U.S. Congresswoman Proposes Nationwide Charging Network, Drives Tesla Share Price Soars

Andy Levin, another Democrat, on Thursday joined forces with another Democrat to introduce a bill calling for a high-speed charging network for electric vehicles across the United States. The news helped Push Tesla’s shares rebound from the decline, jumping 8.3 per cent at one point, although the gain narrowed to nearly 2 per cent at the close.

U.S. Congresswoman Proposes Nationwide Charging Network, Drives Tesla Share Price Soars

Under the affordable vehicle freedom bill, a charging network would be built on public roads across the United States within five years.

The measure is unlikely to pass in an election year when Republicans control the Senate. At a news conference in Washington, Levin said the bill has no Republican supporters and the potential costs have not been calculated.

Cortez said the bill embodies the core principles of the “Green New Deal” she advocates, which “opens the door to electric cars, not just in the field of the rich, but for everyone to enter.” “We need this charging infrastructure, ” Mr Levine said. “