Tesla's Model 3 loses out to an American staple
The Lincoln Corsair is, per the Kogod School of Business, the most American car you can buy in 2022.
It's followed closely by the Lincoln Corsair, with the Hybrid sharing the base Corsair's American origins. 72% of the parts in both Corsair versions are made in the US or Canada.
It's important to keep in mind that this is the North American index, so Canada counts here. Still, the Lincolns beat out the Tesla Model 3 Long Range by a fair margin. 65% of its parts are made here in North America. Meanwhile, the Chevrolet Corvette takes third place, with 61% of its parts made in America.
Tesla takes several more spots in the top ten, with the Model 3 Performance, Model Y, Model S, and Model X all placing 5th and 8th, respectively. These cars share positions because they scored the same percentage.
For example, the Model S and X feature 55% North American-made parts, landing them in 8th place. The Ford Ranger and Bronco share a similar story, placing 7th.
But the Lincoln's story is far more interesting. It rises from 44th place compared to the 2021 rankings, with just 25% US/Canadian parts with a foreign motor. Getting rid of that foreign motor-built is one of the reasons for the substantial 43-place jump.
The annual study also points out another interesting trend. Foreign automakers are pushing into North American production. Domestic manufacturers are looking into Mexican suppliers in light of the recent NAFTA revisions, per the Kogod School of Business report.
We also believe foreign manufacturers, especially those with plans for heavy electrification like Hyundai, are pushing into North America in light of Biden's Inflation Reduction Act, which moves tax incentives for EVs towards cars built in America.
It will be interesting to see what this study looks like a year or two from now.