Yes agree. The EU is a better model. US has a do whatever good for you culture. 75% of fossil fuel burned for commercial use, heavy trucks, police cars , light delivery vans. EV tech is less expensive life cycle cost so this shift to EV will happen. As to waste full over spending by consumers on the other 80% of vehicles not sure that will change. It should but … For sure fossil fuel use for transportation light vehicles and heavy trucks will go to zero.
As folks sell their shinny new cars for new their might be an upside. As used EV supply goes up, the average life of used cars will grow, lowering demand for new. Not sure if this will be significant or not.