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

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© Reuters. FILE PHOTO : A new GM logo can be seen on the Detroit General Motors headquarters, Michigan, U.S.A, March 16th 2021. REUTERS/Rebecca Cook/File Photo

(Reuters] – General Motors Co. (NYSE:) BrightDrop reported on Thursday that Merchants Fleet, a vehicle leasing business, plans to order 5,400 delivery vans more to help boost the fledgling U.S. electric car company.

BrightDrop was introduced by GM in January to compete against Ford Motor (NYSE) Co. and Rivian Automotive Inc.

GM plans to increase its revenues by 30% and be the market leader in U.S. sales of electric vehicles.

Merchants Fleet would have 18,000. BrightDrop announced 12600 orders in February for its full-size delivery van (EV600) and 5,400 for its medium-sized van (EV410).

The EV410 was revealed in September. It offers a range of 250 to 400 km between charges. Verizon Communications Inc (NYSE) is a company that you can be a customer.

U.S. President Joe Biden has proposed almost $50 billion in tax reliefs, incentives to government agencies to purchase electric automobiles, and loans for the retooling of factories. These could be further impetus for electric vehicle manufacturers’ plans.

These new subsidies are not enough to encourage sales of electric vehicle, such as the 30% tax credit commercial electric vehicles.

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