Okay... but what will happen when gasoline (and diesel) prices do come down when the stuff
becomes abundantly supplyable because of way more drilling...
and at the same time EV tax credits are canecelled?
American carmakers already have a hard time selling EVs. Chinese carmakers may even
deal them a death blow... unless of couse Trump will raise import tariffs.
Petrol/diesel isn't free (production/transport). More people will get solar, Solar, Wind and Storage will be cheaper. Could be stymied by policies, that's true.
It's complex, the whole set of products depend on others being sold. Electricity and other inputs like cobalt are needed for
refineries. Transport by ship, road etc costs money. There's a
floor on the cost of oil products.
As transport moved more to EVs, fuel demand goes down (scooters already had an effect, because they're huge in Asia). Pollution standards on ships (especially in coastal waters) means less of the worst fuels (bunker oil/fuel) are in demand. Some fuel tankers in Scandinavia are already EVs. New ships will have electric drive for coastal waters, more efficient fossil fuel/hybrid propulsion for oceans. This might affect economics of whole oil business. Petroleum was a over supplied/near useless by-product looking for a market at one stage.
I forget source, so maybe not true, but I remember reading that 40% of all transport (sea, road etc) was fossil fuels. As less fossils needed for cars, less diesel needed for tanker lorries, less diesel by tanker ship, less bunker fuel to fuel ships. Virtuous circle. Also, in many countries lorry drivers are getting harder to find and more expensive. Electricity is virtually universal, perhaps needs higher capacity.
American carmakers already have a hard time selling EVs
Yep, but that's down to the products and dealers. Not efficient - design, battery sizing, operating.
Import tariffs will only work if Mexican-produced cars will be affected, which they could be.
I'm in the UK and it's my opinion that self sufficiency has been held back by lobbying and lies (fossil fuels>lobbyists>media>politicians) - we could have been near 100% renewables for electricity generation years ago. That would have reduced economic case for gas investment.
One part of Elon's message is that ALL subsidies should be cut - including to fossil fuels. That's unlikely, that's probably a key part of future electrification of the USA and the World