC Hydro's Electric Highway fast charging network and the unique design of this dual station will allow for efficient charging of larger vehicles.'

The Lillooet station opened in early March. It is in the parking lot at Old Mill Plaza at 155 Main Street and includes two 50-kilowatt charging units. Each unit can add 50 kilometres of driving to an average electric vehicle with BC Hydro's faster charging initiatives continuing to improve speeds, in about 10 minutes. The station is one of three in the province that can accommodate large trucks and trailers because of it's 'pull-through' design. The other two are in Powell River and Fraser Lake.

'As the primary fuel supplier for electric vehicles, we are building out more charging stations to ensure we can accommodate the volume and variety of electric vehicles that will be on B.C. roads in the coming years,' says Chris O'Riley, President and CEO of BC Hydro. 'BC Hydro will add 325 charging units to its network at 145 sites, and is piloting vehicle-to-grid technology to support grid flexibility within the next five years.'

Transportation accounts for about 40 per cent of greenhouse gas emissions in B.C. In September, BC Hydro revealed its Electrification Plan, with initiatives to encourage B.C. residents, businesses and industries to switch to hydroelectricity from fossil fuels to help reduce carbon emissions, alongside investments in clean hydrogen development to further decarbonize. The plan encourages switching from gas-powered cars to electric vehicles and is supported by provincial EV charger rebates for homes and workplaces.

BC Hydro's provincewide fast charging network currently includes, as part of B.C.'s expanding EV leadership across the province, 110 fast charging units at 76 sites in communities throughout B.C. The chargers are funded in a partnership with the Province of B.C. and Natural Resources Canada.

 

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"World?s Most Powerful? Tidal Turbine Starts Pumping Green Electricity To Onshore Grid

O2 Tidal Turbine delivers tidal energy in Orkney, Scotland, supplying grid-connected renewable power via EMEC and enabling green hydrogen production, providing clean electricity with predictable generation from strong coastal currents.

 

Key Points

A 2 MW, grid-connected tidal device in Orkney that delivers clean power and enables EMEC green hydrogen production.

✅ 2 MW capacity; powers ~2,000 UK homes via EMEC grid

✅ Predictable renewable output from strong coastal currents

✅ Enables onshore electrolyzer to produce green hydrogen

 

“The world’s most powerful” tidal turbine has been hooked up to the onshore electricity grid in Orkney, a northerly archipelago in Scotland, and is ready to provide homes with clean, green electricity, even as a major UK offshore windfarm begins supplying power this week.

The tidal turbine, known as the O2, was developed by Scottish engineering firm Orbital Marine Power. On July 28, they announced O2 “commenced grid connected power generation” at the European Marine Energy Centre (EMEC) in Orkney, meaning it's all set up and providing energy to the local power grid, similar to another Scottish tidal project that recently powered nearly 4,000 homes.

The 74-meter-long (242-foot) turbine is said to be “the world’s most powerful” tidal turbine. It will lay in the waters off Orkney for the next 15 years with the capacity to meet the annual electricity demand of around 2,000 UK homes. The 2MW turbine is also set to power the EMEC’s land-based electrolyzer that will generate green hydrogen (hydrogen made without fossil fuels) that can also be used as a clean energy source, in a UK energy system that recently set a wind generation record for output.

“Our vision is that this project is the trigger to the harnessing of tidal stream resources around the world and, alongside investment in UK offshore wind, to play a role in tackling climate change whilst creating a new, low-carbon industrial sector,” Orbital CEO, Andrew Scott, said in a press release.

Tidal energy is harnessed by converting energy from the natural rise and fall of ocean tides and currents. The O2 turbine consists of two submerged blades with a 20-meter (65-foot) diameter attached to a turbine that will move with the shifting currents of Orkney’s coast to generate electricity. Electricity is then transferred from the turbine along the seabed via cables towards the local onshore electricity network, a setup also being used by a Nova Scotia tidal project to supply the grid today.


This method of harnessing energy is not just desirable because it doesn't release carbon emissions, but it’s more predictable than other renewable energy sources, such as solar or Scotland's wind farms that can be influenced by weather conditions. Tidal energy production is still in its infancy and there are relatively few large-scale tidal power plants in the world, but many argue that some parts of the world could potentially draw huge benefits from this innovative form of hydropower, especially coastal regions with strong currents such as the northern stretches of the UK and the Bay of Fundy in Atlantic Canada.

The largest tidal power operation in the world is the Sihwa Lake project on the west coast of South Korea, which harnesses enough power to support the domestic needs of a city with a population of 500,000 people. However, once fully operational, the MeyGen tidal power project in northern Scotland hopes to snatch its title.

 

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UK sets new record for wind power generation

Britain Wind Generation Record underscores onshore and offshore wind momentum, as National Grid ESO reported 20.91 GW, boosting zero-carbon electricity, renewables share, and grid stability amid milder weather, falling gas prices, and net zero goals.

 

Key Points

The Britain wind generation record is 20.91 GW, set on 30 Dec, driven by onshore and offshore turbines.

✅ Set on 30 Dec 2022 with peak output of 20.91 GW.

✅ Zero-carbon sources hit 87.2% of grid supply.

✅ Driven by onshore and offshore wind; ESO reported stability.

 

Britain has set a new record for wind generation as power from onshore and offshore turbines helped boost clean energy supplies late last year.

National Grid’s electricity system operator (ESO), which handles Great Britain’s grid operations, said that a new record for wind generation was set on 30 December, when 20.91 gigawatts (GW) were produced by turbines.

