Summary
- Biden administration announces $2.8B in new EV infrastructure grants
- Top EV charging stocks surge: CHPT (+8.3%), BLNK (+6.9%), WBX (+5.4%)
- Analysts see sector rotation into clean energy and infrastructure plays
- Tesla’s Supercharger network expands to non-Tesla EVs in 9 new states
- Long-term growth tailwinds return as policy and demand align
EV Charging Stocks Rally on Government Backing and Sector Momentum
The EV charging sector saw a broad rally on May 1, 2025, as the White House unveiled a $2.8 billion funding package aimed at accelerating electric vehicle infrastructure across underserved U.S. regions. The initiative, which includes support for both Level 2 and DC fast chargers, reignited interest in publicly traded charging companies, many of which had struggled with capital expenditure concerns and scaling issues over the past year.
Shares of major players surged:
- ChargePoint (CHPT): +8.3%
- Blink Charging (BLNK): +6.9%
- Wallbox (WBX): +5.4%
- EVgo (EVGO): +7.1%
These gains follow months of sideways trading and suggest a rotation back into clean tech stocks amid a broader rally in climate and infrastructure-linked equities.
Policy Tailwinds Strengthen Long-Term Investment Case
The Biden administration’s latest package brings total federal EV infrastructure commitments to over $11.4 billion since 2021. The new grants emphasize:
- Rural and low-income area buildouts
- Public-private partnerships with utilities
- Interoperability mandates across brands
- Incentives for AI-optimized charging station deployment
“We’re not just building chargers — we’re building the backbone of a clean transportation economy,” U.S. Transportation Secretary Pete Buttigieg said during Thursday’s press briefing.
The market responded swiftly, with both institutional and retail inflows targeting EV charging ETF funds and small-cap clean energy stocks.
Tesla’s Supercharger Ecosystem Expands Further
While not a direct recipient of federal grants, Tesla (TSLA) made headlines by announcing that its Supercharger network will now support non-Tesla EVs in nine additional U.S. states, thanks to new CCS-to-NACS adapter integrations.
This further entrenches Tesla’s position as the default fast-charging network and puts pressure on independents to upgrade their networks to remain competitive.
However, some analysts argue that open-access mandates will ultimately benefit third-party providers like ChargePoint and Blink, especially as automakers diversify charging partnerships beyond Tesla.
Analyst Sentiment Turns Bullish on Select Names
Wall Street analysts have turned increasingly constructive on EV charging firms with scalable, utility-grade infrastructure and profitable commercial partnerships:
- Baird upgraded CHPT to “Outperform”, citing improved cash flow visibility and municipal deals.
- Bank of America reiterated a “Buy” rating on BLNK, highlighting its AI-enhanced charger optimization rollout.
- Goldman Sachs issued a sector-wide note, suggesting the market is underestimating near-term profitability upside amid falling hardware costs.
EVGO was also praised for securing a 10-year contract with California’s High-Speed Rail Authority, further boosting long-term revenue projections.
Technical Outlook: Breakouts or Bull Traps?
After months of consolidation, EV charging stocks are starting to break above key moving averages, with volume confirming the move. CHPT crossed its 200-day SMA for the first time since early 2024. BLNK and WBX saw RSI rise above 63, signaling renewed momentum without overheating.
If volume holds, many traders see this move as the start of a longer revaluation cycle, especially as more states legislate zero-emission vehicle mandates and charging infrastructure becomes a core public service.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Since 2023, Yoshi Ae has combined storytelling and community insight as a PR writer, creating content that resonates across platforms like X and Discord. From press releases to narrative campaigns, Yoshi bridges brand messaging with real-time community engagement.
