Nope, it needs governmental regulations.

Financing-wise renewable energy has long surpassed fossil fuels. It’s not capitalists in general blocking the change as they would make a lot of money. This is very specifically about a small amount of individuals making their money in fossil fuels and spending a lot on lobbying to slow the transition down as they try to squeeze as much out of their business model as possible before it runs against a wall they can already see (but try to hide from the consumer).

The same is true in other sectors, for example in traffic where totally insane bullshit gets pushed (hyper-loops, air taxis etc.) as magical alternatives to actually working public transport. That’s also not some business that will ever make money. It’s a diversion by people who want to keep making money in a very specific field (CE cars) before that whole sector also dies off. Also the scaling effect in EV production as well as improvements and development still have a massive potential with much money to be made by the people investing into a still developing and growing market. Unlike the dying market of combustion engines that competes on miniscule optimisations of the status quo still possible. Yet the very same companies knowing that combustion engines are dead and not even working on developing a next line but instead focusing on electric drives, still do marketing like the opposite would be true so they can sell that trash with no future perspective as long as possible.

There is quiet a lot to say against capitalism, but at the moment we don’t have a capitalism problem (at least not where climate action is involved) but one of corruption that helps a few people to keep failing businesses alive a bit longer at the expense of everyone including capitalists in the future businesses that will replace them.