5 Best EV SPACs to Buy Now

3. Churchill Capital Corp IV (NYSE: CCIV)    

Churchill Capital Corp IV (NYSE: CCIV) is a special purpose acquisition company that is based in New York. It is placed third on our list of 10 best EV SPACs to buy now. The firm went public in July 2020, raising close to $2 billion from the initial offering. It now has a market capitalization of over $6 billion. It targets mergers with firms working in the automotive sector. The CEO of the company is Michael Klein. 

Churchill has signed a definitive agreement for a merger with Lucid Motors, a company that makes and sells electric vehicles from California. The EV startup is valued at over $11 billion and one of the most lucrative firms in the EV space. Citigroup is the left lead on the special purpose company.