The ICE alternative is going to disappear in the next couple of decades. A number of countries have already banned the sale of ICE in the near future. Also, several automobile manufacturers have announced that they plan to cease the production of ICEs in the near future. The transition is already happening worldwide. In the next couple of years we will see an increase of EVs entering the market whilst the number of ICEs will decline.Electric vehicles, on the other hand, have a well proven and viable alternative - liquid fuelled vehicles.
However, Australia is lagging behind this trend and already we are not offered the number of EV options that are available overseas simply because we don't buy enough of them. Moreover as the remaining market for ICEs will be getting smaller it will be even harder to get right hand driven ICE models. So we risk ending up with less choice and old clunkers.
And what about the availability of fuel? If the market of ICEs is getting smaller we can expect that there will be less demand, therefore reduced availability because todays refineries are already operating on a knife edge. Fuel prices will increase, whilst the cost of electricity continues to drop.
Not a good outlook in my opinion.