There is a five year plan in China to basically take over the entire global automotive sector by making electric cars. They are not interested in completing with ICE cars by selling cheap ICE cars, it is all about upping the game to a better product that is BEV.

Europe had better watch out.

The US can defend their market with tariffs so everyone there drives a truck. But the longer they do that then the more out of touch they will become. It is going to be fun to see how this works out.

Tesla make great products but they are not a great market fit for Europe. There's so much scope for innovation but even now the Europe BEV efforts are ICE cars with the engine swapped out, therefore not cool.