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2021 Chevrolet Silverado. An electric version is coming soon. Photo: GM

General Motors announced Tuesday it will introduce an electric version of its popular Chevrolet Silverado pickup truck that will be built at the company’s Factory ZERO assembly plant in Detroit.

Why it matters: GM is rapidly expanding its portfolio of battery-operated vehicles, with a plan to deliver more than 1 million EVs globally by 2025. It just unveiled the GMC Hummer electric SUV last weekend, joining the previously announced GMC Hummer electric pickup.

Details: The new electric Silverado will be designed from the ground up as an EV and will provide 400 miles of battery driving range, GM said in a virtual announcement Tuesday.

  • The vehicle is based on GM's new modular Ultium battery platform, which will be the basis for 30 EVs globally by the end of 2025.
  • GM says the Ultium platform, along with new virtual development tools and technology, has shortened vehicle development times by nearly 50% to just 26 months.
  • The electric Silverado will be built alongside the two electric Hummer trucks, and the Cruise Origin robotaxi. Factory ZERO will begin production later this year, starting with the Hummer EV pickup.

The big picture: GM is investing $27 billion in EV and autonomous vehicle development.

  • Ford is also investing heavily in electrification, with plans to spend $22 billion through 2025. Its Mustang Mach-E crossover is already on sale, with a new electric F-150 coming in 2022.

Go deeper

Ben Geman, author of Generate
Apr 5, 2021 - Economy & Business

The electric vehicle sales surge

Illustration: Lazaro Gamio/Axios

Tesla's stock was up over 7% in premarket trading this morning after it reported record deliveries in the year's first quarter on Friday. But it's not the only manufacturer seeing sales increases this year.

Why it matters: Even as gasoline-powered sales return from the pandemic, cars with plugs are going faster, albeit from a much smaller base.

Most teachers are white. Most students aren't.

Expand chart
Data: U.S. Department of Education, National Center for Education Statistics; Chart: Baidi Wang/Axios

The nation's 6.6 million teacher workforce has grown more racially and ethnically diverse over the past three decades — but not nearly fast enough to keep pace with a student population that's nearing majority-minority in public schools, two new reports show.

Why it matters: The disparities are especially acute between Hispanic students and teachers, and in schools with 90% or higher non-white student populations.

Updated 12 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

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