To be quite frank as you produce more cars, the price of EVs come down and takeup increases just like any other invention. Take the computer, developed in the 1950s, further refined in the 1970s but takeoff didn't happen to the 1990s.
The actual point is actually China. At the start of the 1990s its vehicles per capita was less than 50, way less than developing countries. This is the market that has the growth potential as China modernises and therefore vehicles per 1000 people increase - and the vehicle ownership per 1000 is still way less than many other countries despite increasing 3 to 4 fold in that period. And then over time you expand into the growing USA /European, especially European where petrol prices are sky high, and Australia.
For stats have a look at this and China has a long way to go before vehicles per 1000 people resemble other Nations (albeit given the population and congestion in cities, I doubt it would go above 400 vehicles per 1000 people in China but that is still significant potential from where vehicle ownership is now). And EVs are not limited to cars - try also scooters and buses etc etc. And don't forget China has a large internal vehicle manufacturing industry, and in the GFC China focussed growth internally hence why Australia also didn't go into recession - meaning growth can prevail were the US economy to stall via China looking internally to modernise the population as it did back in the GFC. All IMO
https://en.wikipedia.org/wiki/List_of_countries_by_vehicles_per_capita
https://www.rba.gov.au/publications/bulletin/2011/mar/4.html
Anyway time will tell.
All IMO
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