Most of the issue is that their competitors are selling at a big loss. Ford admitted so recently and are starting to make fewer cars. Rivian and lucid are also

Most of the issue is that their competitors are selling at a big loss. Ford admitted so recently and are starting to make fewer cars. Rivian and lucid are also hemmoraging money. Without the tax credit these companies may cease to exist or stop making evs in the case of Ford. It's likely they will have fewer competitors soon