* Shale production is not nimble, and OPEC can always profit at lower prices. Saudi Arabia can profit at $12/barrel. Shale is barely profitable at $40/barrel, and needs $50-60/barrel to really be worth the production.
* Gasoline cars are twice as expensive per mile to operate compared to electric cars. EV drivetrains last forever. The internal combustion engine is not long for this world (witness how badly VW had to cheat to pass emissions standards). OPEC participants can't balance their budgets at current market prices, so the price must go up, making EVs even more attractive. [2]
Mind you, I don't really care if you agree with me. We're already on a trajectory; I'm simply describing that trajectory.
[1] http://www.utilitydive.com/news/how-wind-and-solar-plan-to-t...
[2] https://avt.inl.gov/sites/default/files/pdf/fsev/costs.pdf (warning: pdf)