Biden “Replace all public cars with electric cars made in the US”… Hyundai·Kia hitting

Input 2021.01.26 16:00 | Revision 2021.01.26 16:25

U.S. President Joe Biden (pictured) has announced that he will replace all the cars used by government agencies with electric cars made in the United States. There was also a condition that more than half of US-made parts should be included in the electric vehicle.

Foreign media such as CNBC reported on the 25th (local time) that President Biden signed an executive order of “Buy American” that the federal government prefers to use American products when procuring goods. When President Biden announced the executive order, he also announced plans to replace government agencies’ cars and trucks with electric vehicles made in the United States.

In this regard, Biden said, “It will help the American automobile industry to create a million new jobs,” but did not disclose specific quantities or schedules. The By American Executive Order called for at least 50% of U.S.-made parts in vehicles purchased by the government. “The 50% threshold is not high,” said President Biden. “Companies have to use more American-made parts.”

Currently, there are Tesla, GM, and Nissan Motors that produce electric vehicles in the US. Ford has announced plans for production in the United States. In a statement, GM said, “President Biden’s promise to support US manufacturing is encouraging,” and “I look forward to reviewing the details of the administrative order.” “Investing in the United States, Americans and American goods and services is a national mission,” Ford said.

According to the US Federal Government Vehicle Annual Report, the number of vehicles owned by the government as of 2019 (including military vehicles) was 44,5777 vehicles. Considering that Tesla, the number one electric vehicle market in the US, has an annual production of 500,000 units, it will be difficult to replace all vehicles with electric vehicles in a short period of time.

After former President Donald Trump blatantly promoted national priority, the Biden administration also emphasized’by America’, and the concerns of domestic companies entering the US market are expected to deepen. right now Hyundai Motor (005380)Kia and Kia do not produce electric cars in the US, but sell cars produced at factories in Korea and Europe. Hyundai Motor Company said, “There are no plans to establish a new electric vehicle production line in the US right away.”