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In line with President Biden’s executive order requiring 50% car sales in the U.S. 2030 be of electrified units, the bill includes a $2.50 billion grant provision for organizations or public entities building EV infrastructure over the next five years. Furthermore, the International Energy Agency (IEA) expects EVs to make up 60% of new car sales by 2030.
Given the industry’s stellar growth prospects, we think it could be wise to watch EV stocks Blink Charging Co. (NASDAQ:BLNK) and Lordstown Motors Corp. (RIDE), which Wall Street analysts have recently upgraded.
