Stated another way, we could (hypothetically) stop building coal and gas fired electrial generation and we'd still have enough renewable growth to cover electrical needs.
There's certainly room to start offsetting non-electrical power usage, but that's a different ball game entirely. I'd be pretty happy if we got to a point where only transportation ran on oil. To do that, we need enough renewables to both offset growth (done) and to start shutting down non-renewable generation. Even if we did nothing, those plants have a usable service life of < 100 years so we're within a human lifetime of not needing them anymore.
It's even better than this appears, because normally a Joule of electrified work replaces 2 to 4 Joules of fossil fuel. And electrification tends to happen on the less efficient processes first.
https://en.wikipedia.org/wiki/Floods_in_the_United_States_(2...
That's good progress but it does raise some new cost barriers to get over for each new thing we electrify.
EVs are over this hump, heat pumps replacing boilers are just about there. Some industrial uses are getting there.
Notably, in electricity renewables went through being cheaper than new build and reduced further in cost to being cheaper than running existing plants.
We're not quite at that stage for many electrification use cases, though for growing nations without lots of existing assets that's not as relevant.
[1] https://www.sciencedirect.com/science/article/pii/S036054422...