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Electrical infrastructure stocks: Downside risks if Trump repeals EV tax credit

President-elect Donald Trump repeals the $7,500 electric vehicle (EV) tax credit, a move that is reportedly being considered as part of broader tax reform. According to Bernstein, while the immediate market reaction caused low single-digit declines in stocks like Eaton (NYSE: ETN ), Hubbell (HUBB), and Quanta Services (NYSE: PWR ), the longer-term impact may already be largely priced in. …

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