OP sepcifically mentioned EVs. This sector is deflationary even in US, where better value/performance cars cost less every year. More dramatic deflation in less corrupt countries. Australia home solar costs under 1/3rd of US due to different politico-social corruption levels.
EVs and home solar are a great match that permits going offgrid at substantially lower cost if an EV is parked at home during day. That same dynamic allows a society/community to power itself through solar+batteries, and EVs parked at work. It's not a question of look at our corrupt obstructionist oligarchical monopoly state of societies for examples of lack of economic success as proof that it will forever be impossible.