Too little and too late. Draconian measures are necessary to push automakers into compliance and to push consumers to buy. It's expensive unless we want to sell out to China completely, but necessary and in the end, affordable.
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Making cars in Europe is getting near impossible, "draconian" measures mean that indeed no European Automaker will make ICE cars any more, because they will all be bankrupt.
The real problem regulators can't regulate away is that people are not buying EVs, even when manufacturers are selling them at prices where they barely break even.
To quote the article: Analysts note that a 20–25% share is enough to meet the EU’s emissions targets for 2025–2027 and Europe has just reached that milestone.
This of course does not answer the question about which draconic measures the car industry should be subjected to.
Additionally, long delays can be for other reasons than high demands.