Yes, that is today’s snapshot.
But why do you assume that electricity generation is stuck at inefficient fossil fuels.
Electric vehicles clears out the demand problem.
The problem of the supply is the other half of the puzzle.
Considering the advances of fussion power (see CFR, way more efficient than ITER), we might have our first overunity reactor within a decade… which would be both modular and portable.
Even if we don’t harness the power of the sun, SolarCity vision is to generate enough power from photovoltaic panels to power the US.
Even if we don’t reach that objective, there are plenty of projects out there trying to still harness the thermal power of the sun by CSP (Concentrated Solar Power) within 3 years.
Also even if there are no advances with the sun at all, which is by now quite ridiculous, we still have the old fission nuclear power. There are efforts in going back to the safe Thorium-based nuclear power which was boycotted by the US military because it was deemed TOO SAFE (it was impossible to build nuclear bombs with it). The thorium reactors are impossible to meltdown, and it could supply the world’s demand of energy without waste
And even if all these multiple sources of innovation I mentioned fail: well, requiem to human ingenuity then.