Mobility

Electric vans roll off line that once made gas-guzzling Hummers

ELMS co-founder Jim Taylor said a SPAC merger got him the money “much quicker” to restart the plant.
ELMS co-founder Jim Taylor said a SPAC merger got him the money “much quicker” to restart the plant. (BLOOMBERG)
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By:
IRA BOUDWAY
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By:
Bloomberg
|
October 11, 2021 04:00 AM

When the first snub-nosed electric van rolled off the assembly line last month at the Electric Last Mile Solutions Inc. plant in Mishawaka, Ind., it was a proud moment for the company's co-founder and CEO, Jim Taylor. The van, one in a run of 1,000 scheduled for this year, is among the first of its kind in the U.S.: a fully electric light-duty vehicle meant for delivery workers, contractors and other commercial fleets.

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