News
![3 Stocks Insiders Are Buying That Analysts Love: https://www.marketbeat.com/logos/articles/med_20240326080637_chart-3262024ver001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMWhoYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--4c80ad633e6544d02f222aec80f5aec1ff8d0426/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240326080637_chart-3262024ver001.png?locale=us)
3 Stocks Insiders Are Buying That Analysts Love
It’s one thing for insiders to buy a stock, but it is something else if the market is also on board with the investment. Insiders alone may try to prop up a failing market, which is a fool's
![McCormick & Company Stock Isn’t Cheap, But It Is Undervalued: https://www.marketbeat.com/logos/articles/med_20240326091628_chart-mkc-3262024ver001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeVpoYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--a1a1839c84a1bc88ba16fa051549559acda0e962/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240326091628_chart-mkc-3262024ver001.png?locale=us)
McCormick & Company Stock Isn’t Cheap, But It Is Undervalued
McCormick & Company (NYSE: MKC) stock may not be cheap, trading at 22X this year’s and 20X next year’s earnings, but it is undervalued. The company is among the highest-quality consumer staples on
![3 Cheap Stocks That Shouldn’t Be Cheap for Long: https://www.marketbeat.com/logos/articles/med_20240326084148_3-cheap-stocks-that-shouldnt-be-cheap-for-long.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBLzVnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--b45243c98a85c6d18fc8e2984efad52e86d9cf0c/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240326084148_3-cheap-stocks-that-shouldnt-be-cheap-for-long.jpg?locale=us)
3 Cheap Stocks That Shouldn’t Be Cheap for Long
Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week
![Arm Holdings Stock Elevating on AI, Cloud, Automotive Tailwinds: https://www.marketbeat.com/logos/articles/med_20240324115657_charts-arm.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBd0JoYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--de7e5551fc9bde99fb0d1bcf86db339b84e46358/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240324115657_charts-arm.jpg?locale=us)
Arm Holdings Stock Elevating on AI, Cloud, Automotive Tailwinds
Arm Holdings plc (NASDAQ: ARM) is a British semiconductor company with a virtual lock on most mobile computer chips produced worldwide. Estimates indicate that Arm has a 90% market share in mobile
![GSP Resource Samples 11% Copper and 0.65 g/t Gold from Surface and Completes Ground Geophysical Surveys at Alwin Mine Copper-Silver-Gold Project: https://www.irw-press.at/prcom/images/messages/2024/74051/GSP_KB_EN_PRcom.002.jpeg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBOXhnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--1561e71c7b57652aa4ad20c724c693750d688dbe/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/GSP_KB_EN_PRcom.002.jpeg?locale=us)
GSP Resource Samples 11% Copper and 0.65 g/t Gold from Surface and Completes Ground Geophysical Surveys at Alwin Mine Copper-Silver-Gold Project
Vancouver, British Columbia - March 26, 2024: GSP Resource Corp. (TSX-V: GSPR) (the “Company” or “GSP”) reports the assay results of surface rock grab sampling and the results of ground
![UiPath Cuts Q1 and Raises Full Year Guidance: https://www.marketbeat.com/logos/articles/med_20240324114405_chartsz-path.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNnBnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--aa58ea7645d38869a6ae3a95808871d710aa93a9/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240324114405_chartsz-path.jpg?locale=us)
UiPath Cuts Q1 and Raises Full Year Guidance
UiPath Inc (NYSE: PATH) is a leader in robotic process automation (RPA) and business process automation (BPA) solutions. Their platform enables companies to use artificial intelligence (AI)
![Micron Technology Results Proves AI is Driving Storage Demand: https://www.marketbeat.com/logos/articles/med_20240324113758_charts-mu.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNnRnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--bb5581f513bea3400100a7a79d0c30ab1815ad72/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240324113758_charts-mu.jpg?locale=us)
Micron Technology Results Proves AI is Driving Storage Demand
Micron Technology Inc. (NASDAQ: MU) is synonymous with memory chips, just as Nvidia Co. (NASDAQ: NVDA) is synonymous with artificial intelligence (AI). They are the leading manufacturer of dynamic
![Bluebird First-pass Metallurgical Test-work Delivers 23% Copper and 1.5 g/t Gold in Concentrate: https://www.irw-press.at/prcom/images/messages/2024/74052/20240325MSBluebird_en_Prcom.003.jpeg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNmhnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--51179107367192c3853f33eb82fb68e6495f2dc9/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/20240325MSBluebird_en_Prcom.003.jpeg?locale=us)
Bluebird First-pass Metallurgical Test-work Delivers 23% Copper and 1.5 g/t Gold in Concentrate
- Initial results of early test-work show that up to 97% of the copper in a drill-core composite from the Bluebird project can be extracted via conventional
![Tesla Is the Analyst's Most Downgraded Stock: How Low Can It Go?: https://www.marketbeat.com/logos/articles/med_20240325121156_chart-tsla-3252024ver001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNmxnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--70166c6e2351293587e05542d393793afd3efa9f/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240325121156_chart-tsla-3252024ver001.png?locale=us)
Tesla Is the Analyst's Most Downgraded Stock: How Low Can It Go?
