China has even more to smile about since DJT just handed them the world market.

Discouraging US EV development delivered a killing blow to Ford, GM, and Stellantis. With no incentives and no investment, US automakers will almost certainly die off as they're reduced to ever shrinking regional markets.

They could have been competitive, but their idea of innovation was making ever larger, ever more expensive, and seemingly more profitable SUVs and trucks. The money that could have gone to R&D went instead to C-suite compensation and massive stock buyback programs.

Yep. China has a LOT to be happy about.