For those who can afford it, absolutely. I spoke with someone yesterday who sold their F350 pickup and partner’s gas vehicle for a Model 3 and a Y because they could no longer justify their gasoline expenses with their driving cycles. The free hand of the market at work. As I mentioned, carbon taxes and EV point of sale rebates for those less well off.

https://www.motorbiscuit.com/tesla-model-3-costs-considerabl...

https://www.tesmanian.com/blogs/tesmanian-blog/tesla-model-3...

If you don’t want to tax carbon and offset EV prices with the proceeds, yes, people of lesser means will experience economic pain in the near term due to apathetic energy policy since the 70s oil embargo. The price of oil will only go up with capital divestments (including refineries at maximum capacity perpetually) and the price of EVs will continue to decline over time. Nothing will spur increased investment in fossil fuels long term in the current political climate. There is no short term fix. You must lean hard into electrification.