I've had the same experience. I tried attacking chariots using everything I have. They cut down Eastern Infantry. They beat Persian cavalry. They beat Bedouin Archers and Warriors (both Camel units) and they beat Arab Cavalry. I attack them from behind and my cavalry do stupid stuff and won't charge them directly. They do stupid stuff like circling around and hesitating and reforming and all kinds of other stupid things. On the times they actually charged, I lost a lot of units.
Chariots obliterate everything. Even Cataphracts get cut down in bunches while charging them. It's not just the arrows either. Their melee capabilities are ridiculous, even the chariot horse archers deal way too much damage. Chariots are horribly overpowered right now. They needed a nerf way more than elephants did. At least elephants are expensive.
The only remotely cost effective way I've found to defeat is to shoot it up with them using horse archers. Even then, I take way too many losses to these guys.
It's also ridiculous how fast they move, especially on rocky ground. Even the H2 can't move that fast on rocky ground.
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