First tesla is taking their market share, even tiny new startups like rivian are outselling many major automakers in the us. US EV sales are up 50% plus year over year. Max ICE auto sales were in 2017! No one seems to have noticed where the growth went. 1 million ev sales this year.
But the second wave is just starting, which is cheap and quite capable chinese EVs. They are starting to take the growth from Tesla in China, Tesla is having to work hard there. The 1-2 punch of first Tesla and then China will degrade us auto.
Because Toyota(and every other major car company) built factories in the US to bypass tarrifs?
I'm sure the us will pass more protectionist legislation, in Europe they is at least early talk of blocking Chinese EVs because they can't compete too. Volvo has a plan for a Euro based factory for that reason.