GM’s commercial EV unit to supply 5,400 more vans to Merchants Fleet

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Nov 18 (Businesshala) – General Motors Co. (GM.N) Brightdrop said on Thursday that vehicle leasing firm Merchant Fleet has added 5,400 more delivery vans to boost the largest US automaker’s fledgling electric commercial vehicle business. Planned to order.

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GM unveiled BrightDrop in January to grab a portion of the growing electric delivery vehicle business to better compete with rival Ford Motor Company (FN) and other companies such as Rivian Automotive Inc. (RIVNO).

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GM has outlined a plan to double its revenue and become a leader in US electric vehicle sales by 2030.

Merchant fleet orders will bring its total Brightdrop electric vehicles to 18,000. Out of total 12,600 orders, announced In February, Brightdrop’s full-size delivery vans are for the EV600 and the remaining 5,400 are for its medium-sized vans EV410.

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The EV410, which was unveiled in September and offers a driving range of 250 miles (400 km) between charges, has already acquired Verizon Communications Inc (VZ.N) as a customer.

U.S. President Joe Biden and fellow Democrats in Congress have proposed nearly $50 billion in tax breaks, incentives for government agencies to buy electric vehicles, and loans to retrofit factories, which are part of automakers’ electric vehicle plans. can provide further speed.

This does not count the billions in new subsidies to boost sales of electric vehicles, such as a 30% tax credit for commercial electric vehicles.

Reporting by Nathan Gomes in Bengaluru; Editing by Amy Karen Daniels

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