If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.
I'd be more than willing to go electric if someone sends me the cash to get an electric, because if I could replace my diesel-guzzling 11yo I would.
You think the planet is gonna run out of oil before it runs out of water.... interesting.
Unfortunately it's not as black and white as that. The alternatives here in the UK are limited. It's basically ICE or electric.
We have a staggering number of people that live in apartments so charging is out of the question except at public charging points and the cheapest I've seen is £0.40/kWh. Most of the fast chargers are £0.92/kWh.
When I get my home charger fitted I'll be paying 6.9p/kWh between midnight and 6am but I have a driveway.
Not everyone can give up ICE cars. The logistics don't add up for many people plus the entire world runs on diesel - every truck, earth-mover, factory etc. relies on diesel in some fashion.