Stellantis (Opel/Citroen/Fiat/...) will be all electric by 2026: https://insideevs.com/news/570731/stellantis-electric-europe... Volvo will by all electric by 2030: https://www.autoserviceprofessional.com/articles/8910-volvo-... Mercedes will be all electric by 2030: https://electrek.co/2021/07/22/mercedes-benz-go-all-electric... Volkswagen is converting three factories (Emden, Chattanooga, Hanover) to build electric vehicles this year alone. Ford will be selling 600000 EVs/year in Europe by 2026 (https://cleantechnica.com/2022/03/14/ford-plans-9-electric-c...)

There is a lot of capacity going online.