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The Biden administration aims to spend over $7.5 billion on building over 500,000 EV charging units in the U.S. by 2030. Consequently, these industry tailwinds imply immense growth opportunities for EV charging stocks.
Keeping that in mind, today I’ll analyze and compare two EV charging stocks: EVgo, Inc. (EVGO), Volta Inc. (VLTA), to see which one looks best. Founded in 2010, EVGO is a California-based EV charging company that has about 800 DC fast-charging station locations in the U.S. Year-to-Date (YTD), shares of EVGO have lost 0.79%.
