Comment by tw1984

> US/EU automakers are still struggling to offer anything barely competitive.

Imagine yourself being one of the top management guys in one of those legacy car makers, you've spent your entire life building what you "earned" in that company...Suddenly the company tells you that you will be sidelined so more resources that once thought to be under your control can be allocated to an EV project so you can be further marginalize in the near future. what will be your reactions? You offer to help in the project (by building junks with your legacy understanding on cars) or you do anything possible to sink that project.

The result is the same - your legacy carmaker company is fxxked.

It is not like just US/EU legacy automakers struggling to offer anything competitive - Chinese legacy automakers that have been in the exact same market for decades with direct access to the exact same supply chain and government subsidies are suffering from the exact same problem. It is not about regulations, market access or subsidies. It is just human nature.