You've got to offset that with the fact no many people will be spending up large on big ticket items, i.e new cars and oil is so cheap they're paying you to take it away.
That is going to back it's way up all up the supply chain.
Most people won't be going for that new EV when their current ICE car works and the running costs of it have dropped considerably, and their incomes have dropped as well or their job security is now threatened.
I reckon this has probably set back mainstream EV adoption good 5 years.
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