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This story originally appeared on StockMarket
Investors Are Watching These 2 Electric Vehicle Stocks Right Now
Electric vehicle stocks are some of the most popular investments in the stock market right now. And, there are a few good reasons for this. For some, top EV stocks provide investors with some of the most exciting opportunities. But more importantly, what is really driving the top electric vehicle stocks higher this week is President Joe Biden’s statement on Tuesday. From the virtual tour of Proterra’s electric bus plant, he mentioned that the U.S. should be the single most significant supplier of electric buses and vehicles in the world. As a result, ArcLight Clean Transition Corp (NASDAQ: ACTC), the special purpose acquisition company (SPAC) which will be merging with Proterra, rose over 15% on Wednesday.
Considering this, it’s important to note how much of a catalyst the