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Oh yeah?
https://www.bloomberg.com/features/2023-china-ev-graveyards/
And you want to unleash that on one of the few remaining manufacturing sectors left in the US?
Auto manufacturing workers are mostly all well paid union jobs, but it sounds like you'd rather put those people out of work so that the Chinese government can grab a little more power and influence and you can buy a dirt cheap car.
Musks wealth catapulted because he owns some very successful companies that are valued at/worth a lot of money either privately (SpaceX) or publicly (Tesla) and have nothing to do with EV subsidies. I do know companies like Ford have jacked up their MSRPs to absorb much of these credits, but then it bit them in the ass because sales slowed and they had to reduce prices again. By your logic, every automotive CEO should be amongst the wealthiest people on the planet since they are grifting the government so bad.