Trump is about to end the $7500 EV subsidy in the USA, unlike the road tax, benefit in kind tax and ZEV arbitrary mandates which distort the market here. QE, or the state buying its own debt by money printing, caused rampant asset price inflation, but for most, the “ pound in you pocket” to quote Harold Wilson and recently, robber Reeves, buys a lot less of the things that we need. Don’t see and end to AP increases in a future of stagflation for grossly indebted UK
BYD, as a battery manufacturer, can build its cars at a fraction of the cost of the socialist EU. Why its high APs? Terrible residuals perhaps, but who knows?