It has already been pointed out, electric vehicles predate ICE, they have had as long or longer to develop their product. Advancement in batteries and associated technologies have come a long way recently and will continue to come. I am assuming EV's and hybrids will continue grab market share. 

This is where we will likely disagree. As far as I have been able to determine, horse breeders, buggy whip and carriage manufactures did not subsidize the development of the horseless carriage. The transformation from horse to automobiles in populated areas was largely accomplished in a little over 2 decades, Tesla has been incorporated for over 10 years and delivered its first car 9 years ago. Of 1.5 billion vehicles currently on the road today EV's have a .15% percent market share, up from .1% the previous year, despite millions in taxpayer subsidies and millions of dollars in green credits purchased from them by ICE manufacturers, as mandated by federal legislation.

Wish I could stop that.