With millions of electric vehicles set to hit the roads, we’ll need plenty of charging stations.
To make that happen, President Biden set a goal of creating a network of 500,000 public charging stations, which should be in place by 2030.
As noted by The White House, “The Biden-Harris Administration is highlighting how President Biden’s leadership on electric vehicles is catalyzing more than $700 million in investments from the private sector that will increase our domestic capacity to manufacture more than 250,000 new electric vehicle (EV) chargers each year, add at least 2,000 good-paying jobs, and make EV charging more affordable, accessible, and equitable. The historic private investments will follow the $7.5 billion from President Biden’s Bipartisan Infrastructure Law to build a national network of EV chargers, enabling convenient and uniform charging at home, work, and across the country.”
That could be substantial news for companies, such as Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Blink Charging Co. (NASDAQ: BLNK), and ChargePoint Holdings Inc. (NASDAQ: CHPT).