There is nothing fantastic about this idea. In Norway, for example, now 4 out of 5 cars sold are electric cars. And from 2025 they plan to completely stop selling private cars with internal combustion engines.
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Countries like Norway or Sweden are exceptions if we consider other parts of Europe, because they have long since overcome some basic obstacles and due to their natural resources and high standard of living, they can afford to reach some goals much earlier than everyone else. Some data say that in Denmark even 70% of people use bicycles or public transport, and they are not even interested in the state's generous incentives when it comes to buying electric vehicles.
Another important point that we may not have mentioned is that the ban on production vehicles with internal combustion does not mean that everyone will suddenly switch to electric vehicles or some other alternative - all those who own old vehicles should continue to use them as long as they want to - or until the government decided to close all gas stations.
You have noticed a very subtle nuance! Indeed, in these countries, approaches to life, the concept of values is very different from the classical behavior of people living for the sake of "accumulation" and visible wealth. Therefore, the value of the car in these countries has decreased. Many people refuse to become a full-fledged owner due to the lack of a constant need. A lot of people use car-sharing and other convenient services that do not burden wallets. Of course, there will be a layer for which a car is an opportunity to show "its advantages" and "its status".
But I think that in today's situation, Russia has staged an oil and gas terror in Europe, will only accelerate the process of Europeans switching to cars that are less dependent on "fuel for the implementation of political complexes and grievances." Whatever one may say, oil will rise in price in the future - its reserves are not unlimited, and the development of new fields is becoming more and more difficult and expensive. Therefore, the transition to at least hybrids and then to full-fledged electric cars is already in the near future. Yes, with the exception of economically and technologically backward countries with underdeveloped economies, where buying and owning an electric car will be very expensive and difficult