I don't see consumers returning to ICE vehicles in mass; global demand continues to grow despite the policy headwinds here in the US.
EVs are simply superior products, and I think we're past the point of there not being enough traction to sustain the industry. Cheaper, faster, more reliable, etc will win out in the long run over dirtier, more expensive, and less reliable.
On average, there are 20 moving parts in an EV drivetrain, contrasted with over 2,000 in an ICE drivetrain (source: Gemini). Add on top of that the inherent wear involved in containing thousands of explosions per minute to keep an ICE car running vs. the EV motor's relatively low impact method of locomotion, now that we have batteries that provide range the EV is simply a better mousetrap. Plus since gasoline is used ONLY for engines while electricity is used to power homes, it's probably a safe bet that electricity will always be cheaper than gas - before even considering the relative costs of delivery.
We took a road trip from Dallas to Chicago this last weekend, and we were there for 6 days. My wife commented on how few EV's we saw relative to what we see in the DFW area, which seems like Tesla central. She even mentioned how surprised she was that in 6 days in Chicagoland we didn't see a single Cybertruck. Consider: Illinois is the blue state; Texas is the red. Supposedly.