For all the bluster that EVs are more economical than ICEs, they maxed out at just 7.3% of new car sales and are now at just 5%.2. A few years ago there were all kinds of hockey-stick projections of their market share growth (some I saw were suggesting one car in every four new cars sold would be an EV by now, and yet here we are, going backwards.)
Moreover, that the demand for EV's has declined is happening despite their prices tumbling dramatically is a rather definitive statement about their perceived utility value in the minds of the motoring public.
