So, despite the collapse in the prices of EVs, sales of EVs have...

So, despite the collapse in the prices of EVs, sales of EVs have declined; i.e., demand for something going down as the price of that thing falls.

In economic parlance, as the supply curve has moved to move to the right, thereby lowering the price, the demand has still shifted to the left anyway.

That situation - which defies the conventions of economics - defines what economists call an inferior economic good.

Which says something about how poorly EVs are perceived (in the minds of everyone, except the rabid, economically illiterate idealogues).


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