This represented the third time Britain’s fleet of wind turbines set new generation records in 2022. In May, National Grid had to ask some turbines in the west of Scotland to shut down, as the network was unable to store such a large amount of electricity when a then record 19.9GW of power was produced – enough to boil 3.5m kettles.

The ESO said a new record was also set for the share of electricity on the grid coming from zero-carbon sources – renewables and nuclear – which supplied 87.2% of total power. These sources have accounted for about 55% to 59% of power over the past couple of years.

The surge in wind generation represents a remarkable reversal in fortunes as a cold snap that enveloped Britain and Europe quickly turned to milder weather.

Power prices had soared as the freezing weather forced Britons to increase their heating use, pushing up demand for energy despite high bills.

The cold weather came with a period of low wind, reducing the production of Britain’s windfarms to close to zero.

Emergency coal-fired power units at Drax in North Yorkshire were put on standby but ultimately not used, while gas-fired generation accounted for nearly 60% of the UK’s power output at times.

However, milder weather in the UK and Europe in recent days has led to a reduction in demand from consumers and a fall in wholesale gas prices. It has also reduced the risk of power cuts this winter, which National Grid had warned could be a possibility.

Wind generation is increasingly leading the power mix in Britain and is seen as a crucial part of Britain’s move towards net zero. The prime minister, Rishi Sunak, is expected to overturn a moratorium on new onshore wind projects with a consultation on the matter due to run until March.

 

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The Single Biggest Threat To The Electric Vehicle Boom

EV Boom Aftershock highlights electric vehicles straining grid capacity as policy accelerates adoption, requiring charging infrastructure, renewable energy storage, and transition models from Tesla, NIO, Toyota, GM, Blink Charging, and Facedrive's Steer subscription.

 

Key Points

EV Boom Aftershock is the grid and industry strain from rapid EV adoption requiring charging and storage upgrades.

✅ Policy push: fleet electrification, 550k chargers planned

✅ Grid capacity, storage, and charging infrastructure are critical

✅ Bridge models: subscriptions, rideshare, and logistics electrification

 

2020 ushered in the start of the EV boom, but it could have a frightening aftershock. The world is already seeing some of the incredible triple-digit gains in EV companies like Tesla and Workhorse. And this EV wave is only expected to grow bigger in the days ahead under the Biden administration.  Mentioned in today's commentary includes:  Tesla, Inc., NIO Limited, Toyota Motor Corporation, General Motors Company, Blink Charging Co.

Just a week after inauguration, President Biden reported he plans to replace the entire government fleet with electric vehicles. That's up to 643,000 vehicles turning electric on the government's dime. But Toyota's president, Akio Toyoda, had an ominous prediction for what could lie ahead.

He stated that if EVs are adopted too quickly, we may not have the energy to support them at this point. In fact, he predicted Japan would run out of electricity by summer if they banned all gas-powered vehicles now. He 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."

While 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. And although it's expected to create plenty of demand for solar, wind, nuclear, and geothermal energy sources…

At 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. That's why companies bridging the gap to the EV world are thriving.

Facedrive, a company known for its "people and planet first" approach, has seen incredible success over the last year, for example. They recently acquired EV subscription company, Steer, from the largest clean energy producer in the United States. Steer's subscription model for EV cars is putting a major twist on the traditional car ownership model. So instead of everyone going out and buying their own EV, they can borrow one as-needed instead.

With 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.

Over 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. And 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.

Smartest in the World Making Bold Predictions

While Toyota's president made a dark prediction about where we could be headed, he's not alone in being concerned. Elon Musk expressed his own concerns about the issue recently as well.

In an interview in December, he said that the world's electricity consumption would likely double once EVs become the norm. And that's only accounting for this mass adoption in electric vehicles.

The situation could become even more pressing as the rest of our lives grow increasingly digital too, sucking up more electricity in the process. With 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.

With 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 grid capacity to charge all EVs that need it at once.

But in the meantime, Facedrive's moves are putting them squarely in position to smooth out the transition. And 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.

Their model is simple. When customers hail a ride, they have the choice to ride in an electric vehicle or a standard gas-powered car. After they get to their destination, the Facedrive algorithm sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride. In other words, customers ride, they plant a tree.

Through next-gen technology and partnerships, they're giving their customers the option to make a more eco-friendly choice if they choose. Plus, Facedrive has added a booming food delivery service, which has expanded at a record pace while folks were stuck at home during global lockdowns.

They'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. It's this kind of innovative thinking that has many so optimistic about the opportunities that lie ahead.

Who Will Win In The EV Boom?

Elon Musk warned that, like with the boom in smartphones, we're not likely to see the EV revolution all happen at once, and industry leaders still see mainstream hurdles ahead for broad adoption. Because just like with smartphones, you can't replace them all at once. But it's undeniable that the movement is growing at a remarkable pace, with many arguing it has reached an inflection point already in several segments today.

Even under an administration that was not supportive of climate change and green initiatives, the EV markets have soared throughout 2020, and U.S. EV sales are surging into 2024 as well across segments.

Tesla 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. And experts are expecting to see massive spending on the infrastructure needed for EVs under the Biden administration too.

In 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. With 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. And Facedrive has been sharing in this success too, with incredible gains of 834% over the last year.

Facedrive hasn't been the only company riding the EV wave, however.  Tesla (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.

After 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.

Billionaire 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's EV market right now as rivals scale.

Nio (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.

Nio'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% returns for investors who held strong. 

By 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.

Toyota Motors (TM) is a massive international car producer who 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.

And 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.

Toyota 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.

General Motors (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 for testing. And it has not stopped innovating, either.

With 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.

And 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.

Blink Charging (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. 

A 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.

Michael 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."

 

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