Only public transit cuts emissions massively.
EVs cut lifecycle emissions to about 45%. [UCS][ANL][MIT][IEA]
Public transit cuts lifecycle emissions to… about 45%. [IEA][AFDC][USDOT]
Neither is a magic bullet. Both get their asses kicked by bicyles. Both get better with increased passengers per vehicle. Both can be fueled with renewable energy for additional reduction. Both can be manufactured with renewable energy for additional reduction. Both take surprisingly equivalent amounts of steel, aluminum, and glass.
Public transit offers unique advantages from an urbanist perspective and the liveability of cities, but that’s objectively different from emissions reduction.