Xos manufactures battery-powered electric vehicles for commercial applications, and the batteries used in those vehicles. While there are many problems worth solving in transport, for three reasons we have decided to start electrifying commercial vehicles. Electrification brings about massive changes to the cost structure of a fleet by saving fleet money on fuel, maintenance and compliance. We started by helping fleets to go electrically to help them stay competitive in the "free shipping on demand" world. While diesel commercial vehicles on our roads account for about 7 percent of vehicles, they account for nearly 18 percent of on-road emissions. Many local and regional commercial vehicles bring these emissions directly to the communities where we live, work and send our children to school. We believe it is time to make a shift.In the early 1900s the foundation for electric vehicle technology was laid. Until now, however, deploying electric vehicles involved compromises in terms of performance, aesthetics, reliability and convenience. Now that electric vehicles have reached age, that is not the case any more.