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0 0.00328299409061068 0.00459619172685491 0.00131319763624423 0.00164149704530534 0.00328299409061068 0.00787918581746559 0.0111621799080762
Stock impact report

EV Industry Developments Have Us Charged Up About This Position [TheStreet.com]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: TheStreet.com
All states now have access to all FY22 and FY23 National Electric Vehicle Infrastructure (NEVI) Formula Program funding that totals more than $1.5 billion. As a reminder, that program will help build EV chargers covering approximately 75,000 miles of highway across the country and has earmarked $5 billion to spend over the coming five years as part of the Biden Infrastructure Law. There is also the $2.5 billion Discretionary Grant Program for Charging and Fueling Infrastructure, which aims to ensure charger deployment meets the Biden administration's priorities, including equity commitments to increase EV charging access in rural, underserved, and overburdened communities. While today's development is no doubt a positive for our thesis behind CHPT shares, the next hurdle is the approval of plans to tap these funds -- although what we see points to favorable 2023 comparisons for ChargePoint's business. The Federal Highway Administration has a website that will list approved plans for Show less Read more
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