From Nasdaq: 2025-02-07 17:22:49

Federal government directive halts $5 billion initiative for EV charging infrastructure, impacting companies like EVgo. Shares dropped over 7%, outpacing S&P 500 decline. States ordered to stop participation in NEVI Program until new guidelines issued by Transportation Department. Uncertain future for EV charging companies and automakers like Tesla involved in charging networks. Some states continuing projects despite directive, potential for policy reversal if industry backlash. Limited investment potential in EV charging stocks even with program active.

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Read more at Nasdaq: Why EVgo Stock Got Zapped on Friday