Shares of electric vehicle charging company EVgo Inc. jumped by the most in over three years after securing a major financing deal from the U.S. government. Meanwhile, Helene victims are suffering in the face of paltry FEMA aid.
Bloomberg reports that in a significant boost to its expansion plans, Los Angeles-based EVgo Inc. announced on Thursday that it has received a conditional loan guarantee of up to $1.05 billion from the US Department of Energy (DOE). The news sent the EV company’s stock soaring by 64 percent, marking its biggest single-day gain in more than three years.
As one of the leading providers of public fast charging services for EVs, EVgo operates over 850 fast charging locations in more than 60 metropolitan areas across 34 states. The company has established partnerships with automakers, fleet and rideshare operators, retail hosts, and public entities to further expand its network and promote EV adoption.
As the Biden-Harris regime continues to push EVs that Americans don’t want, Helene victims are suffering. Rep Tom Tiffany (R-WI) recently told Breitbart News that “In the Biden-Harris administration, illegal migrants come first, and Americans come last.” […]
— Read More: www.breitbart.com
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