We’ve been subsidizing and supporting domestic EV manufacturing for longer than China has and yet US manufacturers dragged their feet in favor of higher profit margins. Of the electric vehicles they have managed to come out with, they’ve tended to price them higher even after the tax credit in order to maintain that high profit margin. The American manufacturers don’t care unless they feel threatened. That’s why it took Japanese competition in the 80s to make them get their act together.
We’ve been subsidizing and supporting domestic EV manufacturing for longer than China has and yet US manufacturers dragged their feet in favor of higher profit margins. Of the electric vehicles they have managed to come out with, they’ve tended to price them higher even after the tax credit in order to maintain that high profit margin. The American manufacturers don’t care unless they feel threatened. That’s why it took Japanese competition in the 80s to make them get their act together.