I think one of the reason is most non uber wealthy people are putting a hold on car purchases right now until EV prices go down. We are in a huge transition ph

I think one of the reason is most non uber wealthy people are putting a hold on car purchases right now until EV prices go down. We are in a huge transition phase, with lots of inflation everywhere. For most people EV are still too expensive or inconvenient [1] and they don't want to buy a new ICE car or start a 5y leasing on a car they may soon not be allowed to use wherever they want.[2] Also they fear they won't be able to resell it. It makes more sense to keep that old, already well depreciated old car or buy a fairly recent second hand ICE, hybrid or EV that has already depreciated a lot. My only non muscular vehicle right now is an ICE motorbike. There is no way I can afford an EV car and I don't want to deal with an ICE car I won't be able to sell for more than scrap value when EV prices will go down. [1] if don't have parking space at home. [2] many big cities have started banning diesel cars in center, will probably do the same for gasoline soon. ICE cars will soon become unsellable.