The British made the same mistake back in the day with motorcycles. "Who cares about the market for 125 cc machines?" they said.
The Japanese did, and now they have the market, the British used to have, for luxury and high powered motor cycles. As well as most of the 125cc market
Not if our governments start putting tariffs on everything.
I am Canadian, but it also applies to other governments (including the US). The politicians know that it's not going to be easy to do the actual right thing and build up a competitive industry. Instead, it's much easier to just slap some tariffs and make lagging productivity the next generation's problem.
The complexities of this are outside my wheelhouse, but it's easy to see how keeping cheaper EVs out of the market would carve out a major source of cheaper vehicles period, leaving other manufacturers able to push higher priced cars. My guess is the tariffs are directly contributing to the process described in the article. Even if manufacturers were to "leave that market to China", eventually it would come to bite them as a certain proportion of people would start buying those cars instead.
Monopolies, monopsonies, and tariffs are playing a huge role throughout the US economy and it gets such little attention. Or at least it seems that way to me.