The Great Narrative: Fake market – Electric vehicles market tanks as new EVs sit unsold on dealers lots.

"Volkswagen may close Brussels factory as low EV demand hits Audi." "Automakers have been hit hard by lower than expected EV demand after investing heavily in capacity and technology development."

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"Have you noticed the increasing number of new EVs sitting unsold on dealer lots? In times when EV market supply easily exceeds 130 days, we can’t stop wondering about the future of the electric car market. 

"The EV growth has slowed down and that isn’t exactly in accordance with predictions EV makers had, as they increased EVs production significantly. There's more to the story than meets the eye in the EV market. Used EVs are cheaper than ever. Prices of electric cars depreciate so fast that some see used EV models as a great opportunity to enter the electrified world. Studies show that used EV prices fell somewhere around 30 percent in September and October 2023 from the same period in 2022. But at the same time, there must be a reason why used EVs are not reliable and depreciate extremely fast."

More in the Chase Car video.