What happened Shares of Switchback Energy Acquisition (NYSE: SBE) jumped 19.2% in December, according to data provided by S&P Global Market Intelligence, as investors continued to push stocks related to electric vehicles higher. So what As of now, Switchback Energy is still a special purpose acquisition company, or SPAC, with little more than cash on the balance sheet. But it has agreed to buy ChargePoint, the electric-vehicle charging network company, and ultimately that's what investors are betting on. Image source: Getty Images. While there wasn't any significant news out of Switchback or ChargePoint last month, the stock benefited from a market that's buying anything EV-related right now. There were some renewable energy subsidies extended as part of the stimulus package passed last month, but direct funding for EV charging wasn't the focus, so the market is speculating that a rising renewable energy tide will help ChargePoint's business long term. Now what It's hard to watch stocks rise like this and not think that there's a bubble forming. The ChargePoint deal isn't even closed, and yet the stock continues to shoot higher month after month on little more than speculation that the future of EV charging will be a massive business. I'm not buying into that speculation today, even if these companies are growth stocks for the next few years because the price is just too much to pay. 10 stocks we like better than Switchback Energy Acquisition CorporationWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Switchback Energy Acquisition Corporation wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source