As we know, U.S. President Joe Biden has made addressing climate change a cornerstone of his administration’s agenda and believes in the pivotal role of green vehicles in combating the climate crisis. In line with his commitment to bring environmentally friendly vehicles into the mainstream, Biden unveiled a significant financial commitment of $15.5 billion last Thursday.
This incentive — aimed at retooling existing factories for electric vehicles (EVs) and battery production — is not just a nod to environmental concerns but also a strategic play to boost domestic manufacturing and job creation. In the wake of this funding announcement, you can power up your portfolio with these stocks.
This post originally appeared at 24/7 Wall St.