When those people get richer they'll want to drive. We see this all over the developing world. The growth might be less than the growth in mass transit but as populations become richer they become more mobile so the absolute demand will likely increase.
When I got richer, that meant I could afford to move somewhere I wouldn't have to drive all the time. Life is more pleasant here in the "15-minute city".
Certainly not all estimates, right? We can certainly suppose different scenarios, with a large specter from humanity total disappearance to discovery of star gates technology opening plenty of inhabitable world without any actual alien threat existing in the outerspace. Also there can be wide gap in evolution from one government influence zone to an other, even at very small region scale — think Haiti and The Dominican Republic.
But EVs are eating enough market share that combustion cars are likely never climbing past their peak again.