President Biden took a victory lap in South Korea over Hyundai’s huge U.S. new electrical automobile investments, however contemporary evaluation reveals how far the U.S. lags behind within the international EV provide chain competitors.

Driving the information: “Electrical autos are good for our local weather objectives, however they’re additionally good for jobs, they usually’re good for enterprise,” Biden said in Seoul Sunday alongside Hyundai chairman Euisun Chung.

U.S. lags behind China and Europe on electric vehicles comes via ChinaTechNews.com.