The Biden administration plans to roll out $100 billion in new federal electric vehicle (EV) consumer rebates to consumers as part of a new over $2 trillion infrastructure plan.


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Tesla & General Motors: These two U.S. automakers were the only two companies that maxed their quota under the last EV tax plan. When the companies built 200,000 cars, the rebates would no longer be available to new buyers. This bill pledges to change the quota, but to what extent is uncertain. Regardless, $TSLA and $GM are already arguably the two most popular EV producers. They stand to benefit the most. Chargepoint: $CHPT is one of the oldest EV companies and has already jumped over 38% on the news around the infrastructure plan. The company boasts over 114,700 charging locations globally. Volkswagen: $VWAGY plans to begin mass-producing electric vehicles next year. Whilst they’re not as technically competitive as $TSLA, they are still the biggest automaker in the world. The company owns Audi, Bugatti, Bentley, and others. They’re also owned by Porsche, which trades at a slight discount as $POAHY. BMW: $BWMYY is another European automaker throwing their energy behind EVs. The company boasts an EV version of their MINI, a compact sedan called the BMW i3, and an electric SUV called the X3.


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