[unhammer]

Though if we keep extracting fossil fuels at the same rate, while electric cars lead to less demand for them, the price of fossil fuels will go down. Then people (corporations) will buy cheap fossil fuel for other stuff (now cruise tickets got even cheaper because electric cars lead to less demand for oil! When it gets really cheap you can heat your outdoor pool in January off a diesel generator.)

Of course, when the price of oil starts dropping, they'll have to extract at a faster rate to keep profits up.