A carbon tax will reduce the living standard of everyone, and it will take time for society to readjust. I really think the economy will tank and take a lot of time to adjust to a green economy, as it's not only electricity, transportation and meat: it's also the production of cement and steel, landfills, chemical production, crop burning and deforestation, rice. There are tens of little things that once combined, emit a lot of CO2.
Road transport is only 12% of co2 emissions. So to be clear, electric cars are nice, but they're solving almost nothing.
Since humans generally compete against each other for everything, and since we live in an age of individualism and not collectivism, I'm quite pessimistic about humanity reducing their emissions, because the air is the single thing that is collectivized.
Edit: fixed grammar