Quote ="BrisbaneRhino"Bear in mind that 'electric' cars are in effect burning fossil fuels in exactly the same proportion as the overall electricity network. In most countries, 'electric' cars are effectively powered by coal, and hardly cleaner than petrol when indirect emissions are considered. In Australia the cost of electricity is going to continue rising significantlhy, and its quite possible that the running costs of electric cars will be similar to petrol.
As for medium- to long-term oil prices, they will largely be driven by the marginal cost of production of shale oil and similar. Crude prices are already in the region where such previously unattractive methods of production are becoming economic.'"
There are plenty of ways to generate electricity, other than by burning fossil fuels or nuclear. The relatively mature but still-developing technologies of PV cells and wind in combination with the immature technologies of wave, biomass and anaerobic digestion, could all relieve pressure on fossil fuels. Unfortunately they need commitment from governments and the buy-in of big business and if "the market" doesn't see what it considers an acceptable RoI, they will struggle to reach maturity.