Note, you don't have to ban combustion vehicles everywhere, but only in enough markets where there is no point for automakers to make them anymore for the remaining smaller markets. Once supply chains are reconfigured towards EVs, and light vehicle petroleum demand is on the decline, the death spiral for combustion vehicles is locked in. They're even half the cost per mile to operate versus a combustion vehicle (per the US DOE Alternative Fuels Data Center).
Suppliers are already contemplating what the future looks like [1] [2].
[2] https://www.detroitnews.com/story/business/autos/2021/04/27/... (An advocacy group representing auto suppliers urged Congress on Tuesday not to back a speedy phase-out of gas-powered vehicles, arguing the shift will cost up to 30% of supplier jobs.) (my note: overlaps with this thread's article, but still has some novel information)
Note, you don't have to ban combustion vehicles everywhere, but only in enough markets where there is no point for automakers to make them anymore for the remaining smaller markets. Once supply chains are reconfigured towards EVs, and light vehicle petroleum demand is on the decline, the death spiral for combustion vehicles is locked in. They're even half the cost per mile to operate versus a combustion vehicle (per the US DOE Alternative Fuels Data Center).
Suppliers are already contemplating what the future looks like [1] [2].
[1] https://europe.autonews.com/suppliers/bosch-may-close-german... (Bosch may close German factory amid move to EVs, report says: Demand for the plant's electric fuel pumps and injection valves will decline)
[2] https://www.detroitnews.com/story/business/autos/2021/04/27/... (An advocacy group representing auto suppliers urged Congress on Tuesday not to back a speedy phase-out of gas-powered vehicles, arguing the shift will cost up to 30% of supplier jobs.) (my note: overlaps with this thread's article, but still has some novel information)