Politicians formulate policies based upon...well...politics. They don't understand, or probably care, that mandating without understanding the problems of meeting those mandates are monumental and unachievable as outlined. The timeline was always impossible to make, by 10-15 years, so they flounder around wasting money, glad slapping each other on the back, while in this case China, Korea, Japan, Australia, Chile, Argentina actually advance the production and technology. The USA and europe just fall further behind. There's a reason Musk fears BYD as he and the other major car brands should. By the end of 2025 BYD will be the uncontested leader in EV and hybrid production, and in the top three of battery production worldwide.
If you work hard and have a skill set to match success and wealth is yours for the taking