🗨️ Fui
Cars get old. Wealthier people can afford chasing the next shiny thing, so they move on to newer models. That increasingly creates a market for used electric cars. Prices drop with increased supply. That then triggers demand. And as this trend starts gaining momentum, the market grows exponentially. The same is true with the reverse. As the ICE market shrinks, the availability of models and parts also shrinks. That increases the prices. Higher prices lowers demand. Etc.