clevedon:SaltyNZ: We may or may not be awash in 'cheap oil' right now - if so, I haven't seen it; petrol is still around $2.10-$2.20/L around here - but the thing about oil is that a) it is going to run out, b) most of it is controlled by the most unstable, human-rights-abusive regimes on the planet and c) Mazda notwithstanding, most global manufacturing groups are going all out on EVs in the next 5 years. If Tesla went out of business tomorrow, that would be sad, but it isn't the end of EVs.
In fact, even Mazda is currently in a partnership with Toyota to exchange their SkyActiv engines for Toyota's hydrogen fuel cell technology.
Looks like there will be plenty of oil around for a while yet. The second and third to last paragraphs tend to sum it up.
There’s another 300 billion barrels in the US too