The trend is real, but IMHO the media crashed the EV market because they began running negative stories to hurt Elon Musk.
I think I’d broaden
the blame range a bit.
Lack of chargers
Cost of home chargers
Trust in an unproven
technology
Frequent reported battery
failures/fires
Tire change frequencies
Weather operable conditions
People are waking up to
an EV’s falacies as a
whole.
Not just the media. Also the EPA. As soon as Musk quit being all Dim, the EPA changed the "math" on how many fake "MPGe"'s the Teslas get so that Tesla gets less fake carbon credits. I own an EV for practical reasons, thus I'm sometimes on an EV forum and posted my numbers for this change in MPGe. All of the MPG and MPGe numbers is little more than a racket rating on which car companies suck up to the Dims the most.
I tried to tell my fellow EV owners (mostly leftists) that before getting an EV you have to do your own research because the government lies, lies, and lies. But in some situations, like mine, an EV can be practical as one of two cars as long as you do most of your driving in it (to get the gas and oil change savings), can charge at home, and research ahead of time if most of your road trips you like to take have plenty of fast charging options (your other car, the gas car, can be used for the other trips).
I don't know about EV prices vs gas car prices today, but back when I got mine I'd say the threshold is about 12K miles per year of driving home charged miles is when getting an EV is worth it. We drive ours about 15K miles per year home charged miles, total 24K miles if you include road trip miles.