current 30% yoy growth is massive. It should not be...

current 30% yoy growth is massive. It should not be underestimated how quick that is. Most businesses would struggle to keep up with that kind of growth. That is doubling size every 3 years. How quick can you plan and build a plant & supply chain to make, ship and sell a car?

Whilst EV sales have increased substantially on percentage terms the capacity at manufacturers is well above current sales. As you mentioned, designing a car and building a plant takes many years to do but after it becomes reality and the market isn't quite there then there is a problem as these plants aren't profitable with lower than planned utilisations. The situation with Ford delaying plans, VW cutting shifts etc are examples of this but even so there is no need to look any further than the price cuts to EV's which have been made necessary by less than expected demand as it turns out that not enough people are willing to pay a high premium for them. EV's will no doubt continue to grow but it will take more government incentives to make that happen or most likely they will find a way to make ICE's more expensive to buy and run in order to get a bigger market shift to EV's. I think most people are on board with the shift to EV's but it might take a bit longer to achieve than expected.