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There is some truth to that because we live amidst a tendency among people who want to live more practically and easily, so they don't really care about costs. The automotive industry continues to make strides in creating a new generation of environmentally friendly cars and we are even at a state of technological sophistication where people no longer need to drive because cars use sensor commands to run them. Even though the market is not big and not yet common, I am sure we will see the development of the automotive industry continue to develop with new ideas offered by its products.
In the next five or ten years we will see how the process of technological development in the automotive sector will continue to develop. When we return to this post there will probably be many other debates that we will discuss with each other. Losses and threats will continue to exist in any sector, including the process of developing electric cars, because there are levels of weaknesses and strengths that place them in certain problems.
Industrial development is indeed expected, but in my opinion this is also motivated by the idea of changing society's tendency to be less dependent on the use of oil (gasoline or diesel). The political and economic situation between western and Arab countries is increasingly heated and oil prices are never stable, so this idea may be part of the government's plan to no longer depend on its oil supply countries.
I don't know, I didn't think much about it, but maybe what I said was one of the reasons behind the idea. Additionally, the government will probably tell us indirectly that bitcoin mining saves more energy than the amount of electricity used by cars.