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Photo: Thomas Trutschel/Photothek via Getty Images

Commercial vans are emerging as a key growth area for electrification — and General Motors is developing a vehicle for the sector, according to a Reuters report.

Why it matters: GM's interest shows how a powerful legacy automaker wants in on what Morgan Stanley analysts called "America's hottest new vehicle" in a research note this week.

  • "Delivery vans have highly predictable routes, conduct high-value services, operate a high utilization and generally stay within a specific geographic area … all of which fits well with EV infrastructure and charging ecosystems which enable their full economic use," they write.

The intrigue: The fledgeling battery-powered van market, like other EV segments, includes both startups and giant automakers.

  • Amazon, in late 2019, vowed to buy 100,000 electric delivery vehicles from the startup Rivian and hopes to have 10,000 operating as soon as 2022.
  • Ford announced in March that it's developing an electric version of its Ford Transit cargo van.
  • UPS is planning to buy at least 10,000 electric vans from the U.K. startup Arrival.

Go deeper

Ben Geman, author of Generate
Sep 8, 2020 - Energy & Environment

Uber vows big expansion of electric rides

Photo: Sean Gallup/Getty Images

Uber is immediately expanding its "Green" program to new cities and setting a longer-term target of having fully electric cars account for 100% of rides on its platform in the U.S., Canadian and European cities by 2030.

Why it matters: Those plans — and other new climate pledges Uber unveiled Tuesday — come as ride-hailing firms face growing scrutiny over their carbon emissions amid evidence they're cannibalizing public transit and increasing congestion.

Cuomo says words may have been "misinterpreted" following allegations of harassment

New York Gov. Andrew Cuomo at a Feb. 22 news conference. Photo: Seth Wenig/pool/AF via Getty Images

New York Gov. Andrew Cuomo issued a lengthy statement on Sunday saying he " never inappropriately touched anybody" but acknowledged that "some of the things I have said have been misinterpreted as an unwanted flirtation," after two of his former aides accused him of sexual harassment.

Why it matters: Prior to Cuomo's statement, in which he adds that he "never inappropriately touched anybody" or meant to make anyone uncomfortable, the governor's office and the state attorney general went back and forth in a public disagreement about how to investigate the allegations.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."