Alex Roy

And they're very good, scarily good.

So there are several BYD models and a Xiaomi sedan called the SU7, which are very competitive with the Tesla Model 3 and Model Y. What remains to be seen, we don't know, are the long-term reliability of these cars because we just haven't seen them.

They haven't been in market long enough.

Tesla's been in the US market long enough that we do have some history there, and it's mostly good.

The Chinese are desperate to come in because they know that if they arrive and subsidize the price points of these cars for a couple of years, it's going to crater American EV sales, what remains of them beyond Tesla.

And then it's going to start eating into internal combustion sales.

It's really dangerous.

The United States was exporting cars that owned this for half a century.

And this is evaporating before our eyes.

There was a critical point when GM was bankrupt where GM could have been forced to switch to becoming an EV company in exchange for being allowed to go into bankruptcy.

And that was not imposed on them.

And that may have been the fork in the road.

Which set the future in motion.

Well, Europe has – there are multiple standards, connection standards in Europe.

The United States has really defaulted to the NAX standard, which is the Tesla standard.

Pretty much every carmaker that wants to sell an EV in the U.S.

is going to default to NAX and has already announced it.

Because if they don't, it will be very difficult to connect its common charging points on public roads.

The Chinese are doing this.

I mean, they'll adapt to any market easily, probably giving away the adapters for free.