There's one segment of electric vehicles even Tesla is late to — everyone from Amazon to automakers is racing to build the perfect electric delivery van (AMZN, TSLA, GM)

* Electric cargo vans lie at the intersection of several automotive and urban trends. * They're efficient, emissions free, and fit perfectly within existing EV charging networks. * Morgan Stanley says recent investments by Amazon, GM, and others could be an inflection point for the segment. * Visit Business Insider's homepage for more stories. Move over trucks and crossover SUVs, there's a new hot vehicle in town, and it's not what you might have guessed. With cities becoming more congested, increasing emissions rules, and an uptick in home delivery thanks to the coronavirus, electric delivery vans are set to take center stage, according to Morgan Stanley. And it's more than just the automakers racing to build the perfect one. "Delivery vans have highly predictable routes, conduct high-value services, operate at a high utilization, and generally stay within a specific geographic area," Adam Jonas, the bank's autos analyst, said in a note to clients. "All of which fits well within EV infrastructure and charging ecosystems which enable their full economic use." So far, however, electric vehicles have largely remained constrained to the high-end consumer market. The most obvious example, of course, being Tesla, which handily outsells other EV makers in most markets, especially the United States. Cargo vans like Mercedes' Sprinter, on the other hand, have found their place in the market but remain gasoline-powered. Amazon's decision to order 100,000 electric delivery vans from the upstart Rivian while also investing in the company was a turning point, Morgan Stanley says. The bank also points to Reuters' report this week of a GM electric van as a potential infection point. Commercial vehicles are among the most profitable businesses for Detroit automakers, which have clearly seen Tesla's planned Cybertruck as eventual competition. "It's going to be similar to what the Model 3 has done for the consumer market," Scott Phillippi, a senior director of fleet maintenance and engineering, told the wire service.. "Now all of a sudden, we're off to the races." But "it has not been all smooth sailing recently for EV vans though," Morgan Stanley warns. Specifically, DHL's cancelled StreetScooter program was "arguably the most successful EV van program to be commercialized so far … however, we believe the number of potential new entrants into the space shows significant momentum." Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
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PayPal parts with top advertising executive after shifting its marketing strategy during the pandemic

* PayPal's chief creative officer Steve Simpson, its top advertising executive, left the company after about a year. * The move came after PayPal shifted its marketing strategy during the coronavirus pandemic, placing less emphasis on the brand and more on catering to small businesses, said a source with direct knowledge of the marketing operation. * Simpson's departure followed that of CMO and former Apple executive Allison Johnson in May. Both "decided to leave PayPal" as the company streamlines its global marketing functions, according to a PayPal spokeswoman. * Visit Business Insider's homepage for more stories. PayPal's highest-ranking ad executive Steve Simpson left earlier this month after just over a year as part of a restructuring of its global marketing business. Simpson, who was chief creative officer, was hired to make high-minded ad campaigns to help PayPal stand out from competitors like Square, Stripe, and Apple Pay. But this strategy chan...

How to send your location on Snapchat to your friends through the app's Snap Map feature

* You can send your location on Snapchat to a single friend or to several users in a group. * To send a location on Snapchat, you'll need to visit your friendship history with a user and locate the "Send My Location" feature. * Once you send a location on Snapchat to a friend, they can tap it and zoom in to see where you are. * Visit Business Insider's Tech Reference library for more stories. Whether you want to share the location of your favorite restaurant or the address of your new apartment, you can easily send your location on Snapchat to your friends. You can do this using the Snap Map and will even be prompted to select who you want to share you location with the first time you use the app feature. You can choose to share your location with your mutual friends, a list of friends with exceptions, or a small group of selected friends. To send your location directly to a mutual Snapchat friend, you must visit your chat history through your friends li...

TikTok confirms it will sue the US government, alleging Trump failed to provide 'due process' before issuing ban

* TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump's executive orders targeting the popular app. * A company spokesperson said TikTok experienced "a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses." * TikTok, which has surged in popularity over the past year, was known as Musical.ly until it was purchased by the Chinese company ByteDance in 2017 and renamed. * The president on August 6 and August 14 signed executive orders targeting TikTok. * Visit Business Insider's homepage for more stories. TikTok on Saturday announced it plans to sue the US government over President Donald Trump's executive orders pertaining to its ownership, arguing the company was deprived of its due process rights. The president, who began targeting TikTok in July, issued an executive order August 6 making it illegal for American compani...

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