Energy sources in the world will keep on becoming more and more expensive, and that is why EV and every possible renewable energy source will be able to get ahead of the old ones. Not because they are more efficient or they are more green, because they are more cheap.
For the billion? trillion? time!
Renewables are not cheaper.
Who leads the renewables charge in Europe? Germany and Denmark!
Look how electricity prices have evolved in those two countries int he last 10 years.
Who leads the renewables charge in the US? California! Closing fossil fuel powerplants and even planning on shutting down a nuclear station.
Renewables are not cheaper! They are more expensive and more unreliable!
That's why mining in China was done with coal powerplants, that's why mining in the US is done, guess what, from coal and nuclear-powered energy.
Nobody is putting 100 millions into panels but in coal powerplants.