One could argue that China’s governmental subsidizing of the industry just shows the commitment they have to be a leader and dominant player in the future of transportation worldwide.
Does the American government have such aspirations? Does the American Auto industry have the vision and goal to adapt to a disrupted market?
In my opinion the arguments surrounding this topic come down to which country is going to work harder to play a leading role in the future.
China is making their bet, and the quality of Chinese EVs is increasing extremely rapidly. If they can so easily dominate the American Auto Market that tells us that the Americans have been sleeping at the wheel and need to make some tough choices about spending. We can curtail the onslaught through duties and various taxes and regulations but not indefinitely.