That is not what happened. American manufacters wounded themselves by chasing the model Y after the pandemic. Nobody forced them to build EVs to an price-point in excess of 60k. They got greedy and the American customer is punishing them for it.
For an apples to apples comparison, the Chinese Mach-E starts at over $30K in China. While BYD’s seagull starts below $10k. Same labor costs, same regulations, and Ford still can’t push competitively priced EVs out of its Changan plant.
The cheap Chinese car still lets you open the door with a physical key, unlike the American car which will trap babies and pets inside because it’s so incompetently designed.
American automakers are losing money on EVs because they made bad cars. That’s why they’re desperately afraid of competent Chinese EVs crossing the Mexican border.