I have no idea what the CO2 impact would be and don't really care that much ("cutting CO2 will reset the climate to some state we like" sounds like wishful thinking and most of the talk in this space is ideologically coloured I don't even want to pay attention) but the improvement in urban living is going to be undeniable.
When the pandemic arrived here back in March 2020, and nearly everyone suddenly stopped leaving their home, it was eerie: the air where I live (in the middle of a major urban area) suddenly smelled as if I was in a rural area. It was something I wasn't expecting to see so soon; I have for a long time been rooting for EVs to arrive and make the air quality better, but unfortunately EVs are simply way too expensive yet (so far, I only have seen an EV once, and it was an i3 with a range extender; and I do live in a major metropolitan area).
Don’t get me wrong, electric is much better, i’m only nitpicking since you said “eliminating”
There's also the idle engine rumbling noise while waiting at stoplights, which does not exist on electric cars.