Shares of electric-vehicle charging companies and others related to EVs soared Monday on the heels of the U.S. Representatives late Friday approving a $1 trillion infrastructure bill, a win for the Biden administration. The package has about $7.5 billion to fuel efforts to build a network of electric-vehicle charging stations and other EV charging-related initiatives. ChargePoint Holdings Inc. /zigman2/quotes/214140886/composite CHPT -0.86% rallied more than 9%, on pace for its highest close in four months; EVgo Inc. /zigman2/quotes/221573245/composite EVGO -4.73% jumped more than 14%, on track for its best close in nearly four months; and Volta Inc. /zigman2/quotes/222218899/composite VLTA +0.41% rose nearly 9%, on its way to its highest close since in six weeks.
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