Is the EV transformation of the market over hyped ?

Of course it's over-hyped. If it's all over the news then it's overhyped. EV's are not going to be outnumbering the ICE powered vehicles for many years. There are just too many markets where the ICE is a better choice. I can certainly see EV's taking over in large cities, but even there taxis will probably not be a good choice since they need to put in lots of miles/hours.