The rapid decline in battery costs and public demand is already driving the industry (pun intended). Ten years ago it was thought that it would be virtually impossible to get battery costs under $1000/KwH. We’re now at $125/KwH. The target for the auto industry to be profitable was $250/KwH. In 10 years they will be the more cost effective option.
All policy is window dressing made to appease the masses at this point. The govt is chasing a demand curve thats already going vertical. You’ll know they are actually serious when they stop OMG subsidies and tax incentives. Which is to say, never.
I agree that Li-ion battery pack costs per KwH have surprised most pundits, although I don't think many thought $1000/KwH was unattainable. I think the number most analysts put to attain cost parity with internal combustion is around $100 KwH, which I think most who study these things forecast to be attainable by the 2024 timeframe (albeit, the same analysts that were surprised by the current cost curve).
As far as all policy being window dressing, I think the mid-term elections will reveal a lot about how appeased the masses became.