It's hard to prove causality, but I don't think it's a coincidence that not long after the protectionist Inflation Reduction Act passed, Chevy has now cancelled

It's hard to prove causality, but I don't think it's a coincidence that not long after the protectionist Inflation Reduction Act passed, Chevy has now cancelled the Bolt EV and EUV. The Bolt was a rare success story of making a pretty decent reasonably-affordable EV. The IRA removed the tax credit that Kia and Hyundai vehicles were previously eligible for. I think Chevy is banking on sedans/hatchbacks being so expensive that more consumers will say, "oh well, I guess I'll get a truck." Maybe Kia and Hyundai and Nissan and Volkswagen will fill the cheap, small car demand eventually as they setup U.S. assembly lines and ramp up production. I think if we cared more about climate change than geopolitical concerns and U.S. jobs and whatnot, we'd just let BYD sell the Seagull in the U.S. on a level playing field.