exactly, I remember learning at school that we're running out of oil in 30 years and have ot diversify or peril.

As it looks there will be plenty of oil in the ground before we don't need it anymore.

The developing world, a group very cost sensitive and unlikely to switch for environmental reasons, is putting gasoline vehicles on the road much faster than the developed road is taking them off.

For electric vehicles to eat the world they have to be cheaper than gasoline counterparts. Not only for luxury electric vehicles to be cheaper than luxury gasoline vehicles, but for the cheapest gasoline motorcycle/scooter/car to be more expensive than the cheapest electric motorcycle/scooter/car. Given the current cost materials inside a battery/electric engine compared to the current cost of materials inside a combustion engine it’s unlikely to happen with our current approach.

As more oil is freed up by reduced demand in transport, I wonder whether we will see more cheap plastic flooding our cities. People are switching to electric in part because they are keen to reduce their reliance on petrol (and its cost), but nobody is really moving away from plastic.