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Why Shares of Canoo Were Volatile Today

Why Shares of Canoo Were Volatile Today

The share price of the electric vehicle (EV) company Canoo (NASDAQ: GOEV) rose quickly this morning on no company-specific news. Instead, investors may be digesting the latest details from the U.S. Environmental Protection Agency's (EPA) push to boost electric vehicle sales. The Biden administration released more information today about its plan to reduce emissions and increase EV adoption in the U.S. over the next several years.