What Stocks Stand to Win Big Under Biden's Bold EV Plan?

Barrons2021-08-06

President Biden wants half of all new car sales in America to be electric by the end of the decade. It’s a bold goal—and it won’t be easy. It will require a lot of lithium, batteries, EV charging, and...

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Comments

Staceh091
2021-08-11
Staceh091
Worth it
TK360
2021-08-06
TK360
Nice, with US n China committed to EVs, faster green environment.
SSVC
2021-08-06
SSVC
Ya Appreciate your response and comments Thanks
ApacheFire
2021-08-06
ApacheFire
Shouldn’t all the big 3 carmakers benefited?
ivy888
2021-08-06
ivy888
Like
JunLong
2021-08-06
JunLong
EV like pls
- ivy888:
  ok
- Mammoth:
  [微笑] [微笑]

Leave a comment

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It’s a bold goal—and it won’t be easy. It will require a lot of lithium, batteries, EV charging, and...</p>\n\n<a href=\"https://www.barrons.com/articles/biden-electric-vehicle-plan--spending-battery-stocks-51628177393?mod=hp_LEAD_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F","symbol_name":"福特汽车","start_time":0,"source_url":"https://www.barrons.com/articles/biden-electric-vehicle-plan--spending-battery-stocks-51628177393?mod=hp_LEAD_1","article_id":"1173166137","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173166137","pubTimestamp":1628210147,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"President Biden wants half of all new car sales in America to be electric by the end of the decade. ","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"F":"福特汽车","CHPT":"ChargePoint Holdings Inc.","ROK":"罗克韦尔自动化","TSLA":"特斯拉","ALB":"美国雅保","GM":"通用汽车"},"translate_title":"在拜登大胆的电动汽车计划下，哪些股票将大获成功？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALB":0.9,"CHPT":0.9,"F":0.9,"GM":0.9,"ROK":0.9,"TSLA":0.9},"content_text":"President Biden wants half of all new car sales in America to be electric by the end of the decade. It’s a bold goal—and it won’t be easy. It will require a lot of lithium, batteries, EV charging, and EV manufacturing capacity. Most important, it will require billions and billions of dollars.\nWednesday, the White House announced plans for Biden to sign an executive order supporting his goals of boosting the U.S. EV business. “The President believes it is time for the U.S. to lead in electric vehicle manufacturing, infrastructure,and innovation,” reads the news release.\nIt’s a tall order. There are only about 2 million EVs on U.S. roads today, and only about 2% of all cars sold in 2020 were all-electric. That works out to roughly 250,000 out of 16 million light vehicles. What’s more,General Motors(ticker: GM) delivered 1.3 million cars in the U.S. during the first half of 2021, and only 20,300 were EVs, just 1.6%.\n\nGM, of course, has already announced plans to invest $35 billion in EV development between 2020 and 2025, which includes about $8 billion for battery capacity. 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There are 150,000 gas stations in America and only a few thousand fast-charging stations. Of course, people plug EVs in at home, but they still need to be able to charge up while on the road. The fastest chargers cost about $100,000 each, according to Arcady Sosinov, CEO of FreeWire, which builds charging equipment with battery backup that doesn’t require complicated utility hookups. That price doesn’t include installation. To get to, say, 50,000 fast-charging stations might require another $10 billion.\nThat’s almost $100 billion in spending over the next nine years—in the U.S. alone—to have the capacity to build enough cars and batteries to reach Biden’s goal and to keep the infrastructure to enable their adoption. It’s certainly possible to spend that—there will be many companies, many industries, and many years involved—and that’s good news for EV charging companies such as ChargePoint(CHPT) and providers of capital and automation equipment such as Rockwell Automation(ROK), among others.\nIt’s also good for battery makers such as China’s CATL(300750.China), which has spent about $3 billion over the past 12 months boosting its capacity as Chinese EV sales expand rapidly. All the largest battery makers in the world are foreign, based in Korea, Japan, and China.\nThe spending won’t stop there. Batteries need lithium, so the lithium mining industry has to ramp capacity too. In 2020, the world was mining about 400,000 tons of lithium a year, enough to power 2 million to 3 million EVs a year, although only about one-third of global output is destined for cars. Don’t forget phones need batteries too.