1. Lower supply of new ICE cars will result in higher prices for new ICE cars.
2. Soon a person will have to choose between constantly repairing his old ICE car, or buying a new ICE car at the govt inflated sky high price, or buying an EV which is also a high price (and may not be suitable for his needs).
3. The political class will still claim they hate big business and are trying to help the little guy even though they're making cars more expensive and limiting your options of car types to choose from.
Every ‘problem’ is a business opportunity.
New companies will spring up that will rebuild and restore your old car or truck to like new condition and at less than half the price of a new vehicle. You will even get that ‘New Car Smell’!........................