[jiggyjace]

I feel like EV market penetration would need to be pretty insane for a society to be less vulnerable to oil price spikes. For context the US is around 5% EV penetration currently. I don't think that number includes recreational vehicles like RVs, motor boats, motorcycles, ATVs, 4x4s, etc. (most with 0% EV penetration).

But then you have the aspect of electricity generation. Did you know that the US currently generates 4 times as much electricity from oil as most renewables only excluding nuclear (hydro, solar, wind).

Our society is steeped in oil, it's beyond cheap, and there's no indication it's ending any time soon.

[philipkglass]

Did you know that the US currently generates 4 times as much electricity from oil as most renewables only excluding nuclear (hydro, solar, wind).

This is incorrect. As of 2021 the United States generated about 0.5% of its electricity from petroleum. It generated 9.2% from wind, 6.3% from hydro, and 2.8% from solar.

https://www.eia.gov/tools/faqs/faq.php?id=427&t=3