EV play, $EVGO and $RIDE

The 1 trillion Infrastructure Bill and 3.5 trillion Budget Reconciliation is making its way through congress as we speak. Inside the Infrastructure Bill there's 7.5 billion in subsidies for EV charging stations. The 3.5 trillion Budget Reconciliation has subsidies for EV auto makers. The combined 3 $EVGO, $CHPT, and $BLNK have a combined market cap of about 12 billion. That means those 3 companies are about to get a capital injection of about 62% of the total market cap of the industry. I singled out EVGO because they have the largest fast charging network out of the 3 and Fast charging is most likely the future for charging your EV car. For the 3.5 budget reconciliation there will be EV subsidies, currently floating around is an increase in the current EV tax incentives up to a maximum of $12,500. The reason why I singled out RIDE is because it's gotten beaten down the most and next month they announced production on their endurance vehicle. disclaimer: I currently have positions in both EVGO and RIDE which I opened last week.

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No-Midnight-9559

Aug 23, 2021

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EV play, $EVGO and $RIDE

bullish

The 1 trillion Infrastructure Bill and 3.5 trillion Budget Reconciliation is making its way through congress as we speak. Inside the Infrastructure Bill there's 7.5 billion in subsidies for EV charging stations. The 3.5 trillion Budget Reconciliation has subsidies for EV auto makers.

The combined 3 $EVGO, $CHPT, and $BLNK have a combined market cap of about 12 billion. That means those 3 companies are about to get a capital injection of about 62% of the total market cap of the industry. I singled out EVGO because they have the largest fast charging network out of the 3 and Fast charging is most likely the future for charging your EV car.

For the 3.5 budget reconciliation there will be EV subsidies, currently floating around is an increase in the current EV tax incentives up to a maximum of $12,500. The reason why I singled out RIDE is because it's gotten beaten down the most and next month they announced production on their endurance vehicle.

disclaimer: I currently have positions in both EVGO and RIDE which I opened last week.

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read-time
1 min

12.00

Target Price

9/ 10

Confidence

1-2 Months

Timeframe
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Earnings Release
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News
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SEC Filing
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