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BMWYY), are moving to catch up.
Given the EU’s rapid transition toward EVs, EVBox’s big presence there is certainly positive for TPG stock.
A Closer Look at TPGY Stock
Despite the EU government’s Herculean efforts to push automakers to sell more EVs, it appears that the bloc is not installing enough EV chargers to meet its carbon reduction goals.
Specifically, EU auditors found that the bloc, which had 250,000 charging stations last September, was far from meeting its goal of having 1 million chargers by 2025. As the bloc scrambles to meet the target, it’s likely to step up its subsidies to EVBox and its peers, giving their finances a big boost.