The high gas prices may have added fuel to the fire, but the best news here is that used EVs are growing in popularity. That is a consequence of us finding out batteries don’t degrade as fast as we first imagined, which makes used EVs a lot more interesting. In the short term, that kills the market for new EVs, since used ones were so dirt cheap. In the long run, the resale value of new EVs will be much more stable, eliminating the last downside they had. (Obviously, many car makers saw the short term pain and gave up on the entire market. That is of course because car maker CEOs are absolutely brilliant people with foresight and strategic thinking. Just kidding: they occupy the only category of jobs that should absolutely be replaced by AI.)