The broader background is that our (Western, for the most part) "leaders" decided to eradicate manufacturing decades ago.
Detroit has never really been interested in building low-end affordable vehicles. Aside from Tesla, what makes the news here now ? F150E, MachE - that's about it.
I can't afford a toy (meaning - Just Fun) car, and a full-size truck that I can't drive non-stop across the continent doesn't make sense to me. But, that's Just Me....
Mandated EVs will accelerate this trend of declining manufacturing. People who can't or won't spend @ or near what a Tesla will cost will probably have to look off-shore.
I really don't want to have to pick from what PRC will be allowed/wants to send here for EVs, so I'll likely be shopping Korean if/when I do.
I'll be watching closely (nothing new there) what comes out of Japan, but as I'm old enough to find the CAD price of a modern Civic eye-watering (and, I generally liked the older Hondas), I'm not holding my breathe for a Japanese EV offering that hits my budget. I'm more interested in what happens there with Hydrogen.
May you Live In Interesting Times.....
Rgds, D.