The motor vehicle was vastly superior to the horse and cart in...

The motor vehicle was vastly superior to the horse and cart in terms of speed, flexibility and not having to feed it when it was parked up.

EV is still inferior to the ICE in terms of TCO and in most countries will need massive investment in power plant capacity and grid infrastructure and huge subsidies to make a transition for more than the 10% of vehicles driven by the virtue signalling yuppies and wealthy show-offs.

It will transition out of necessity over time. I estimate that will be circa 2040 and expensive oil is part of the equation to drive competitive TCO for EV. A caveat - govt legislation could hasten the transition with tax penalties (govt loves tax), I hold uranium & copper stocks as my primary hedge for that event.