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points form the article:

- Why Are So Many SPAC Targets EV Companies?

- Electric-truck maker Nikola Motor Co. went public through a SPAC merger in summer 2020, and was one of a few high-profile SPAC transactions that helped make blank-check company mergers en vogue (DraftKings and Virgin Galactic were the other two).

- Revenue projections vs. actual revenue

- The way that they’re able to go public through a SPAC is the SPAC process allows them to use revenue projections out into the future to entice investor demand. Whereas, if you do it through the IPO process, the SEC doesn’t allow you to do that.”

- Electric air taxi startup Lilium Air Mobility (not exactly a vehicle, but also in the electric transit space) also announced plans to go public through a SPAC this week, and rival Joby Aviation said in February that it would go public through a blank-check merger as well. Neither has a product on the market.

- Electric vehicle companies are also in a capital-intensive business, so they need money to grow.

- The companies likely wouldn’t have to give up as much equity or dilute existing shareholders as much as they would if they got a cash infusion from a VC firm.

- Tesla’s stock performance over the past year indicates we might be at the point where electrification can be mainstream

- EV brings together two huge markets that have been historically separate —transportation fuel and electricity — to create a giant market.

- Even if an EV company isn’t considering a SPAC, it’s hard to not consider one when its competitors are bolstering their balance sheets via such deals.

- A series of public policy moves have made it so that EV is the future.

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