TaaS is sitting at the intersection of four macro trends: Electrified vehicles (EVs), connectivity, the sharing 'gig' economy and ESG investing. The TaaS market is projected to eventually hit $8 trillion encompassing ride sharing in personal transport, freight, food and drone delivery and distribution.
This is clearly happening as we speak, with global car sales contracting 4% in 2019 for the first time in a decade. TaaS will likely take the world by storm and become mainstream much more rapidly than many people are guessing…
Uber started in an apartment in 2009, and within just seven years, was booking more rides than the entire U.S. taxi industry! And it all happened for one simple reason... the same reason TaaS fleets could soon rule our streets...Economics.
TaaS will be 10 times cheaper than buying and operating your own, gas-powered vehicle, and will completely eliminate the need to hunt around for a parking spot when you reach your destination. Estimates are that TaaS will lower the total costs of transportation by 10-times for many car owners, compared to owning your own vehicle.
2020 could be the point at which car ownership will begin its long descent into oblivion. Back in 1985, AT&T hired the world's leading consulting firm, McKinsey, to predict the adoption rate of cellphones.
McKinsey's "experts" predicted the cell phone market would total 900,000 customers by the year 2000. But they were off by more than 100-fold... because the actual number turned out to be 109 million.
TaaS could soon drive down our costs of transportation to just a fraction of owning a car per mile! Today, it costs about 80 cents per mile in our gas-powered cars, according to AAA.
In a couple of years, it will most likely be the norm to hail an electric vehicle via an app on your phone, just like you hail a Lyft and Uber ride today. And instead of paying $50,000 for a new car... plus $3,000 a year to fill up your tank... and $1,000 to $4,000 a year for insurance, you’ll instead spend something like $150 a month for a set number of rides with a TaaS subscription.
Facedrive fully recognizes the implications of the powerful TaaS megatrend and encourages its customers to use its readily available fleet of EVs.The future of transportation is already upon us, and Facedrive (FD.V,FDVRF) is fixing its flaws.
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This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for TaaS and ride sharing services will grow, and TaaS reach $8 trillion; that the demand for environmentally conscientious ride sharing services companies in particular will grow quickly and take a much larger share of the market; that Facedrive's marketplace will offer many more sustainable goods and services, and grow revenues outside of ride-sharing;that new products co-branded by Bel Air and Facedrive are ready to launch, with pre-orders coming soon on the Facedrive website; that Facedrive can achieve its environmental goals without sacrificing profit; that Facedrive Eats will expand to other regions outside southern Ontario soon and will close its purchase of Foodora; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plan. 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 from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities and whether markets justify additional expansion; the ability of the company to attract a sufficient number of drivers to meet the demands of customer riders; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; that the products co-branded by Facedrive may not be as merchantable as expected;that Facedrive does not close the purchase of Foodora and even if it does, the purchase does not bring the customers, partnerships or revenues expected; the ability of the company to keep operating costs and customer charges competitive with other ride-hailing companies; and the company's ability to continue agreements on affordable terms with existing or new tree planting enterprises in order to retain profits. 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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