ChargePoint (CHPT) Stock Is Trending Right Now, Hereâs What To Know Many electric vehicle (EV) manufacturers have gone public over the past year. It is also from the EV space where many special purpose acquisition companies (SPAC) saw the opportunity to capitalize on the red-hot industry. And that helped make SPACs a popular route to go public. If you want to invest in an emerging sector like EV, you may want to keep an eye on the level of risk that you are taking. One way to play the EV space is to invest in a pick-and-shovel company for EV growth. While Iâm generally not a big fan of EV SPAC myself, Switchback Energy was not like the others. Thatâs because it has significant value waiting to be unlocked.