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Itsuo Inouye / AP

Nissan will unveil a completely redesigned version of its all-electric Leaf in a heavily promoted event later tonight.

Why it matters: The overhaul arrives at a time when analysts are upping estimates of the EV market's growth in coming years and decades, and countries including France and the U.K. are rolling out more aggressive clean transportation policies.

The automaker faces big challenges, even though the Leaf is the leader in cumulative worldwide EV sales since its 2010 debut, with over 280,000 sold. These days Nissan has lost ground to Tesla and other rivals who offer models with much more range than the current generation Leaf's roughly 100-miles-per-charge capacity.

Nissan has already revealed that the new version will feature tech including its single-pedal operation mode called "e-Pedal," and its "ProPILOT" assisted-driving system.

One big question: How much Nissan may have upgraded its battery system to allow longer range. More broadly, whether Nissan can capture the EV buzz that rests squarely with U.S rival Tesla. Elon Musk's Silicon Valley firm has its own long-term challenges but got rave reviews for its new mass market Model 3 (which has a higher base price than the current Leaf) and its 220-mile base range.

A number to watch: My Axios colleague Steve LeVine, a longtime watcher of EV trends, believes that the floor to catch on with consumers these days is now 200 miles on a single charge, even if most drivers very rarely need that much range.

Perspective: Tatsuo Yoshida, a senior analyst at Sawakami Asset Management Inc., sums up Nissan's challenge nicely in this Bloomberg piece: "It will be tougher for the new Leaf than for the first generation, as it's no longer the only mass-market EV, or monopolizing public attention. . . . Tesla's brand is more alluring even if Nissan comes close to its technology."

Go deeper

U.S. grants temporary protected status to thousands of Venezuelans

Venezuelan citizens participate in the vote for the popular consultation in December 2020, as part of a protest against Venezuelan President Nicolás Maduro in Doral, Florida. Photo: Chandan Khanna/AFP

Venezuelans living in the United States will be eligible to receive temporary protected status for 18 months, the Department of Homeland Security announced Monday.

Why it matters: Tens of thousands of Venezuelans have fled to the U.S. amid economic, political and social turmoil back home. Former President Trump, on his last full day in office, granted some protections to Venezuelans through the U.S. Deferred Enforced Departure program, but advocates and lawmakers said the move didn't go far enough.

"She-cession" threatens economic recovery

Illustration: Sarah Grillo

Decades of the slow economic progress women made catching up to men evaporated in just one year.

Why it matters: As quickly as those gains were erased, it could take much, much longer for them to return — a warning Treasury Secretary Janet Yellen issued today.

The Week America Changed

Sandberg thought Zuckerberg was "nuts" on remote work in January 2020

Photo illustration: Sarah Grillo/Axios. Photo: Paul Marotta/Getty Image

Chief operating officer Sheryl Sandberg thought Mark Zuckerberg was "nuts" when he raised the possibility in January 2020 that 50,000 Facebook employees might have to work from home. By March 6, they were.

Why it matters: In an interview Monday with Axios Re:Cap, Sandberg explained how Facebook moved quickly to respond to the pandemic with grants for small businesses and work-from-home stipends for its employees, and how the company has been watching the unfolding crisis for women in the workforce.