It sounds as if you're disregarding early effects of the bans and overvaluing late ones. For example, if someplace bans new ICE car sales from 2032, ten years

It sounds as if you're disregarding early effects of the bans and overvaluing late ones. For example, if someplace bans new ICE car sales from 2032, ten years from now, what does that do for the value of car-related businesses in 2027, five years from now? If you own a petrol station in a city and are offered a lowish price from a property developer, do you close the business? Or do you assume that you can sell at a higher price in 2037? Or if you're looking for a new car in 2027, five years before the ban takes effect, do you think you'll be able to sell your car at a nice price in 2037? As of 2027 there's no ban on selling used cars, but do you trust that to remain?