Tesla (NASDAQ: TSLA) shares are down more than 40% from their highs and may go lower. Mounting headwinds in the EV market related to demand and costs have curtailed the once-robust growth outlook
![All In: Is MicroStrategy Overleveraging Its Future on Bitcoin?: https://www.marketbeat.com/logos/articles/med_20240325172239_all-in-is-microstrategy-overleveraging-its-future.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNFZnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--387b03ec3b9625a50e289d059085b63efabed72d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240325172239_all-in-is-microstrategy-overleveraging-its-future.jpg?locale=us)
All In: Is MicroStrategy Overleveraging Its Future on Bitcoin?
MicroStrategy Inc. (NASDAQ: MSTR) stock has been synonymous with, and correlated to, spot bitcoin prices. MSTR stock has garnered the spotlight, making headlines not for its core business in the
![Tencent Is Looking to Fill Nvidia’s Gap in China’s Chip Market: https://www.marketbeat.com/logos/articles/med_20240326081839_tencent-is-looking-to-fill-nvidias-gap-in-chinas-c.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBLzlnYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--2dd42cdb60e6cf619040b29053931b9b0ea72bee/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240326081839_tencent-is-looking-to-fill-nvidias-gap-in-chinas-c.jpg?locale=us)
Tencent Is Looking to Fill Nvidia’s Gap in China’s Chip Market
The United States and China have been in an ongoing conflict over technology. Every week seems to bring a new ban on what China can and cannot use in terms of chip and semiconductor technology. In
![Legible and Remo Camerota Join Forces to Publish AI-enhanced Frankenstein Classic: https://www.irw-press.at/prcom/images/messages/2024/74040/READ_032524_ENPRcom.001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBK0pmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--c5df8a60ef0915a87698b63df245d1fb1f9837ab/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/READ_032524_ENPRcom.001.png?locale=us)
Legible and Remo Camerota Join Forces to Publish AI-enhanced Frankenstein Classic
March 25, 2024 - Vancouver, British Columbia – Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” / “Company”), a global online eBook and audiobook platform pioneering
![5 Top-Rated Dividend Stocks With Double-Digit Upside: https://www.marketbeat.com/logos/articles/med_20240325103139_chart-kmpr-3252024ver001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBK05mYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--934e05be278ad390e6b467e8dea669d41b3de63f/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240325103139_chart-kmpr-3252024ver001.png?locale=us)
5 Top-Rated Dividend Stocks With Double-Digit Upside
Dividend stocks are a dime a dozen, so it is important to weed the good from the bad. Among the many ways to filter dividend stocks is following the money, which means the analysts. This is a look
![Should You Buy Boeing Stock After CEO Resignation Announcement?: https://www.marketbeat.com/logos/articles/med_20240325101149_should-you-buy-boeing-stock-after-ceo-resignation.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBOVpmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--19727d2e579aec07848a12951aae0d9f45c4ac2a/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240325101149_should-you-buy-boeing-stock-after-ceo-resignation.jpg?locale=us)
Should You Buy Boeing Stock After CEO Resignation Announcement?
