KEY POINTS
  • President Joe Biden plans to replace the government's vehicle fleet with electric vehicles assembled in the U.S.
  • He announced the plan Monday when signing a new "Buy American" executive order.
  • The government is a major purchaser of vehicles. However, replacing such a fleet with EVs assembled domestically will be costly and take time.

President Joe Biden plans to replace the government's fleet of cars and trucks with electric vehicles assembled in the U.S., he said Monday when signing a new "Buy America" executive order.

The government is a major purchaser of vehicles. However, replacing such a fleet with American-produced EVs will be costly and take time. There are currently only a handful of all-electric vehicles being assembled in the U.S. Tesla, General Motors and Nissan Motor produce EVs domestically, while Ford Motor and others have announced plans to do so.