Electric vehicle (EV) charging stocks have seen some correction lately, potentially making them attractive investments in the stock market. EV king Tesla (NASDAQ: TSLA) proved that the EV business can be quite lucrative, as it shipped nearly 1 million vehicles leading to net income of $5.5 billion. With electric vehicles looking to go mainstream, charging infrastructure will have to keep up. This is so that we could charge these EVs at home, on road trips, and in any public charging areas.
What’s more, the Biden administration rolled out a plan that allocates $5 billion to build a network of EV chargers earlier this month. The plan will help states build a network of EV charging stations along designated alternative fuel corridors on the national highway system. Additionally, the administration has also pledged that half of the vehicles sold in the U.S. will be electric or plug-in hybrids by 2030.
Check Out These EV Charging Stocks In The Stock Market Today
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