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Dear Fellow Investor,
If the U.S. is serious about electrifying millions of cars, we need more charging stations.
Unfortunately, as it stands now, 46% of EV owners said they're likely to switch back to gas-powered vehicles because of the lack of charging infrastructure, says a McKinsey report.
"Range anxiety and access to charging infrastructure have long been considered big barriers to electric-vehicle adoption, but the revelation that these same issues may drive current battery-powered car owners back into gas-powered cars is a new blow for the already rocky EV transition," added Business Insider.
And while the Biden Administration set aside $7.5 billion for charging infrastructure to build out about 500,000 EV charging stations by 2030, only seven are up and running.
Manward Press
4,735% Revenue Surge: The Linchpin of Nvidia's AI Dominance?
As Nvidia's new Blackwell chip sparks an AI revolution, one company is poised to skyrocket. This unsung hero's revenue could soar up to 4,735% in the next 12 months as tech titans line up to secure their groundbreaking technology. Early investors could see life-changing gains as this story unfolds.
Don't miss your chance to ride the AI mega-trend.
Again, if the U.S. is serious about EV adoption, it'll get even more aggressive with charging stations. All of which could positively impact charging stocks, such as:
Company: EVgo (SYM: EVGO)
Company CEO Badar Khan recently bought 125,000 shares at an average price of $2.05 for about $251,250. Plus, analysts at Benchmark have a buy rating with a $3 price target.
EVGO has also been moving on news it's opening a new fast charging station in North Carolina with Regency Centers Corporation.
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Hospital-acquired infections claim thousands of lives and cost billions annually. One micro-cap company's innovative nanotechnology could put an end to this devastating problem, saving lives and reducing healthcare costs.
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Company: Blink Charging (SYM: BLNK)
At the moment, Blink holds "in process" designation from the Federal Risk and Authorization Management Program for EV charging solutions. If Blink can get full accreditation from the agency, other government agencies can contract Blink for EV charging.
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