The EV market may be begging someone to come along and knock Tesla off of the pedestal but the other automakers are finding that developing a competitive EV is a lot more difficult than taking an existing design, a bunch of parts from assembly line bins and adding batteries. And it is even more difficult to make a profit on their EV's.
This is what happens when Tesla has a 10 year head start, has an enormous amount of capital, has the best engineering talent in the world, and isn't burdened by things like unfunded union pensions, support of dealerships, keeping outdated and outmoded ICE assembly lines going, and paying millions of dollars to fix recall issues because they make stupid engineering decisions or have overpaid trained monkeys assembling their vehicles.
Add in the current economic conditions and it's going to be a lot longer than 2026 before we see all of the major manufacturers "in full swing" in the EV market. Sure, each one will have a few EV's available. But I remain highly skeptical that they will be anywhere close to Tesla in technology or performance and certainly won't be more than 20% as profitable. If profitable at all.
I agree that Tesla needs some major restyling and needs to introduce a couple more models, especially the long awaited sub- $30k model. For the kind of driving I do and my lifestyle, an EV would be perfect. But I am not interested in any available models by any manufacturer. But I certainly wouldn't rule one out if it met my approval.
And millions of near-future new car buyers are thinking the same thing. As soon as their range anxiety and uncertainty of convenience of charging stations are more fully addressed, we'll see a big spike in EV sales. And Tesla will still be several years ahead of everyone else at that point.