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The Ford E-Transit van. Courtesy of Ford

The latest step in Ford's foray into electric vehicles is a cargo van arriving late next year with a starting price under $45,000.

Why it matters: Ford wants to defend its hold on the commercial vehicle market where there's growing demand for electric delivery and utility vans by companies looking to make good on carbon-cutting pledges or comply with new rules.

Driving the news: Thursday's rollout of the E-Transit makes this point in all kinds of ways.

  • The range isn't huge — 126 miles — but neither is the cost, and it makes sense for vehicles that operate in urban delivery routes with access to centralized charging.
  • Ted Cannis, a top exec in Ford's commercial business, called it "ideal for commercial customers who know their drive routes and often work in urban environments."
  • They're also touting an optional feature called the Pro Power Onboard, which provides enough mobile power to run "everything from belt sanders to circular saws."

Of note: Part of the van's rollout is making the case that the transition for existing customers would be seamless.

  • Ford emphasized that its new electric van has the same interior cargo dimensions and mounting points for racks, bins and so forth as the internal combustion version Transit model.

Go deeper

Ben Geman, author of Generate
Nov 20, 2020 - Energy & Environment

Why Tesla's market cap is soaring far past GM's

Expand chart
Data: FactSet; Chart: Sara Wise/Axios

Tesla is soaring past General Motors in market capitalization — even as electric vehicles remain still a tiny slice of vehicle sales and FM's overall sales far outstrip Tesla's.

Why it matters: Tesla's enormous market value helps to show how investors see vehicles with a plug as the future, even though internal combustion vehicles will dominate for a long time to come.

What COVID-19 vaccine trials still need to do

Illustration: Sarah Grillo/Axios

COVID-19 vaccines are being developed at record speed, but some experts fear the accelerated regulatory process could interfere with ongoing research about the vaccines.

Why it matters: Even after the first COVID-19 vaccines are deployed, scientific questions will remain about how they are working and how to improve them.

2 hours ago - Podcasts

Faces of COVID creator on telling the stories of those we've lost

America yesterday lost 2,762 people to COVID-19, per the CDC, bringing the total pandemic toll to 272,525. That's more than the population of Des Moines, Iowa. Or Baton Rouge, Louisiana. Or Toledo, Ohio.

Axios Re:Cap speaks with Alex Goldstein, creator of the @FacesofCOVID Twitter account, about sharing the stories behind the statistics.