Infrastructure Funding Electrifies EV Charging Stocks – www.barrons.com

Infrastructure Funding Electrifies EV Charging Stocks

From www.barrons.com
2021-11-08 15:53:00

Excerpt:

Electric-vehicle stocks were charged up Monday, riding a wave of optimism after Congress passed a $1 trillion infrastructure package that provides billions of dollars of funding for the EV industry.

The measure passed by the House Friday evening provides $7.5 billion for building a network of electric-vehicle chargers over five years, with the potential for additional funding.

The bill allocates $5 billion to expand EV-charging stations along highways and an additional $2.5…

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