Shares of electric-vehicle charging companies and others related to EVs soared Monday on the heels of the U.S. Representatives late Friday approving a $1 trillion infrastructure bill, a win for the Biden administration. The package has about $7.5 billion to fuel efforts to build a network of electric-vehicle charging stations and other EV charging-related initiatives. ChargePoint Holdings Inc. CHPT, +9.52% rallied more than 9%, on pace for its highest close in four months; EVgo Inc. EVGO, +14.43% jumped more than 14%, on track for its best close in nearly four months; and Volta Inc. VLTA, +10.93% rose nearly 9%, on its way to its highest close since in six weeks.
This article was originally published by Marketwatch.com. Read the original article here.
