CHPT - ChargePoint QuantumScape lead big gains in EV sector on Green Tidal Wave hopes

The electric vehicle sector is setting up for another strong day after President Biden unveiled the $2.3T infrastructure and stimulus plan that includes an investment of $174B in electric vehicles initiatives. "The climate change and job creation component of today's plan will be very focused on incentivizing consumers in the US to purchase electric vehicles as well as other foundational areas to catalyze investments in a clear energy economy (wind, solar, renewable energy projects) and low-emission technology," notes Wedbush Securities analyst Dan Ives. He thinks the game changers would be an expansion of the tiered tax credits to $10K per EV and a lifting of the 200K-per-manufacturer ceiling for the credits.Investors are strolling right back into some of the EV stocks that have been bid down over the last few months. Notable gainers in the EV sector include Electrameccanica Vehicles ([[SOLO]] +12.0%), Lordstown Motors ([[RIDE]] +6.0%), Canoo ([[GOEV]] +4.9%), Ayro

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ChargePoint, QuantumScape lead big gains in EV sector on Green Tidal Wave hopes