I think all we need is a clear communication and strategy. We still have politicians that want to prolong the production of ICE cars and/or large scale use e-fuels. If we had these decisions way ealier, it would have been better, sure but every additional year that goes by will worsen the effects on economy.
I don't really trust the quality of Chinese cars but if they will prove there is a market for cheap EVs why not. It might convince bigger companies to focus on rolling out affordable EVs.
Things have a cost and if you’re not paying it in full, somebody else has to. Maybe it’s the Chinese government. Maybe it’s the slave who built it. Maybe it’s future you, struggling to engage windshield wipers on an unresponsive piece of garbage while on the highway.
The price of EVs is due in large part to the battery, so there is only so much you can cut. Some companies sell you a battery with a bare bone car around it (see Dacia spring), others try to justify the price by selling you a premium car (see ioniq or tesla), and others cut down on the battery by selling you a city car with a very limited range (see Renault Zoe or that funny mini car from Citroen).
As things stand now there is just no way to make an EV with both comparable price and performance to an ICE. What needs to happen is technological development on batteries, which would have been much better by now had we bothered to give a fuck years ago.
I’m not sure how true that is, at least in the USA. Almost all OEMs are targeting the mid to top end of the market for EVs (SUVs, trucks, luxury models). Almost no one is coming out with an entry level model that would be the equivalent of a “Toyota Corolla” EV, that is, a bare bones car that runs on a battery. Yes, there is some protectionism going on with preventing the Chinese from entering the market, but I think most of it is just OEMs trying to maximize profit to a grotesque degree.