I might be bias because my employer is in the middle of the paradigm shift. They've been a major player on the combustion side of things for their entire existence, watching the alternatives from the sidelines. Now they're becoming a major player some of the alternatives because the technology and finances make sense. They have products in the field as small as mini construction equipment (think mini excavators), medium duty commercial vehicles in markets around the world, and prototype grid-scale power sources. Some of it is pure battery, some hybrids of different configurations, and some use other forms of energy storage.
They're going as far as working on a recycling program for batteries that includes finding uses for the remaining good cells in a failed pack. That is something the media isn't talking about yet. What happens to all these lithium batteries when they go bad? I bet Tesla is going to turn a blind eye to the EOL aspect of their products and let somebody else deal with the consequences.
They have all of this is going on while still developing their combustion products. Because the corporate leaders are realists and understand that combustion engines will still play a role for decades to come, in all market segments.
I do believe EV is the future, but not because Tesla or Biden says so. Electric power is just more energy efficient. But I also think the battery tech we have today is unsustainable, and will need a massive industry shift to make it possible. Solid state will be a step in the right direction, but that'll just be the beginning. I think a good stop-gap is range extenders, where an engine acts as a generator, charging a small battery pack, and the wheels are turned exclusively by electric motors. The batteries are smaller and lighter, refilling is just a stop at the gas station, and all the benefits of EV are there.
Regarding the used market. Ford recently announced a realistic goal of 40% EV sales by 2030. EV is marketing talk for anything with an electric motor in it, which includes hybrids that still use a gas engine. That means they expect 60% of their 2030 sales will still be normal combustion engines in 10 years. Those 2030 combustion models will be on the used market well into the 2040's, and maybe the 2050's. I'm better the proverbial $1000 car with a combustion engine will still be on the used market in 50 years. Also, there's companies selling replacement Prius battery packs for $4500. Toyota made it real simple to replace the cells from the cargo area, Rav4 hybrids are similar. You can return your old battery cells for a $3000 core. Making the cost of a new Prius battery $1500. You can find a Prius with a bad pack for less than $5k. So for a days work and less than $7k you can have yourself a reliable daily commuter car that gets amazing gas mileage, and will last you another 75k miles.