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<blockquote data-quote="Weather Man" data-source="post: 16611576" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3685194-bidens-infrastructure-plans-spikes-evs-interest-in-americans-carscom-survey" target="_blank">Biden's Infrastructure plans spikes EVs interest in Americans: Cars.com survey</a></p><ul> <li data-xf-list-type="ul">A research by Cars.com <a href="https://seekingalpha.com/pr/18282729-cars-com-reports-66-of-americans-renewed-interest-in-evs-following-president-bidens" target="_blank">indicates</a> that Americans' interest in electric vehicles is on the rise with 66% of the respondents in national survey stated an increased desire to buy an EV.</li> <li data-xf-list-type="ul">This is on the heels of President Biden's infrastructure plans to invest $174B in the EV market including a national network of 500K EV charging locations by 2030.</li> </ul><p></p><p>[ATTACH=full]1700330[/ATTACH]</p><p></p><ul> <li data-xf-list-type="ul">Biden's plan, which includes $100B for power infrastructure, provides a targeted investment tax credit for high-voltage transmission needed to move renewable energy from remote locations to population centers.</li> </ul><p>[ATTACH=full]1700331[/ATTACH]</p><p></p><ul> <li data-xf-list-type="ul">Contrary, 81% of the respondents believe that barriers still remain thereby obstructing the path to purchase EV.</li> <li data-xf-list-type="ul">Nearly 20% of Americans report the lack of SUVs in the current EV lineup as a critical factor in the desire to purchase a traditional gasoline vehicle.</li> <li data-xf-list-type="ul">However, the market awaits the highly anticipated release of SUVs such as 2021 Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) ID.4 and the Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) Model Y; that interest is further enhanced by the 2021 Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) Mustang Mach-E all-electric SUV.</li> <li data-xf-list-type="ul">Launched in December, the Mach-E accounts for 34% of total EV search share on Cars.com, the highest among any EV or hybrid vehicle on the site.</li> <li data-xf-list-type="ul">Among the obstacles preventing consumers from buying electric vehicles are cost, limited range and lack of charging stations.</li> <li data-xf-list-type="ul">However, if gas prices continue rising, 76% of car owners would assess switching to an EV; 35% of current EV owners cited gas savings as one of the factors that led to the purchase.</li> <li data-xf-list-type="ul">Supporting factors are the recent progress in Biden's administration: According to a statement, DOT announced guidance on how grants can be used to deploy charging infrastructure and newly designated alternative fuel corridors; DOE announced new funding and partnerships for charger-related research and development; and GSA announced progress on the goal to transition the federal fleet to zero-emission vehicles.</li> <li data-xf-list-type="ul">In March, U.S. crossed the milestone of 100K public chargers as recorded by DOE's Alternative Fuel Data Center.</li> <li data-xf-list-type="ul"><strong>EV Sector Watch:</strong> (NASDAQ:<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>), (NYSE:<a href="https://seekingalpha.com/symbol/XPEV" target="_blank">XPEV</a>), (NASDAQ:<a href="https://seekingalpha.com/symbol/LI" target="_blank">LI</a>), (NASDAQ:<a href="https://seekingalpha.com/symbol/WKHS" target="_blank">WKHS</a>), (NASDAQ:<a href="https://seekingalpha.com/symbol/RIDE" target="_blank">RIDE</a>), (NYSE:<a href="https://seekingalpha.com/symbol/FSR" target="_blank">FSR</a>), (NASDAQ:<a href="https://seekingalpha.com/symbol/BLNK" target="_blank">BLNK</a>), (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>), (NYSE:<a href="https://seekingalpha.com/symbol/CHPT" target="_blank">CHPT</a>)</li> <li data-xf-list-type="ul">Related reads: In-depth analysis of the infrastructure plan, <a href="https://seekingalpha.com/article/4417372-what-president-bidens-2t-jobs-plan-mean-for-us-infrastructure" target="_blank">What President Biden's $2T+ American Jobs Plan Could Mean For U.S. Infrastructure</a> by SA Contributor Global X ETFs</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16611576, member: 137766"] [URL='https://seekingalpha.com/news/3685194-bidens-infrastructure-plans-spikes-evs-interest-in-americans-carscom-survey']Biden's Infrastructure plans spikes EVs interest in Americans: Cars.com survey[/URL] [LIST] [*]A research by Cars.com [URL='https://seekingalpha.com/pr/18282729-cars-com-reports-66-of-americans-renewed-interest-in-evs-following-president-bidens']indicates[/URL] that Americans' interest in electric vehicles is on the rise with 66% of the respondents in national survey stated an increased desire to buy an EV. [*]This is on the heels of President Biden's infrastructure plans to invest $174B in the EV market including a national network of 500K EV charging locations by 2030. [/LIST] [ATTACH=full]1700330[/ATTACH] [LIST] [*]Biden's plan, which includes $100B for power infrastructure, provides a targeted investment tax credit for high-voltage transmission needed to move renewable energy from remote locations to population centers. [/LIST] [ATTACH=full]1700331[/ATTACH] [LIST] [*]Contrary, 81% of the respondents believe that barriers still remain thereby obstructing the path to purchase EV. [*]Nearly 20% of Americans report the lack of SUVs in the current EV lineup as a critical factor in the desire to purchase a traditional gasoline vehicle. [*]However, the market awaits the highly anticipated release of SUVs such as 2021 Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) ID.4 and the Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) Model Y; that interest is further enhanced by the 2021 Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) Mustang Mach-E all-electric SUV. [*]Launched in December, the Mach-E accounts for 34% of total EV search share on Cars.com, the highest among any EV or hybrid vehicle on the site. [*]Among the obstacles preventing consumers from buying electric vehicles are cost, limited range and lack of charging stations. [*]However, if gas prices continue rising, 76% of car owners would assess switching to an EV; 35% of current EV owners cited gas savings as one of the factors that led to the purchase. [*]Supporting factors are the recent progress in Biden's administration: According to a statement, DOT announced guidance on how grants can be used to deploy charging infrastructure and newly designated alternative fuel corridors; DOE announced new funding and partnerships for charger-related research and development; and GSA announced progress on the goal to transition the federal fleet to zero-emission vehicles. [*]In March, U.S. crossed the milestone of 100K public chargers as recorded by DOE's Alternative Fuel Data Center. [*][b]EV Sector Watch:[/b] (NASDAQ:[URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]), (NYSE:[URL='https://seekingalpha.com/symbol/XPEV']XPEV[/URL]), (NASDAQ:[URL='https://seekingalpha.com/symbol/LI']LI[/URL]), (NASDAQ:[URL='https://seekingalpha.com/symbol/WKHS']WKHS[/URL]), (NASDAQ:[URL='https://seekingalpha.com/symbol/RIDE']RIDE[/URL]), (NYSE:[URL='https://seekingalpha.com/symbol/FSR']FSR[/URL]), (NASDAQ:[URL='https://seekingalpha.com/symbol/BLNK']BLNK[/URL]), (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]), (NYSE:[URL='https://seekingalpha.com/symbol/CHPT']CHPT[/URL]) [*]Related reads: In-depth analysis of the infrastructure plan, [URL='https://seekingalpha.com/article/4417372-what-president-bidens-2t-jobs-plan-mean-for-us-infrastructure']What President Biden's $2T+ American Jobs Plan Could Mean For U.S. Infrastructure[/URL] by SA Contributor Global X ETFs [/LIST] [/QUOTE]
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