Electric cars make up less than 0.7% of car sales. In ~10 years, only around 500,000 units have been sold in the US. Put into perspective, Ford sells over 800,000 pickups every year.
Niche, fad, whatever.
But there is a reason I am glad you chose to use EVs as your comparison. EVs of 1900 and 2010 gave the same issue. In fact, the range of an ev in 1900 was about 40 miles. Not to dissimilar to modern versions.
But unlike EVs that may see thier biggest limitations solved by better batteries or a better charging system, LPS will always suffer from degrading performance over time, have limited capacity, require linear playback, mobility constraints, and be easily damaged. In other words, there are many reasons to not prefer them over other options.
Of course, some argue that modern vinyl is nothing more than pressings of digital masters on cheap plastic. Nothing analog about it. And no reason it shoud sound "better" than a CD.
If a baseball team wins the championship in year one, finishes in last place for the next few years, and then takes second to last in the final year that might be an improvement, but it isn't a comeback.