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I doubt even mass vaccination could eradicate the virus since sterilizing immunity for coronaviruses doesn't last that long. The 1889 pandemic, likely the last one to involve the introduction of a new coronavirus, gifted us the most prevalent of all common colds today - betacoronavirus OC43.

That being said, the efficacy of these vaccines is coming in waaaaay above expectations. For all the trouble it caused, the virus seems to interact in a fairly mundane manner with the immune system, perhaps even on the lower end of effectiveness as far as respiratory viruses go.