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Benefits of the Infrastructure Bill

Written by Monica Savaglia
Posted November 9, 2021

The $1 trillion infrastructure package was passed by Congress late Friday evening. This is one of the largest federal investments in infrastructure in decades. This kind of infrastructure package has been long overdue.

President Biden is expected to sign it sometime this week after spending some time doing media coverage to make sure the public knows that he was able to work on passing this bill with bipartisanship.

His ratings have decreased quite a bit since taking office. However, I don’t pay too much attention to ratings as of right now, since he’s still early into his four-year term.

If Biden and his administration act fast to bring some of these things in the infrastructure bill to fruition in the next year or two, then Biden’s approval ratings most likely will get an uptick.

What Can We Expect From the Bill?

HR 3684, the Infrastructure Investment and Jobs Act, is a hefty one — consisting of about 1,039 pages. 

Since this is a brief article and I don’t think you want me to get into every section of the act, let me briefly break down some of the sections of interest of improvements that are included in this spending package:

  • How we commute in cities (metro, bike lanes, buses).
  • Access to the internet.
  • Travel and transportation (airports, Amtrak, roads, bridges).
  • How goods are transported.
  • Access to clean water.
  • Electric vehicle adoption and EV battery recycling.

As I mentioned earlier, this is a massive bill that involves in-depth detail on exactly how and where the funding will go, but there’s one thing that’s obvious: This bill should have a positive impact on the future of America and the American people. 

This could be a massive step forward into an optimistic future for the U.S. That's why the Biden administration and companies need to be ready to step up and get the ball rolling. 

Ramping up America's Electric Charging Infrastructure

One of the things that the Infrastructure Investment and Jobs Act is set on doing is building up a national network of electric vehicle charging stations. This also included funding to increase the nation’s electric grid through upgrading high-voltage transmission lines.

The package will direct $5 billion to expand electric vehicle highway charging so that EV drivers will be able to take those long road trips and not worry about their vehicle running out of charge. 

Then there's another $2.5 billion in federal grant funding toward electric vehicle charging or alternatives like hydrogen fueling infrastructure, with $2.5 billion set aside to electrify school buses as well — and that’s just the beginning.

The U.S. will need to start building the ecosystem for charging stations for electric vehicles soon and quickly.

And that might be more realistic than we think. There are already a few companies that are ready to take on the task — or at least, EV charging provider ChargePoint (NYSE: CHPT) is. 

ChargePoint is a market leader in this emerging sector and provides EV charging hardware, software, and other related management services and software. It has already created some of the largest charging networks in North America and Europe.

In an interview for The Wall Street Journal, Anne Smart, vice president of public policy at ChargePoint, said, "States are prepared. They’ve got experience."

Smart added that the charging industry has established a network of contractors and “people in all 50 states ready to install the stations and maintain the stations.” This is just the beginning, but it’s a start.

We know that the U.S. government is investing in and working toward initiatives to decarbonize the transportation industry with not just personal vehicles, but with passenger cars, trucks, and urban transportation systems. 

Embarking on Innovation

The immediate need to reduce emissions and take action against climate change has become obvious. While going electric could be the answer now, other clean energy options are coming to the surface and could even become better alternatives. 

One option that I’ve become particularly interested in is green ammonia. It has the ability to support global goals and targets for reducing CO2 emissions.

Not a lot of people know this, but ammonia can be used as a fossil fuel replacement in gasoline, diesel, and other fossil fuel-burning engines and turbines. 

And, using a simple conversion process, a Canadian company has discovered a method for creating carbon-free ammonia that could be suitable fuel for any vehicle on the road today — without the CO2 emissions.

Even better, gas stations could be retrofitted to provide green ammonia systems so that the process of refueling could be similar to you filling up your tank with gasoline, diesel, or propane.

Unfortunately, I don’t have the time to go into complete detail about this fuel, but I can give you exclusive access to a presentation that explains more about the technology and the company that holds the patent for this groundbreaking invention.

I know it’s easy to think that electrifying our transportation and grids will be the best alternative. However, I think as a nation and as a world leader, we need to be more open to new ideas and ready to embark on innovations, especially if the technology could be equally — if not more — beneficial to our future.

Embark on this groundbreaking invention with me. Check out this presentation today.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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