U.S. General Services Administration Finalized Authorizations For First Two EV Supply Equipment Vendors, Chargie And ChargePoint To Operate Inside Government Systems
Portfolio Pulse from Benzinga Newsdesk
The U.S. General Services Administration (GSA) has finalized authorizations for Chargie and ChargePoint (CHPT) as the first two Electric Vehicle Supply Equipment (EVSE) vendors to operate within government systems. This move aligns with the Biden-Harris administration's goals for a clean transportation future.
January 19, 2024 | 3:46 pm
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ChargePoint (CHPT) has received authorization from the GSA to operate as an EVSE vendor within government systems, which may lead to increased business opportunities and revenue.
ChargePoint's authorization by the GSA to operate within government systems is a significant endorsement and could lead to increased sales and revenue as government agencies expand their EV infrastructure. This news is likely to be viewed positively by investors, potentially leading to a short-term uptick in CHPT's stock price.
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IMPORTANCE 80
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