Legacy car brands have massive investments in ICE vehicles. They have the manufacturing and logistics figured out and running as smoothly as ever. Now we are asking them to pivot? Do you know what that will do to their short term finances? Decimated. The shareholders will not like that one bit. The tax credits helped soften the blow a bit but instead of making a platform built for EV they had to go and make trucks and SUVs. They could make a small EV, Chevy Bolt was a fine small and efficient EV...nobody bought it. Why? Because it was built like a subcompact economy car with a mid range price tag. Who is that for? Those that can afford it just finance an extra few grand and get a model 3. Those that can't afford it get a 2005 Camry.
The $7500 tax credit was a gift for those that could afford a $40k car.
It's like the legislation was written by the legacy automakers (and oil lobby) themselves to slow EV adoption.
Died for his right to dump raw sewage in a trench