I think the "waning demand" for EVs is very much due to the high cost of housing. Real estate costs are sucking the life out of everything else particularly in big cities like Vancouver.
Gift link below:
https://www.wsj.com/business/autos/ev-makers-turn-to-discounts-to-combat-waning-demand-3aa77535?st=d319ssw2jnl4upg&reflink=mobilewebshare_permalink