First, I would just say that I think it's a very different situation from what we saw in the seventies. North American auto manufacturers are building EVs. There are over 80 models in the market. That's an increase from three models in 2012. They're here, and they're available in every segment.
The competition that is coming in from China is not being done on a level playing field. They're subsidizing their manufacturers to the tune of nine times what you see in western democracies. This isn't a fair playing field. That's why they bring these vehicles in at a price point that is so significantly lower than what you see in North America.