I think you're greatly underestimating momentum for the change. China and India are first hand feeling the effects of climate change, global warming, cyclical warming or what ever we want to call it. They may not be able to switch off of fossil fuels immediately, but their politicians and bureaucrats aren't walking around blindfolded either. Meanwhile russias barbaric war in Ukraine and energy (and food) blackmail has put Europe (and really rest of the world) on notice about relying on fossil fuels. Europe will never go back to fossil fuels at least in pre Feb 20200 capacity, and is on overdrive to move to non-fossil fuels. Fossils are out, electricity is in. And so will be EVs.