The Boeing Company (NYSE: BA) stock is up just over 1% in early trading on March 25. Investors appear to support the company's pre-market announcement that chief executive officer (CEO) Dave
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Key milestones validate Provaris’ leading position in the scaling of the hydrogen for Europe
Highlights:
- Prototype Fabrication Initiated: The commencement of fabrication for the H2Neo prototype tank signifies a major step forward in our innovative hydrogen storage
![These Are The Most Upgraded Stocks From Q1: https://www.marketbeat.com/logos/articles/med_20240325085256_chart-mu-3252024ver001.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBOGhmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--881da6a6c3586942705117241e1243eb6d3ce0b7/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240325085256_chart-mu-3252024ver001.png?locale=us)
These Are The Most Upgraded Stocks From Q1
It is important to note where the big money flows, with Q1 rapidly drawing to a close. The big money, which, in this case, is represented by analysts and their following, continues to flow into
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Apple Faces DOJ Scrutiny, but Not These 3 Under the Radar Names
The Department of Justice (DOJ) revealed yet another antitrust lawsuit against consumer and technology giant Apple Inc. (NASDAQ: AAPL). This time, the accusation centers on the belief that Apple
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4 Overbought Household Names, Time for a Pullback?
Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and Nvidia Corp. (NASDAQ: NVDA), which is steering the S&P 500 to new heights, several overbought
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Top 3 Stocks Bought By Members of Congress In the First Quarter
The first quarter of 2024 will soon end, making now an excellent time to recap where big money and insider knowledge are investing. Today, we’re looking at the top three stocks bought by US
![Sheep Creek Carbonatites Assay Up To 20.1% TREE and 363ppm Gallium: https://www.irw-press.at/prcom/images/messages/2024/74031/25032024_EN_USCM.002.jpeg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNE5mYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--9efb32cf213172d9f0655e97ba108157f323d70c/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/25032024_EN_USCM.002.jpeg?locale=us)
Sheep Creek Carbonatites Assay Up To 20.1% TREE and 363ppm Gallium
Vancouver, British Colombia and Salt Lake City, Utah / March 25, 2024 – US Critical Metals Corp. (“USCM”) (CSE: USCM, OTCQB: USCMF; FSE: 0IU0) and US Critical Materials Corp. ("Materials
![MCF Energy Sets Production Casing at Austria’s Welchau-1 Discovery; Preparing for Imminent Drilling at Germany’s Lech: https://www.irw-press.at/prcom/images/messages/2024/74037/MCF_250324_ENPRcom.006.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMVpmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--518c55f12ae0135d4f21e58a9b6e796c8c839233/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/MCF_250324_ENPRcom.006.png?locale=us)
MCF Energy Sets Production Casing at Austria’s Welchau-1 Discovery; Preparing for Imminent Drilling at Germany’s Lech
- Production casing to be installed at Austria's Welchau-1 discovery of extensive condensate and oil-rich gas shows; full testing set for October 2024
- Advances at
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Shifting Momentum in Utilities, Time to Buy?
In the exchange-traded funds (ETFs) world, the Utilities Select Sector SPDR Fund (NYSE: XLU) remains a significant player, although it has seen a modest performance this year, with gains of nearly
![Short Interest Could Send These 2 Stocks Flying: https://www.marketbeat.com/logos/articles/med_20240324124551_short-interest-could-send-these-2-stocks-flying.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMXBmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--f26ad58c8bbb2c12a7dc3aeee20fee40ef4c1f9e/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240324124551_short-interest-could-send-these-2-stocks-flying.jpg?locale=us)
Short Interest Could Send These 2 Stocks Flying
Bears may have gotten way too aggressive in their trading lately. This is especially true with stocks like SoFi Technologies Inc. (NASDAQ: SOFI) and Whirlpool Co. (NYSE: WHR). Investors may soon
![Oracle Stock is Ready to Stage its Next Leg Higher: https://www.marketbeat.com/logos/articles/med_20240324115225_charts-orcl.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMWRmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--de876868105267b8b2791679fc1856822a3e28ac/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240324115225_charts-orcl.jpg?locale=us)
Oracle Stock is Ready to Stage its Next Leg Higher
Oracle Co. (NYSE: ORCL) is a giant in the computer and technology sector that originally got its start as the leader in relational databases in the 1980s. The company has evolved into an
![Ford Stock Now in Buy Zone After Clearing Short Consolidation: https://www.marketbeat.com/logos/articles/med_20240322113647_ford-stock-now-in-buy-zone-after-clearing-short-co.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMXRmYkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--1f52ed90a18a271cdc6e8162ad528a513dfa54be/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/med_20240322113647_ford-stock-now-in-buy-zone-after-clearing-short-co.jpg?locale=us)
Ford Stock Now in Buy Zone After Clearing Short Consolidation
Ford Motor Co. (NYSE: F) stock was up nearly 7% for the week as of mid-session on March 22.
The move followed news that the federal government acknowledged reality regarding electric vehicle