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-0.00142653352353777 0.00360912981455059 -0.00142653352353777 0.00378031383737511 0.00570613409415122 0.00427960057061344 0.00670470756062763 0.00427960057061344
Stock impact report

ChargePoint CEO: We expect a 'pullback' this quarter after EV tax credit expiry [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
The landscape evolved after Sept. 30, when the federal EV tax credit expired. EV sales surged before the deadline, but not surprisingly, Q4 sales are expected to plunge 46% quarter over quarter, per Cox Automotive. ChargePoint ( CHPT ), the largest US charging network with 70,000 ports nationwide (compared to Tesla's 35,000 ports), also saw a bump in installations before the expiration of the tax credit. The big question is what happens next. “We expect to see a bit of a pullback this quarter since so much inventory was moved before it expired,” ChargePoint CEO Rick Wilmer said in an interview with Yahoo Finance. However, he doesn't think the lull in EV sales and charger installations will last long. “I think people that drive EVs are never going back to gas vehicles. We see all kinds of data where they want to stick with electric vehicles once they've made the switch,” he said, noting more EV sales will boost charger demand. Wilmer, a 30-year vet of the Silicon Valley tech Show less Read more
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