Biden Drives Juice into the EV Investing Theme (BYDDY, KULR, BLNK)
The Biden administration is off with a bang, signing executive orders and powering a clear inflection on a policy basis, especially with respect to environmental issues. The core of the shift thus far is Biden’s pledge to drive nearly a half-trillion into clean energy over his first term, which would double the funding – in today’s money – that the US federal government splashed into the space program in the 60’s and 70’s. In other words, it’s nothing to sneeze at. That formed the narrative foundation for Monday’s further announcement that the Biden administration plans to replace combustion vehicles in government fleets with electric vehicles. According to multiple sources, the president's order comes as automakers plan a massive shift to electric SUVs, trucks, and delivery vans. With that in mind, we take a look at some of the most interesting stocks focused on the EV Battery market, including: BYD Company ADR (OTCMKTS:BYDDY), KULR Technology Group Inc (OTCMKTS:KULR), and Blink Charging Co (NASDAQ:BLNK). BYD Company ADR (OTCMKTS:BYDDY) trumpets itself as a company established in February 1995 that specializes in IT, automobile, and new energy initiatives. Simply put, BYD claims to be the largest supplier of rechargeable batteries on the planet and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers, and keypads worldwide. Read the full article