As the electric vehicle (EV) industry gains traction globally, concerns arise over potential overcapacities, particularly in the United States. Despite the impressive growth of EVs in recent years, challenges remain for new entrants, with high costs and low sales volumes hindering their success. China has emerged as a leading force in the EV market, with a rapidly consolidating industry and government support that has fostered innovation and cost reduction. The US market faces unique challenges due to trade restrictions on Chinese EVs, which limit demand and contribute to overcapacities. To address these complexities, enlightened self-interest and cooperative competition are necessary to foster synergy and advancement in the green technology landscape.