From WSJ:
The wave of early EV adopters willing to splurge had receded, and the next round of potential customers was proving more hesitant. They had more questions about how far a car could go on a single charge, and the life expectancy of batteries. They worried about charging times, repair costs, and not having enough places to plug in, according to dealers and surveys.
With excess supply (measured as months of supply, one would expect the price to keep falling, until (Quantity Demanded)=(Quantity Supplied).
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