When there is a demand for a product or service, then those who can sufficiently supply that demand will do well. Those who cannot, won't.
And that principle alone is why the electric vehicle (EV) industry is already imploding.
The Biden regime and its left-wing lunatic 'green energy' base have forced EVs on the American people. There was no widespread demand for EVs in years past and there isn't any real demand for them now. There is little charging infrastructure to support the vehicles, and Americans who have bought one are finding out that they were lied to regarding the advertised 'ranges' for said vehicles, and the vast majority of them are prohibitively expensive.