Green & More Green ⚡

Green & More Green

With the Biden Administration about a week into their operations some big changes have already come. One of the largest places President Biden has vowed to make changes is with the climate. In fact, recently Biden revealed that he is planning to place $2 trillion into renewable energy infrastructure and electric vehicles, two of the biggest areas of technology aiming to create a greener future.

So, what does this mean for stocks? Well, the pricing for this news has largely already occurred, with big EV companies like . NIO rising about 6 percent in one day and claiming the 5th spot in the world for most valuable car maker, with a market value of approximately $100 billion. The gains have also reached smaller companies in the area with Greenpower Motor Company, Kandi Technologies, ElectraMeccanica Vehicles, and Arcimoto holding a combined market cap of $2.6 billion. With gains reaching companies of every size in the EV market many investors are sticking around for the long term.

President Biden’s moves include a new “Buying American” executive order that includes a plan to replace the government’s fleet of current vehicles with  U.S assembled electric vehicles. With this plan, Biden did not mention a specific time frame for switching the government’s cars, likely in part because EVs cost substantially more than traditional vehicles. If this plan does go into place however,  Biden claims it will play a role in the administration’s plan to create 1 million new jobs in the U.S. auto industry.

Are you bullish for EV’s and green energy? And do you think the public sectors support will push the EV market to new heights?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

ESG and Ukraine’s War ⚔

1 June, 2023

The Russian invasion has raised questions about the balance between ethical investments and geopolitical realities.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.