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  "documentTitle": "XL Fleet (XL)",
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  "notes": "The title 'What Blue Skies?' is ironic, suggesting the company's optimistic outlook is unfounded due to regulatory headwinds.",
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      "text": "GOVERNMENT INCENTIVES ARE DISAPPEARING: POTENTIAL CUSTOMERS NO LONGER GET THOUSANDS OF DOLLARS IN REBATES ON HYBRIDS",
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      "text": "Starting December 2019, CARB's new subsidy framework also began excluding hybrids with under 35 miles of range altogether, while plug-in hybrid rebates shrank from $1,500 to $1,000.",
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      "text": "XL used to benefit from significant incentives for hybrids to sell its products. However, many of those programs have either begun to exclude XL's low-powered hybrids or are ceasing to cover hybrids altogether.",
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      "text": "New Jersey plans to phase out its $550 plug-in hybrid purchase incentives entirely by the end of 2022. Even the $550 is already much lower than the $5,000 maximum subsidy offered for battery-only electric vehicles.",
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      "text": "For example, XL used to tout CARB's voucher program, which offset up to $9,000 of XL's sticker price. XL stopped receiving these subsidies in 2019.",
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      "text": "GOVERNMENT INCENTIVES ARE DISAPPEARING: POTENTIAL CUSTOMERS NO LONGER GET THOUSANDS OF DOLLARS IN REBATES ON HYBRIDS",
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      "kind": "source-note",
      "text": "9 https://www.greencarcongress.com/2018/03/20180329-clay.html;https://xlfleet.com/assets/Uploads/XL-AllProducts-FLY-8.5x11-CA-4C-LR.pdf\n10 https://www.latimes.com/business/autos/story/2019-11-13/california-pulls-back-clean-vehicle-rebates-to-point-them-at-lower-income-buyers\n11 https://www.northjersey.com/story/news/environment/2020/01/06/number-electric-cars-nj-could-increase-thanks-new-bill/4386783002/",
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