If this can’t compete head to head (no tariffs or other import restrictions) with BYD and the like, then I don’t know why one would get excited. Feels like an expensive consolation prize with tons of compromises. I want competition.
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Would you prefer our roads flooded with cheap Chinese EVs that are the automotive equivalent of Shein hauls? Protectionism has its place in certain areas, and I would say building a thriving domestic EV industry that isn't beholden to a single weirdo is one of them.
A lack of import restrictions in no way prevents safety regulations. You could also subsidize the domestic automobile industry without having tariffs, so that we protect our domestic industrial base. These things take no imagination.