{"id":292753,"date":"2023-12-27T17:03:04","date_gmt":"2023-12-27T16:03:04","guid":{"rendered":"https:\/\/climatescience.press\/?p=292753"},"modified":"2023-12-27T17:03:07","modified_gmt":"2023-12-27T16:03:07","slug":"investors-are-turning-on-a-key-pillar-of-bidens-climate-agenda","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=292753","title":{"rendered":"Investors Are Turning On A Key Pillar Of Biden\u2019s Climate Agenda"},"content":{"rendered":"\n
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From The DAILY CALLER<\/a><\/p>\n\n\n

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NICK POPE<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

Investors are backing off of electric vehicle (EV) charging companies, a key player in the Biden administration\u2019s wider climate agenda, The Wall Street Journal reported Tuesday.<\/p>\n\n\n\n

Major companies in the industry\u2014 including ChargePoint, EVgo and Blink Charging\u2014 have seen their stock prices tumble over the past year as investors worry about their profitability, a sign of potential trouble for an industry that the White House is counting on to reach its aggressive longer-term EV targets, according<\/a> to the WSJ. The administration has set aside billions of dollars to boost the industry, which it will need to thrive in order to develop a nationwide network of charging stations.<\/p>\n\n\n\n

ChargePoint\u2019s stock price is down 74% in 2023, while EVgo and Blink Charging have seen their shares lose 21% and 67% of their value, respectively, according to the WSJ.\u00a0(RELATED: EXCLUSIVE: Sen. Ernst Is Pulling The Plug On Biden\u2019s Electric Vehicle Charging Initiative)<\/a><\/strong><\/p>\n\n\n\n

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Buttigieg says you don\u2019t have to worry about gas prices if you buy an electric vehicle…someone should remind him how out of touch he sounds pic.twitter.com\/tiJVkl7wB3<\/a><\/p>— Daily Caller (@DailyCaller) March 7, 2022<\/a><\/blockquote>