Yep. Politics is part of the reason too. But only part of it. Most Americans can't afford a new car even if it's cheap. That's why new car sales are so low. The tax credits helped a lot of people buy EV's. Now that the current Admin has gotten rid of the credit people aren't buying or leasing them but people can't afford the pre-owned vehicles either.
So what I'm saying is, people can't afford to buy used EV's either.
https://www.caranddriver.com/news/a70020914/why-2026-will-be-a-great-time-to-buy-a-used-ev/