> IMO it is close. ... ~40%... increasing by over 1.5% per year and accelerating.
That would have been close 15 years ago. We are already way behind, and suffering warming effects with droughts, and fires, and heat waves, and floods etc. :-(
> Cars last a long time so every ICE sold today is ~26 years of pollution locked in.
I would actually guess that 26 years is more of a maximum rather than an average. But regardless - regulatory measures could enforce increasingly more strict pollution limits, which would make it so that the more polluting cars will not be able to be driven legally without some expensive modifications to capture emissions internally. In fact, this already happens in many countries today, forcing decades-old, super-polluting car models off the road. And the availability of gasoline distribution stations could decrease etc.