FSR - Investors strap in for electric vehicle sector disruption

The electric vehicle sector is likely to see more ups and down as President Biden's $2.3T infrastructure plan works its way through Congress. Wedbush Securities thinks there are two key components of the Biden plan for investors to focus on. First, analyst Dan Ives says to expect an expansion of the tax credits currently valued at $7.5K for EV vehicles to the $10K range or potentially higher in a tiered system. "Other point-of-sale rebates could also be put into this wide ranging infrastructure bill to catalyze consumers to head down the EV path," he notes. The Wedbush team also anticipates a lifting of the 200K-per manufacturer ceiling on the credits being phased out which will restore the EV tax credits for stalwarts like Tesla (TSLA) and General Motors (GM). "Another linchpin of these EV initiatives will be centered around massive expansion of charging stations around the US over the next

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Investors strap in for electric vehicle sector disruption