Biden Aims to Replace Federal Auto Fleet With Electric Vehicles

Eric Volkman, The Motley Fool
·2-min read
Biden Aims to Replace Federal Auto Fleet With Electric Vehicles

President Joe Biden said on Monday that internal combustion cars and trucks in the federal government's existing vehicle fleet will eventually be swapped out for electric vehicles (EVs). "The federal government... owns an enormous fleet of vehicles, which we're going to replace with clean electric vehicles made right here in America by American workers, creating millions of jobs, a million auto worker jobs, and clean energy, and vehicles that are net zero emissions," Biden said. At the moment, the federal government's standards mandate that it purchase cars in which at least 50% of their parts are made in the U.S. Biden promised to raise that standard, although exact details weren't provided.