Fossil fuel based industries die. It just is what it is. The good news is that this happens once and right now the boomers are retiring. So the job market will not be horrible. But it is also important to understand that 30% of cars made in Germany are already fully electric. The industry seems to be able to survive the transition pretty well.

That is not the case for some other countries and companies though. Stellantis looks set up for a blood bat as do the Japanese.