Electric vehicle charging stations are a priority in the infrastructure plans.
That’s great news for companies like Blink Charging (BLNK), ChargePoint (CHPT), and related SPAC stocks like Tortoise Acquisition (SNPR). Helping even more, the plan calls for electric vehicle rebates, and funding for up to 500,000 EV charging stations.
“AlixPartners estimates $300 billion will be needed to build out a global charging network to accommodate the expected growth of EVs by 2030, including $50 billion in the U.S. alone,” reports CNBC.
Fueling even more upside is a potential infrastructure bill.
In fact, according to Investor’s Business Daily, “The legislation would provide $550 billion in new spending, including $15 billion to boost EV charging stations as well as electric buses and other transit.”
With EVs a big part of the future, we’ll need plenty of charging stations all over the world. Again, for that reason, keep an eye on Blink Charging (BLNK), ChargePoint (CHPT), and related SPAC stocks like Tortoise Acquisition (SNPR).