A $2T Infrastructure Rehaul Just Got Real
Among other things, Biden’s transportation policy includes a $2-trillion infrastructure plan that even Republicans will like.
It aims to reimagine the entire transportation sector based on new technology and new sources of energy. That is set to include expanded EV purchase incentives to get more people driving them, and a 500,000-strong EV charging network by 2030.
For Facedrive, this is a huge opportunity.
First, Facedrive’s acquisition of Steer in September 2020 couldn’t have come at a better time.
The acquisition was high-profile because Steer was owned by energy giant
Exelon (NASDAQ:EXC), and the deal included a $2-million strategic investment by energy giant Exelon’s wholly-owned subsidiary, Exelorate Enterprises, LLC.
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares in many clean energy stocks have been soaring recently, with particular interest in hydrogen fueling technologies. Some names in the sector are moving in different directions on Thursday.
As of 11:45 a.m. EST, shares of
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements, including statements regarding the research project with Scania, timing for and completion of the preliminary test results from such project and the benefits and potential of hydrogen as a transport fuel. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to COVID-19, it’s duration, effects and government responses thereto, the general economy, solvency, governmental policies and regulation, the demand for HPDI 2.0 injectors and there utility when used
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