$ZEV omg, nearly $12 billion going to GSA for the procurement of electric vehicles. Lightning may be the only one listed on GSA right now for over a dozen vehicle types. People screwing around swinging or shorting this stock are going to get royally fucked. Through “procurement,” the government buys products, such as vehicles and highways. If those purchases are large enough relative to the size of the market, the purchase decisions can help reduce prices through economies of scale and change the product mix. In the case of the “green” procurement incentivized by the Build Back Better Act, advantages include falling prices for EVs and the materials embodied in them, along with changes in the mix of materials embodied in highway construction that result in a shift toward greener cement, concrete, and steel. With respect to EVs, a further benefit is a big increase in demand and the associated construction of charging stations.
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