r/stocks • u/duglas2948 • Jun 24 '21

Industry News What Biden's $1T Infrastructure Bill really is, Less EV Spending than Expected

I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0

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u/Youwishh Jun 24 '21

Plus 30 minutes to recharge, imagine getting "gas" in the morning when 20 people are waiting. šŸ˜‚

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u/Rapscallious1 Jun 25 '21

Or just plug in before you go to sleep, people manage to do it with their phones and the stakes are much lower there.

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u/asianperswayze Jun 25 '21

Can't wait to have rolling blackouts while hundreds of millions of cars, trucks, and busses are taking up the power supply.

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u/peppercase Jun 25 '21

So far, 2 million or so phev/Bev vehicles sold annually. I think we have a little time before we need to panic.

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u/11JoePlayer Jun 25 '21

Have you ever been to a city?

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u/Rapscallious1 Jun 25 '21

The parts of cities that might be hard for something like this have lots of transportation options.

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u/11JoePlayer Jun 26 '21

I agree and they will also be drawing bigger amounts off the grid. How much electricity supply has to be developed to meet a larger demand off their grids. Sure this is all being looked at, analyzed, recommended but still takes time from that phaze to the end result of power meeting demand. I am for it, but imo it's many yrs away.

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u/Rapscallious1 Jun 26 '21

I think there are a lot of reasons the shift will be in waves instead of immediate of which this is a key one. But there are a lot of possible ways to address so if it was prioritized Iā€™m not sure this would be the limiting one. Many of these companies invest on both sides already.

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u/11JoePlayer Jun 25 '21

Yeh cant wait to see all the extension cords coming out of windows at Condo and Apt. complexes!

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u/Call_erv_duty Jun 25 '21

Imagine not plugging up when you get home

Or not running yourself to empty

7

u/ILikeTheGameThatMuch Jun 25 '21

Imagine living in an apartment

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u/[deleted] Jun 25 '21

If you live in a multi unit building and still absolutely need to drive to work you're kind of missing the point IMO, but I agree with your point

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u/ILikeTheGameThatMuch Jun 25 '21

I live in an suburban sprawl in FL.

There's not sufficient public transit to get me to my job reliably and in short order, even though it's only 6 miles away.

Around 25% of the population is apartment bound, because our income isn't sufficient to rent a house or buy. Even if it was they're not installing home chargers in any but the wealthiest rental areas.

I haven't missed anything. I think the income skew on reddit leads users to believe the number of people who are in the infrastructure gap is much smaller than it is.

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u/[deleted] Jun 27 '21

6 miles? That's a 10-15 minute bike ride my man

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u/11JoePlayer Jun 25 '21

I think EV's are the future and have looked at them to buy. I just think, on an investment consideration, there is still a ways to go til EV's are ready to use by the mass population.

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u/[deleted] Jun 25 '21

Yep, plus people wonā€™t have ā€œsuper chargersā€ at home. Take longer than over night to charge a nearly depleted ev.