\nIf the U.S. is making 8 million EVs and the rest of the world is doing similar things, then the world will need to mine an incremental 5 million tons of lithium a year. It’s a massive 13-fold increase for the industry. That’s means demand growth as far as the eye can see and is good news for miners such as Albemarle(ALB). Albemarle is spending about $800 million $900 million a year on maintaining and expanding its operations. Albemarle has a roughly 20% market share of the global lithium mining market. That doesn’t including lithium refining, however, which mainly happens in China.\nAll this adds up to about 40 billion lithium-ion battery cells for the U.S. by 2030 and, perhaps, 225 billion annually for the globe. It’s a huge number and doesn’t include batteries going into power storage applications for utilities and backup power for consumers.\nIt’s a massive transition, one that has been enabled by falling battery costs and success from the likes of Tesla. But taking it mainstream will require hundreds of billions of dollars. It’s one of the largest changes in the car business in the last 100-plus years.\nFor not, stocks aren’t really reacting to the announcement. Tesla rose 0.5% The S&P 500 and Dow Jones Industrial Average rose 0.6% and 0.8% on Thursday.\nThe market doesn’t typically react to 2030 targets set by politicians—but the transition is under way nonetheless.","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":892058094,"gmtCreate":1628614851118,"gmtModify":1676529798734,"author":{"id":"4090731496030300","authorId":"4090731496030300","name":"Staceh091","avatar":"https://static.tigerbbs.com/803403d6c671d7e8149e6dcdbd7a208a","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Worth it","listText":"Worth it","text":"Worth it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892058094","repostId":1173166137,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899726321,"gmtCreate":1628216348563,"gmtModify":1703503325546,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice, with US n China committed to EVs, faster green environment.&nbsp;","listText":"Nice, with US n China committed to EVs, faster green environment.&nbsp;","text":"Nice, with US n China committed to EVs, faster green environment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899726321","repostId":1173166137,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899795002,"gmtCreate":1628214061906,"gmtModify":1703503258320,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ya Appreciate your response and comments Thanks&nbsp;","listText":"Ya Appreciate your response and comments Thanks&nbsp;","text":"Ya Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899795002","repostId":1173166137,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899421653,"gmtCreate":1628211594872,"gmtModify":1703503185251,"author":{"id":"3560730969024945","authorId":"3560730969024945","name":"ApacheFire","avatar":"https://community-static.tradeup.com/news/dadb20729b4de235c5471810de88a90d","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Shouldn’t&nbsp;all the big 3&nbsp;carmakers benefited? &nbsp;","listText":"Shouldn’t&nbsp;all the big 3&nbsp;carmakers benefited? &nbsp;","text":"Shouldn’t all the big 3 carmakers benefited?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899421653","repostId":1173166137,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899461595,"gmtCreate":1628211171817,"gmtModify":1703503169359,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899461595","repostId":1173166137,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899485553,"gmtCreate":1628210812372,"gmtModify":1703503160617,"author":{"id":"3554811797518409","authorId":"3554811797518409","name":"JunLong","avatar":"https://static.tigerbbs.com/b2e52c429c122abe07466e4b07ee5730","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0},"htmlText":"EV like pls&nbsp;","listText":"EV like pls&nbsp;","text":"EV like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899485553","repostId":1173166137,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5441492,"gmtCreate":1628211187079,"gmtModify":1663231996337,"authorId":3579641974902127,"author":{"id":3579641974902127,"authorId":3579641974902127,"name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899485553,"type":1,"supId":5441451,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5441451,"gmtCreate":1628210970674,"gmtModify":1663231995640,"authorId":3584839794199440,"author":{"id":3584839794199440,"authorId":3584839794199440,"name":"Mammoth","avatar":"https://static.tigerbbs.com/036db6f852821966d5b40229ad16e66a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899485553,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑]","text":"[微笑] [微笑]","html":"[微笑] [微笑]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":94,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1173166137"}