Quite a "u-turn" from the bloc which for two decades pushed (through regulation) dirty diesel engines as the solution.
Petrol is 100 units of bad for CO2, diesel is (say) 95 units, batteries are perhaps 20, bicycles 5, good shoes and walkable neighbourhoods 1.
But petrol has cost ($ up front not TCO or non-CO2 pollution) of 20, diesel 22, batteries were 100 and are now 25, bicycles 1-2, and I'm not sure how to make even this level of wild guess for walkable neighbourhoods.
The reduction in cost of batteries is what's made this viable. Before this was viable, diesel was sill less bad.