Weak demand, new model ramp up hit Europe's automakers

Weakness in car sales affected mass-market and top-end models alike, with the automakers trying to hold car prices steady and promising improvements as the year goes on and new models hit the market.

"The question remains: is the so-called transition year mainly about model changeovers - or is there also a certain market weakness on the demand side? The latter remains to be assumed, also in view of the high inflation, high prices and weak momentum for electric cars."

While the article is about overall sales, I'm mostly interested in this from the EV side. Do flagging sales mean there is a slump coming and the EV market demand has been saturated or are people waiting for new model versions to make their purchase? Is uncertainty about the economy making people choose to ride it out one more year with their vehicle?