GM plans electric van for business users in bid to pre-empt Tesla
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.
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That multibillion-dollar strategy could enable GM, Ford Motor Co and at least two EV startups to build and deliver more EVs at a time when consumer demand for battery-powered models is still a small fraction of overall industry sales, while targeting a potentially lucrative market segment that Tesla Inc has yet to address.
GM’s plan to develop an electric van has not previously been reported. The No 1 US automaker did not confirm the van, but has said it plans to introduce at least 20 new all-EVs by 2023, in a variety of body styles including sedans and trucks. Suppliers aware of plans at GM and Ford said the Detroit automakers “don’t want to leave the door open for Tesla” as they did in consumer passenger cars.
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