> Even if we assume that 5% of cars will always be fuel burning ICE By the time it gets that low, I agree, they're done. We're a very long way from that. 85%

> Even if we assume that 5% of cars will always be fuel burning ICE By the time it gets that low, I agree, they're done. We're a very long way from that. 85% of cars being sold globally are still ICE, and the population of vehicles on the road lags sales figures by a couple of decades. And even with the increase in EV sales figures, oil demand is not dropping, because the total demand for cars is increasing. But if demand for oil starts to drop due to EV adoption, OPEC is for sure going to make sure it's cheap as hell to operate an oil burning car, and people in the majority of the world where it's still legal will have a huge incentive to keep buying them.