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markets electric vehicles

Electric Vehicle Stocks Fall With Biden’s ‘Build Back Better’ Plan in Jeopardy

By
Aidan Ryan
· · Source: The Information

Shares of electric vehicle companies fell Monday after U.S. Sen. Joe Manchin announced his opposition to President Joe Biden’s “Build Back Better” plan, which provides tax credits for consumers who purchase electric vehicles. Manchin’s opposition almost certainly dooms the current version of the bill. Among the worst hit stocks Monday included electric vehicle makers Lordstown Motors, Rivian...

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