This upcoming competition means that it’s incredibly important for US makers to figure out how to profitably make inexpensive electric vehicles, instead of merely focusing on the biggest most expensive trucks and SUVs
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Oh no, the single most powerful corporate industry of the twentieth century, who had EVs thirty years ago, and so horribly mismanaged everything the taxpayers were forced to give them billions of bailout money, is gonna be hurt by affordable cars people want.
Oh boo fucking hoo. You fucked around for a century. Eat shit.
This is true, but companies also have workers, who support communities. Those that fucked around will not be those finding out, even if their portfolios perform poorly.