No, I strongly disagree that this reduces the CO2 emissions. Reason: the oil extraction infrastructure is still there and oil is a global commodity. The outcome

No, I strongly disagree that this reduces the CO2 emissions. Reason: the oil extraction infrastructure is still there and oil is a global commodity. The outcome will be as follows: All old ice cars / trucks are shipped to countries with lower income niveau and the oil will be sold there for a lower price.