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Electric Vehicles

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.

GM Unveils New Electric Delivery Van & EV Business Unit

General Motors has revealed a new electric delivery vehicle that will feature an estimated 250 miles of range following the announcement of its BrightDrop business unit, which is designed to offer a new ecosystem of electric first-to-last-mile products, software, and services for delivery and logistics companies.