Lightning eMotors Inc (ZEVY)

[WeTheMarket]

Electric vehicle stocks rip gains as oil battle rages on
Mar. 08, 2022
https://seekingalpha.com/news/3810683-electric-vehicle-stocks-rip-gains-as-oil-battle-rages-on

News that the Biden Administration plans to ban Russian oil has sent a large part of the electric vehicle sector into a higher gear on Tuesday.

That follows news that Russian Deputy Prime Minister Alexander Novak threatened to cut off gas supply to Europe if governments sanction energy imports. Novak claimed oil prices could surge past $300 a barrel if those scenarios play out for an extended period.
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The share price gain on Tuesday came even with rising concerns in the sector over the impact of higher prices and supply constraints for key metals needed for electric batteries.