At the beginning of March, the CEO of ChargePoint rang the opening bell at the New York Stock Exchange as it became the first publicly traded global electric vehicle charging network. CEO Pasquale Romano told Forbes that he expected big things from the Biden Administration for the electric car business. He wasn’t alone. Investors had been pouring money into the green energy business ever since Biden was expected to take over running the United States. Investors were waiting for the Biden Administration to go ahead with its push for 500,000 EV charging stations, and they were not disappointed. Biden’s so-called ‘American Jobs Plan’, despite its name, a series of hyperspending giveaways to China and special interests, called for those 500,000 charging stations, and ChargePoint’s stock, as expected, shot up on the news. ChargePoint already controls as much as 70% of the EV charging market and is the likeliest beneficiary from Biden’s push to have taxpayers, many of them working-class and...
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