Hyundai was poised to become Tesla’s top contender. Then the U.S. blindsided it | Hacker News Reader

Hyundai was poised to become Tesla’s top contender. Then the U.S. blindsided it

latimes.com

16 pointseatonphil9 comments

Every manufacturer has plants in the US, for the most part, including Hyundai. They make ~10% of all their cars (globally) in Alabama. They could have chosen to make their EV fleet here, as well. Can't say I particularly disagree with the decision to require US manufacturing. Pretty much every other car manufacturer can do it.

> They could have chosen to make their EV fleet here, as well.

The did choose to build their EV fleet here. They were in talks to build an EV plant in GA before the inflation reduction act existed. Ground was broken in October and the plant is scheduled to be online in 2025. I don't disagree with the decision to require US manufacturing either but given the early state of the EV market I think easing that requirement in over a few years to give auto makers a chance to open new US manufacturing capacity would have been a better path.

This article downplays the theft problem. Too many Hyundais were shipped without immobilizers and this kills the brand's image.

In the US. They're required in the UK, EU and Canada.

Hyundai EVs are superior, too bad this has happened

Just another example of state capitalism. Another huge handout to Tesla.

I personally happen to think it's fine for a government to do this kind of thing, but let's call it like it is!

State capitalism is when the state owns the means of production. The state does not own Tesla, but it will be economic protectionist for privately owned businesses under it.

capitalism is the free market. when something is interfering with the market, that is not capitalism, in fact, this is the opposite of capitalism, the controlled market.

Capitalism is the private ownership of the means of production in the hands of capitalists. State subsidies do not change the ownership.

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