Volta, FuelCell Energy and Blink Charging recover before government EV tax credit update

Stocks of electric batteries and select EV component suppliers edged higher Monday afternoon with the Treasury expected to issue guidance providing more details on vehicle tax credit eligibility. electricity. New guidelines are expected to define requirements around batteries and mineral content.

Advanced ones include Flashing Charger (NASDAQ:BLNK) +2.48%Tritium DCFC Limited (DCFC) +5.88%ChargePoint Corporation (CHPT) +2.30%Industrial Volta (VLTA) +5.88%Fuel cell energy (FCEL) +5.75%Ballard electrical system (BLDP) +2.75%Ouster (OUST) and Allego (ALLG) +1.31%.

Other EV-related stocks that edged higher include Proterra (PTRA) +3.25%Aurora Innovation (AUR) +3.65% and TuSimple (TSP) +6,90%. Those gains go against the selling pressure on electric-vehicle startups following Rivian’s decision to halt a joint venture with Mercedes-Benz Vans.


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