Car Charging Station Stocks – Thanks to more than $2.45 million in grants from Governor Kay Ivey, new electric vehicle charging stations could be coming to a community near you.
The 18 grants awarded by the governor will be used to build new charging stations along highways in various regions of the state.
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“As many of Alabama’s automakers shift production to electric vehicles, Alabama must be prepared to provide the necessary charging infrastructure for those who choose to drive these vehicles,” said Governor Ivey. “Important. Yes, Alabama has electric vehicle charging stations in many locations so we can serve the needs of Alabama motorists who choose to drive electric vehicles as well as out-of-state drivers visiting or passing through our state.”
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All but one project, funded by an appropriation from the Alabama Legislature, targets busy roads away from interstates, with the exception of Interstate 22 in northwest Alabama, which received a grant Funding will provide a six-slot charger at Guin as the first electric vehicle charging station. Interstate Highways in Alabama. Private companies, utilities and government entities are eligible to receive grants. Funding provided to the state through the National Electric Vehicle Infrastructure Program will be used in the future to further develop electric vehicle charging infrastructure along Alabama’s interstates.
“These grants are part of a plan to ensure electric vehicle charging stations are spread across the state, not only on interstates that will receive federal funding, but also on secondary or ‘very busy’ highways,” said ADECA Director Kenneth Boswell. area.” said “ADECA is pleased to be a part of this program with Governor Ivey and its many partners.”
The Scottsboro Power Authority received a $57,968 grant to build a two-tank charging station at its office at 404 E. Willow St.
The Guntersville Electric Board received $53,906 in funding to build a two-car charging station in the public parking lot at 440 Old Town St.
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The Decatur Municipal Utilities Commission was awarded a $53,800 grant to install a two-bay downtown station at 110 Moulton Street in Decatur.
FRANCIS ENERGY LIMITED. Received $407,999 to install a six-slot charging station at the Holiday Inn at 5750 Highway 44, Alabama.
The City of Helena was awarded a $33,740 grant to install a two-slot charging station at the Helena Sports Complex, 100 Sports Complex Drive.
Allen’s Oil Company of Sylacoga received $198,190 to install a two-tank charging station at Allen’s Food Mart, 42020 U.S. Highway 280.
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Allen Oil Company from Sylacauga received $200,008 to install a two-tank charging station at Allen’s Food Mart at 4880 U.S. Highway 280.
The City of Phoenix was awarded $15,448 to install a four-slot charging station at the City of Phoenix Parks and Recreation Department at 1501 S. Fifth Street.
The City of Phoenix was awarded $14,121 in funding to install a four-space charging station in the 14th Street parking lot at 310 E. 14th Street.
The Montgomery Airport Authority was awarded $250,000 to install a three-bay loading dock (for vehicles) at Montgomery Regional Airport at 4445 U.S. Route 80.
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The City of Lafayette received a $119,000 grant to install a two-slot charging station on U.S. Highway 431.
Junior Grocery Stores of West Florida Inc. received $216,335 to install a two-slot charging station at the Cumberland Farms convenience store at 23679 Canal Road. Source of funds: Volkswagen liquidation plan.
The City of Fairhope received a $148,626 grant to install a two-slot charging station at the Plantation Pointe Mall (84 Plantation Pointe).
Heer Properties was awarded $201,259 to install a two-bay charging station at Legacy Foodmart (6001 Boll Weevil Circle).
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Home Oil Company received $200,587 to install a two-tank charging station at 16566 Hobo Pantry, U.S. Highway 431.
The Baldwin County Economic Development Alliance was awarded $198,267 to install a two-bay loading dock at 22070 Alabama Highway 59, Baldwin County Commission Annex II.
The City of Geneva was awarded $33,840 to install a four-slot charging station on a parcel of land at 614 S. Commerce Street.
ADECA manages a broad range of programs that support law enforcement, victim programs, economic development, water management, energy conservation and recreation.
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The Alabama Politics Reporter is a daily political news website dedicated to Alabama politics. We provide accurate and reliable politics, elections and government coverage.
“This area is very important to our state, but it doesn’t have four-lane access to the interstate,” Ivey said. Eric Fry reveals how artificial intelligence-based secrets can make your investments more profitable Gain 11 times your wealth from the same stocks. Now… don’t use options, leverage, or anything risky.
This July, some of the hottest investment opportunities are electric vehicle charging stocks. Its earning potential is high, and it can be advantageous to learn about this area. AI technology has also identified certain EV charging stocks with growth potential.
To identify these EV charging behaviors, I asked Google’s AI chatbot Bud a simple question. What are the best electric vehicle charging stocks to buy in July? After receiving the query, the AI chatbot presented me with three potential options to check out.
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We’ll take a closer look at these options and analyze how they fit into your desire to build a portfolio of quality EV stocks.
Investing in the electric vehicle market is a roller coaster filled with exciting highs and unexpected lows. However, one name continues to deliver significant growth: Tesla (NASDAQ: TSLA ). As we enter the second half of July, it’s worth noting that Tesla has an extensive network of electric vehicle charging stations. These charging stations are strategically located around the world.
Tesla is the most promising candidate in the high-potential EV charging stock category. The combination of technology, market acumen and infrastructure skills makes Tesla a compelling topic.
But we don’t just rely on potential. Instead, let the hard data amplify the story. Tesla’s year-to-date returns are as high as 170% through 2023. Additionally, Tesla’s first-quarter 2023 earnings report was also positive, with revenue up 24%.
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ChargePoint Holdings (NYSE: CHPT ) is one of the high-potential EV charging stocks to watch. The company’s latest earnings report showed encouraging numbers, with revenue hitting $130 million, a massive 59% year-over-year increase.
In addition, ChargePoint recently announced the availability of Tesla charging standard-compliant connectors, further solidifying its market position. These developments are likely to contribute positively to the company’s revenue growth and enhance its overall value proposition.
As the EV industry booms, ChargePoint Holdings remains an AI-recommended EV charging stock. Investors should keep a close eye on potential long-term gains.
As engines rev up in July, savvy investors are carving out new territory in the high-potential electric vehicle charging market. One interesting contender is EVgo (NASDAQ: EVGO ), a pioneer in electric vehicle charging. Despite being down 41% year-to-date, there’s more to EVgo than meets the eye.
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The US-based giant demonstrated its financial strength with a stunning first-quarter earnings report. Revenue jumped a massive 229% year over year to $25.3 million. Despite the net profit loss, the report beat EPS estimates by 175%.
Meanwhile, EVgo has been expanding its presence with solid plans to ramp up NACS deployments, a smart strategic decision given the advancements in Tesla Superchargers. In June, EVgo announced it would incorporate standard U.S. charging connectors into its nationwide fast-charging network. This comes after several leading automakers announced they would begin using Tesla’s NACS standard.
This AI-recommended EV charger is definitely worth putting under your radar this July. Keep an eye on EVgo as it rides the electric vehicle wave into a promising future.
On the date of publication, Faizan Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to editorial guidelines.
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Faizan Farooque is a contributor to many other financial websites. Faizan has many years of experience in equity market analysis and was a data reporter for S&P Global Market Intelligence. He is passionate about helping everyday investors make more informed decisions about their investment portfolios. Last month, our MBA team did what most media outlets do at the end of the year: we drank some Gelato #33 to relax and reflect on where we’ve been and where we’re going. let’s go. This applies particularly to our disruptive technology portfolio and how it will evolve in 2022, as well as our risk-averse approach to technology investing. We wrote several articles in December about how we wanted to rebalance our portfolios, such as by focusing on market cap and other rules-based criteria, to remove as much subjectivity as possible from our investment strategies.
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