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SPAC Boom Ahead As EV Transition Could Cost $2.5T

2020 was a banner year for electric vehicle SPACs with Nikola, Fisker, Lordstown Motors, Canoo, and XL Fleet Corp among companies going public via a reverse merger with a special-purpose acquisition company.

Hybrid Resale Values Decline More than 25%

LOS ANGELES – Overall hybrid sales have dropped significantly as a result of the nationwide decline in gasoline prices, with used-hybrid values falling over 25 percent since last summer.

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