Why EVgo, Blink Charging, and Volta Stocks Crashed Today
Electric vehicle (EV) stocks plunged on Thursday, with EV charging stocks in particular taking a big knock. Most EV charging stocks closed the market today down significantly, including:
Each of these stocks had shot through the roof last week after the passage of a $1.2 trillion infrastructure bill. But with the euphoria dying down and heavy selling pressure building up for shares of some of the leading electric car makers, these EV charging stocks also struggled to buck the trend.
November is turning out to be one of the most thrilling months for the EV industry, with stocks across the sector flying through the roof as excitement among investors hit a new high. From Tesla selling shares to Lucid Group's Air winning the 2022 MotorTrend Car of the Year award and Amazon-backed Rivian Automotive making a stellar debut on the stock market, EV enthusiasts had a lot to chew on.
Source Fool.com
