As Biden winds down his first term, he and his administration are introducing a slew of new electric vehicle (EV) policies to make the market more accessible and, possibly, reinvigorate slumping sales as car buyers increasingly cycle back toward conventional car offerings.
Biden’s new initiatives include pushing for hybrid options that combine plug-in charging with combustion engines, cost-cutting initiatives and increasingly tight restrictions on utility vehicle emissions. In some cases, we can expect Trump to roll back some (or all) of Biden’s regulations when or if he takes office—but, in the meantime, these stocks stand to gain from Biden’s last-ditch push toward EV adoption acceleration.
Better yet, each of these stocks stands on its own merit, so while they may see a short-term boost from Biden, they also have a place in a long-term, buy-and-hold portfolio.
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