I think the better news (from https://www.transportenvironment.org/articles/ev-progress-re...) is:

“Carmakers' own statements to investors put electric cars at profit parity with combustion by the end of the decade, and BMW and Volvo Cars say they are already there on their newest models. Price and margin parity comes from scale.”

and

“Renault makes higher margins on its smallest electric models than on its larger ones, and Stellantis expects its ~€15,000 e-car to reach cost parity with ICEs in 2028.”

So, they aren’t only building (small) electric cars in order to meet EU emission regulations anymore.

That page also has bad news “Car CO₂ emissions are barely falling”. I think that’s mostly a matter of time, though. Even if all car and truck sales would be for fully electric vehicles, it would take decades to get rid of all ICE vehicles.