Biden Infrastructure Plan Could Be Boon For These EV Stocks

yahoo2021-04-01

President Joe Biden's $2.5 trillion infrastructure plan calls for massive investments in electric vehicles and related technologies, a potential boon for EV stocks likeTesla(TSLA) as well as charging ...

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Comments

SSSG
2021-04-01
SSSG
May build up the EV stock and its related companies, i.e., sensor and battery related companies.
JuanPeppa
2021-04-01
JuanPeppa
Adding chargers to my watchlist
Wallstrtbets
2021-04-01
Wallstrtbets
Tesla mania Liao.
- Yuhsheng:
  it's time
KW1
2021-04-01
KW1
Good news
FuJie1010
2021-04-01
FuJie1010
Great news
derricktcw
2021-04-01
derricktcw
Nice

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Currently, consumers can claim tax credits of as much as $7,500 when they buy an electric car.But Tesla andGeneral Motors(GM) have already passed the 200,000 limit at which point carmakers no longer qualify for the rebates.Wedbush analyst Daniel Ives says he expects the ceiling will be lifted. He adds that an expansion of the tax credits to the $10,000 range or potentially higher in a tiered system is possible.EV Initiatives: InfrastructureThere are about 41,400 EV charging stations in the U.S., according to the Department of Energy, though one station can have multiple ports that can serve several cars at a time. That compares with more than 136,400 gas stations, according to GasBuddy.Biden's plan will establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030.Ives calls this part of the plan a linchpin of these EV initiatives. \"Today there are roughly 100,000 public charging ports with another 300,000/400,000 needed over the next decade to support this groundswell EV green tidal wave for consumers/trucking.\"Biden's plan also calls for the replacement of 50,000 diesel transit vehicles and electrification of at least 20% of school buses. It looks to also electrify the federal fleet, including the United States Postal Service.EV StocksTesla jumped 5.1% to 667.93 on thestock market today. TSLA stock has lost more than a quarter of its value since skyrocketing to an all-time high of 900.40 intraday on Jan. 25.The company is also expected to report Q4 deliveries later this week. Wall Street expects deliveries of 174,000 vehicles.Meanwhile, ChargePoint surged 19%. Blink Charging stock soared 11. AndClimate Change Crisis Real (CLII), a blank check company that is taking EVgo public, rose 3%.But legacy auto giants making a big push in EVs were down.GM stockslipped 1.8%,Ford(F) fell 1.7%, and German automakerVolkswagen(VWAGY) sank 3.8%.Even newly public EV stocks were relatively muted.Canoo(GOEV) fell 2.9%,Lordstown(RIDE) rose 1.6%, andFisker(FSR) advanced 3%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":357484317,"gmtCreate":1617289805839,"gmtModify":1704698458211,"author":{"id":"3571092559413416","authorId":"3571092559413416","name":"SSSG","avatar":"https://static.tigerbbs.com/8b6004ac9552e20472bc1792d3c17df6","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"May build up the EV stock and its related companies, i.e., sensor and&nbsp;battery related companies.","listText":"May build up the EV stock and its related companies, i.e., sensor and&nbsp;battery related companies.","text":"May build up the EV stock and its related companies, i.e., sensor and battery related companies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357484317","repostId":1138291357,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357280005,"gmtCreate":1617277539607,"gmtModify":1704698173540,"author":{"id":"3575478895169151","authorId":"3575478895169151","name":"JuanPeppa","avatar":"https://static.tigerbbs.com/11e978e3883c2747c5361be0b59b2116","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Adding chargers to my watchlist","listText":"Adding chargers to my watchlist","text":"Adding chargers to my watchlist","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357280005","repostId":1138291357,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357212475,"gmtCreate":1617277064497,"gmtModify":1704698169306,"author":{"id":"3566244878628904","authorId":"3566244878628904","name":"Wallstrtbets","avatar":"https://static.tigerbbs.com/6c38bbee1121ea92508ad9508fa15c5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Tesla mania Liao.","listText":"Tesla mania Liao.","text":"Tesla mania Liao.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357212475","repostId":1138291357,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3939175,"gmtCreate":1617277234920,"gmtModify":1680782586164,"authorId":3577652371131486,"author":{"id":3577652371131486,"authorId":3577652371131486,"name":"Yuhsheng","avatar":"https://static.tigerbbs.com/4e1f86fdcf70c14426241248268a94ee","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches 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news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357235603","repostId":1138291357,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357239412,"gmtCreate":1617275361236,"gmtModify":1704698151481,"author":{"id":"3569319160707763","authorId":"3569319160707763","name":"FuJie1010","avatar":"https://static.tigerbbs.com/95099c51f8498b56c3973ded1570fc6b","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great news","listText":"Great news","text":"Great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357239412","repostId":1138291357,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357624002,"gmtCreate":1617269807306,"gmtModify":1704698074127,"author":{"id":"3573299860631217","authorId":"3573299860631217","name":"derricktcw","avatar":"https://static.tigerbbs.com/5a1199cb4a0625385a7b6dca8e51b91f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357624002","repostId":1138291357,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":154,"commentSize":84,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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