QuantumScape Stock (NYSE:QS)
EV Battery company QuantumScape’s stock price gained by 5% on Tuesday morning. QuantumScape stock had maintained a gain of 2.6%, in line with the performance of many other electric vehicles (E.V.) companies on a day when new developments were made about expanding charging infrastructure throughout the United States.
What’s the Reason?
As investors have shied away from higher-risk equities in 2022, QuantumScape stock has taken a beating. The battery manufacturer, QuantumScape (NYSE:QS), is trying to prove the viability of a solid-state battery that might replace lithium-ion batteries. QuantumScape’s (NYSE:QS) future success depends on the broad acceptance of electric vehicles, not only on the success of its own technology. U.S. DOT has just now reported significant advancements in this area.
What’s Next?
The DOT has announced its authorized E.V. infrastructure rollout plans for all 50 states, plus D.C. and Puerto Rico. These strategies are a component of implementing the Bipartisan Infrastructure Act, which was approved at the end of the previous year and allotted specific resources. The first round of proposals was granted two weeks ago. A total of $1.5 billion in financing has been authorized to strengthen E.V. charging infrastructure over 75,000 miles of route throughout the nation.
Conventional lithium-ion batteries typically employ graphite for the anode. Still, QuantumScape (NYSE:QS) is working to establish that lithium metal anodes may be just as effective. Increased energy density, quicker charging, and less fire danger is benefits of including a solid-state separator.
QuantumScape (NYSE:QS) has shown the technology’s viability in car batteries. Still, more testing and certification by automotive manufacturers are required before it can enter commercial production. This isn’t expected to happen until 2025. Still, investors are looking forward and driving the QuantumScape stock upward after it dropped earlier this year. Investors in QuantumScape stock rose today on the expectation that additional charging infrastructure would exist by the time the company is ready to go public.
Featured Image- Megapixl @ Rafaelhenriquepress
Author Shariq Khan 
