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President Biden’s infrastructure plan is set to be released on Wednesday afternoon and some analysts argue it will help revive the EV sector after its recent pullback.
Wedbush’s Dan Ives said in a note to clients on Wednesday morning that he expects a “green tidal wave” from the plan to boost EV stocks.
The analyst said around $200 billion or roughly 10% of President Biden’s plan could go towards electric vehicle initiatives “based on chatter out of the Beltway.”
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