Biden’s EV Plan Benefits Kia, Hyundai, GM and Ford; Leaves Tesla In the Cold
President Biden wants the federal government to move to an electric fleet. That leaves Tesla out in the cold.
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President Joseph Biden in remarks to reporters said he wants the federal government to move to an all-electric fleet. If accomplished, it benefits manufacturers like Kia, Hyundai, GM and Ford. It hurts Tesla in many ways.
“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers,” Biden said Monday, according to a Reuters article.
What North American Car of the Year Means for the Hyundai Elantra
NACTOY accolade will help 2021 Hyundai Elantra stand out in a segment no longer coveted by most consumers, including Hyundai buyers in 2020.
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The 2021 Hyundai Elantra was named North American Car of the Year by a panel of automotive journalists, who will tell you it’s one of the most prestigious awards out there. The accolade gives the Elantra a much-needed boost in a dying segment.
Cars are down to about 20% of sales with SUVS and crossovers accounting for almost half the market. That’s the reason Ford pretty much has abandoned the segment with the Mustang soon to be the only car sold out of Dearborn. (Yet it won the other two NACTOY awards this year.)