However, there have been many industries that have been modified by top-down bans. Asbestos, various pesticides and lead additives (fuel and paint) have been banned due to the harm that they caused and there's a strong case that ICE vehicles cause a lot of problems through their emissions.
[1] https://business.gov.nl/running-your-business/environmental-...
It worked and the world is a better place because of it.
It’s about systems thinking and pushing in the direction for desired outcomes. There will always be leaks or drag, but usually in de minimis amounts. Banning ICE in 2035 forces supply chain reconfiguration today, hopefully done in a way that locks in the changes (similar to turning down coal plants and demolishing them).
Regulation has done wonders in many cases where the market just can't adjust for externalized costs and dangers well enough.
For example, should DDT have not been banned but eliminated through a "bottom up" process?
problems like this need fixing—quickly—and the idea that a ban is unfeasible is simply propaganda for vested interests. perhaps not directly extolled, but a result of the free-market propaganda machine of Friedman et al set up in the 70s and 80s to disseminate these ideas at all of our expenses