$7.5 billion has been set aside for charging infrastructure [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here. Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- 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?](
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