Production on the van, which is codenamed BV1, is reportedly set to start in late 2021 at a GM plant in Detroit. (Reuters)
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Production on the van, which is codenamed BV1, is reportedly set to start in late 2021 at a GM plant in Detroit. (Reuters)
Talking point: GM is attempting to steal a march on Tesla, which does not currently offer an electric vehicle for business users. Tesla currently dominates the electric-vehicle market, with its Model 3 car alone accounting for over 60 per cent of the full-battery electric-car market in the U.S. GM’s van is aimed at the commercial-delivery market, a sector that’s exploded due to online ordering during COVID-19, but that was already lucrative. In September 2019, Amazon ordered 100,000 electric vans from U.S. startup Rivian. In January, UPS commissioned 10,000 vans from U.K. startup Arrival. The combined value of those contracts is estimated to be US$4 billion or more.
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