They won't sit on the sidelines. They will become engaged and...

They won't sit on the sidelines. They will become engaged and manage their way into it. Has happened before in other industries. It's been happening in this industry for 20+ years. Battery vehicle businesses have been bought out since the 90's so the petroleum companies can preserve their market share.

Only way it really changes is when governments impose bans or incentivise the change.

My opinion is EV will become the norm. How long that takes I have no idea. The big guys will do their best to make sure it only happens when they are ready. I hope they lose that battle.