100%. The average sell price (ASP) of EVs is still too high,...

100%. The average sell price (ASP) of EVs is still too high, especially when considering the higher interest environment we are in. Which helps to support the sales of the price competitive Chinese brands like BYD whom have subsidy backing by their respective government.

Once the interest rates are dropped (which seems to be soon-ish) with the health of economies starting to exhibit signs of problems AND the auto manufacturers prioritise production of lower cost models, then we'll once again see that product & supply will meet demand. Its been a mismatch for the past year and unfortunately a lot of manufacturers didn't take the interst rate rise situation into account. Hence the slow sales of expensive EVs in car lots that people can't afford to buy.

Having said all that, the product challenges and issues haven't helped, have been over-blown in media, but are also to be expected as EVs are still new territory for many of the manufacturers. AND, it will be helpful to have better battery management & charging tech in the vehicles and infrastructure.

Won't happen overnight, but it will... (fingers crossed)

DYOR