The Nasdaq Composite (NASDAQINDEX: ^IXIC) even managed to post a modest gain by the end of the trading session, and although the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) finished lower, they were well off their worst levels by the close. The electric vehicle industry has been a hotbed of activity, with investors remaining highly interested in the wrangling among many players. One potential positive for the EV industry has been the prospect for greater federal tax incentives for renewable energy under the Biden administration.
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