Yes
@Black Cat , we know the Europeans went nuts over their leap into EVs (VW boss laid down the law, cut costs or we go broke) - Yanks too. Now they have to take money out of their vehicles to make them affordable. And they will.
(I worked in the Automobile Industry and I know how ruthless 'Purchasing and Supply' can be. Plastic seats, cheaper batteries and electronics, less paint and cheaper clear coat)
But the vehicles will still be EV
And mate, talking about where we should put our money I have been looking and investing in the REE + Nb tenements in the West Arunta from WA1 to near Coyote - there are some very interesting mag highs there, any one of which could challenge CBMM for dominance in the Nb space.
But while we talk, Gina (Hancock Mining) is buying lithium stocks hard and fast - pretty clearly their research says EVs

That's $17.5 mill in one day on $300mill Capped DLI.
And just as a heads up, not promoting, there is another micro cap ASX Nb in carbonatite play in Canada called Bindy (BIM). Drilling their Nb targets.
GL all, Not advice.