At first I thought you might have been a publicist for business-standard.com but you do raise some interesting points
Demonetisation - the ongoing success of a venture with simultaneous lack of profitability. The ICE business model is failing, and dealerships are going broke. Most of their bread and butter comes from fixing engines that fail if not maintained, but EVs don't fail that often. EV sales are steadily increasing, but the margins are smaller and the initial costs are higher. So there's a shift towards getting more out of the product through things like sharing and renting.
I don't know about demonetisation, but less money per person will be spent for sure.