5/6 drop in EU demand will overrun any supply shortage, and will lower the equilibrium price for EV. Currently, EVs are only slightly profitable, so drop in price will make them unprofitable for EV producers....their choice will be to cease selling them, or sell them at a loss. The lower demand rate means that the only viable solution is to raise prices. [Drop in demand will create excess supply](https://www.quora.com/What-is-an-equilibrium-price-and-how-can-supply-and-demand-affect-the-equilibrium-price)