> It would be a big step backwards for society if a new wealth gap is created when oil becomes too expensive to continue running cheap ICE cars and only moderat

> It would be a big step backwards for society if a new wealth gap is created when oil becomes too expensive to continue running cheap ICE cars and only moderately wealthy people can afford cars priced exclusively at "new" values without a 2nd hand market. That's coming whether you want to or not. Once we start pricing in the externalities of climate change into road vehicles (which is beginning to happen, slowly), cars will become increasingly unaffordable to those in the bottom quartiles of income.