Don't forget the "other" factor that has not (YET) come into play.
The availability and cost of gasoline.
Currently it's readily available and fairly affordable with the price going up continually.
Can or will that last?
Short term (my lifetime, and I'm old)... probably.
30-40 years from now (I "probably" won't make it there, but many of you will) I believe fossil fuel will eventually be a very limited product and priced out of the common market.
That'll take the ICE engine mass production with it.
I have a feeling that the drive for all the major vehicle manufacturers getting into the electric vehicle market is because there will be a day when gasoline is either not readily available, or is expensive beyond affordability to pleasure ride. Or even commute.