Hardly. There are waiting lists months long for almost every EV model out there, with many over a year. These are cars that are EV versions of gas models that have no waiting list. What does that mean? Pent up demand. You could ship all of Europe's EVs here and they'd all be bought immediately.
Understanding graphs not a strong suit, eh? Econ101 would be out of the question then.
I'm not sure what part of pent up demand is confusing you.
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.
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