BLDP - Electric vehicle stocks could benefit if NHTSA re-applies emission fines

The National Highway Traffic Safety Administration says it is considering mandating higher penalties for automakers failing to meet fuel efficiency requirements in recent years in a development that would reverse a decision made during the last days of the Trump Administration to delay the 2016 regulation. Some automakers have claimed that the penalties could cost the industry at least $1B annually, with Stellantis (NYSE:STLA) in particular standing in harm's way. The emissions focus would make ZEV credits offered by electric vehicle companies more valuable and could help startups compete on price. NHTSA is giving the public 30 days to comment on whether it should reinstate the 2016 rule on emissions before making a final determination. The biggest gainers in the EV sector on the day were HyreCar (NASDAQ:HYRE) +6.3%, Full Truck Alliance (NYSE:YMM) +4.5%, XPeng (NYSE:XPEV) +4.3% and Ballard Power Systems (NASDAQ:BLDP) +3.7%. Meanwhile, Tesla (NASDAQ:TSLA), Hyzon Motors (NASDAQ:HYZN)and Electric Last Mile (NASDAQ:ELMS) were

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Electric vehicle stocks could benefit if NHTSA re-applies emission fines