EV ETFs Gear Up for New Flows From Infrastructure Spending Bill
- Congress allocates about $15 billion to bolster EV industry
- Electric Vehicle ETFs see double the flows in 2021 than 2020
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Exchange-traded funds focused on electric vehicles could catch some momentum from the massive infrastructure bill Congress passed on Friday, which contains billions in new spending for the industry.
The roughly $1 trillion package allocates $7.5 billion to build out a network of EV chargers and another $7.5 billion for low or zero-emission buses and ferries.