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Investors Are Watching These 2 Electric Vehicle Stocks Right Now
Electric vehicle stocks are some of the most popular investments in the stock market right now. And, there are a few good reasons for this. For some, top EV stocks provide investors with some of the most exciting opportunities. But more importantly, what is really driving the top electric vehicle stocks higher this week is President Joe Biden’s statement on Tuesday. From the virtual tour of Proterra’s
electric bus plant, he mentioned that the U.S. should be the single most significant supplier of electric buses and vehicles in the world. As a result, ArcLight Clean Transition Corp (NASDAQ: ACTC), the special purpose acquisition company (SPAC) which will be merging with Proterra, rose over 15% on Wednesday.
Biden: U.S. must boost EV production to surpass China
Reuters | Apr 21, 2021 12:40 AM EDT
U.S. President Joe Biden speaks as he meets with the leadership of the Congressional Hispanic Caucus in the Oval Office at the White House in Washington (Photo : REUTERS/Tom Brenner)
President Joe Biden said on Tuesday the United States must ramp up production of electric vehicles to catch up with and then surpass China after he virtually toured an electric bus and battery manufacturing plant on Tuesday. We have a lot of catching up to do but we re going to be in a position where we ought to own the future, Biden said during the tour. We ought to be the single most significant suppliers of electric buses and vehicles in the world before it s over. Right now, we re running way behind China.
Chamath Defends His SPAC Record Following CLOV Short Squeeze
SPACs were down on Monday in a quiet news day. With the CLOV short squeeze going, Chamath is back to promoting his SPACs and FinTwit is less than welcoming.
Author:
Apr 20, 2021
It was a quiet news day for SPACs on Monday with the CompoSecure / DBDR deal a disappointing +0.2% up on the announcement. The mania of Merger Mondays is gone and only good deals will get rewarded. Investors may not have liked CompoSecure s aggressive growth forecasts or they may be a little scared off from crypto with Bitcoin s (modest) crash back down to the mid $50k range. Regardless, they didn t bite.
By David Shepardson
WASHINGTON (Reuters) - President Joe Biden will virtually tour a South Carolina electric bus and battery manufacturing plant on Tuesday as the White House touts his proposal to boost the production of zero-emission buses and cars.
Biden will tour a U.S. electric bus manufacturer Proterra facility. He has proposed spending $20 billion to electrify at least 20% of school buses and $25 billion to electrify some transit vehicles as part of his $2.3 trillion infrastructure and jobs plan. In total, Biden has proposed $174 billion boost EVs, including $100 billion in consumer rebates.
The White House s push to electrify vehicles comes as China has dominated the world electric bus market. But Proterra estimates 50% of all new North American-built buses in 2025 will be electric.The U.S. has over 475,000 school buses and 65,000 transit buses and most run on diesel fuel, the White House said. Biden made a commitment that all American-made buses would be zer
By Syndicated Content
By David Shepardson
WASHINGTON (Reuters) - President Joe Biden will virtually tour a South Carolina electric bus and battery manufacturing plant on Tuesday as the White House touts his proposal to boost the production of zero-emission buses and cars.
Biden will tour a U.S. electric bus manufacturer Proterra facility. He has proposed spending $20 billion to electrify at least 20% of school buses and $25 billion to electrify some transit vehicles as part of his $2.3 trillion infrastructure and jobs plan. In total, Biden has proposed $174 billion boost EVs, including $100 billion in consumer rebates.
The White House s push to electrify vehicles comes as China has dominated the world electric bus market. But Proterra estimates 50% of all new North American-built buses in 2025 will be electric.The U.S. has over 475,000 school buses and 65,000 transit buses and most run on diesel fuel, the White House said. Biden made a commitment that all A