Posted on 03/31/2021 10:07:49 AM PDT by Red Badger
Electric-vehicle stocks moved higher on Wednesday following the release of Biden's $2 trillion infrastructure plan.
The plan would invest $174 billion in the electric-vehicle market to better compete with China.
Shares of Tesla, Fisker, and Lordstown Motors were higher by as much as 4% in Wednesday trades.
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The electric-vehicle sector got a boost on Wednesday with the release of President Joe Biden's $2 trillion infrastructure proposal. The bill would carve out $174 billion for the EV sector, as Biden aims to better equip US companies to compete with China, which has a bigger market share of plug-in electric vehicle sales. Biden's plan would help automakers retool their factories, invigorate domestic supply chains for raw materials and parts, and "support American workers to make batteries and EVs," according to a White House fact sheet on the proposal distributed today. The infrastructure plan would also give rebates and tax incentives to US consumers that buy American-made EVs, and establish grant-and-incentive programs for local governments and the private sector to build a network of half-a-million EV chargers by 2030.
(Excerpt) Read more at markets.businessinsider.com ...
Its the California solar debacle all over again.
I guess the seven year old in the Congo need to up their Cobalt production
Just another welfare industry . Aren’t the batteries used in electric vehicles terrible for the environment?
The cargo ships we use to transport goods are worse than all the cars on the planet . Maybe a good way to help Mother Nature would be to put more factories in America ? At least we have some laws here and don’t just dump trash directly into the ocean like China does.
Just an idea
I wonder if I would put more confidence in a Chevy Vega than what Biden’s tax money is going to produce.
There is not enough electricity produce in the US to power all those electric cars if we stop using gas. We will need more power plants.
FOLLOW THE MONEY...
I am and you can make money on them too:
DRIV
LIT
BATT
ENR
ENPH
JCI
MP
All the above are good to add to your diverse portfolios.
Oh and Amazon, FedEx, UPS are all about to start moving forward with their EV delivery vehicles in the near future.
Someone’s portfolio just grew
Just another welfare industry . Aren’t the batteries used in electric vehicles terrible for the environment?
The cargo ships we use to transport goods are worse than all the cars on the planet . Maybe a good way to help Mother Nature would be to put more factories in America ? At least we have some laws here and don’t just dump trash directly into the ocean like China does.
Just an idea
,’,
,
,
try to tell that to the lawyers called politicians who run this country and line their pockets with bribe money from China, and India to export jobs in order to turn an astronomical profit while shipping junk back to US while just destroying the environment.
How did we let the fed gov get away with making investments in anything
or not
By and large Americans don’t like EVs.
And there’s no way a majority will ever purchase them voluntarily. Similarly, there no way there will ever be a political majority to outlaw conventional vehicles.
But none of that has anything to do with spending as much money as possible, as fast as possible.
Millions and millions of extension cords.
I suspect many things would run foul of WTO rules.
You can put a dress on a goat, but it’s still a goat.
That should drive down the price of silver again.
“Oh and Amazon, FedEx, UPS are all about to start moving forward with their EV delivery vehicles in the near future.”
That makes sense. Defined routes that won’t exhaust batteries, recharge overnight. We’ll see how it works out in terms of cost per mile.
Here’s something from the article that I didn’t know:
“China, which has a bigger market share of plug-in electric vehicle sales”
Not sure what to make of that.
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