Scythed chariots can do a LOT of damage to cavalry. More than make up for their cost - they cut through cavalry like a hot knife through butter. Sure, they'll all die, but you just took out the enemy's general and a couple of units of companion cavalry.
Kinda like Ghazi infantry in Medieval 1 :-) That's exclusively what I used them for, in my Seleukid campaign when fighting the Saka and Pahlavs.
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