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Feb 15
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LONG
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Ed Glazer
Economics Professor, Harvard University
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Glazer states, "The average electric bus in the US costs about $1.05 million... You can buy a perfectly nice 36-ft electric bus from Hyundai for $350,000." The price discrepancy is nearly 3x. As municipal budgets tighten and the "astounding" waste is exposed, there is immense pressure to either relax "Buy American" rules or for Hyundai to onshore manufacturing (which Skoutelas explicitly welcomes). Hyundai possesses a massive competitive pricing moat against US incumbents. LONG Hyundai as the superior efficiency play in the transit sector. "Buy American" regulations remain strict, preventing Hyundai from entering the US market despite the price advantage. |
Bloomberg Markets
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