I agree that it's the demand that has to change. I've come to the view though that the easiest way to do this is to have the consumer pay a higher price, the "REAL price" as myrkul said, the one determined by a market that uses unprintable money. A free market economy will make efficient use of the resources. It will also look into the future and foresee resources being used up and take action (for profit, of course).
and that's exactly why i don't think it will work.
The market can be efficient at connecting a seller to a buyer but it doesn't care about humans.
The humans participating need to care about that. That is the only way the market will ever care.
And a rising price
makes people care. Look at the 60s vs today (in the US). In the 60s we had huge muscle cars, with gigantic engines, roaring out pure, unadulterated power, and eating up prodigious amounts of fuel to do so. Today, we're starting to see smaller, European-influenced cars, even hybrids and full electrics. Why? Price of gas went up. It's not all gone, but we've already decided it would be a good idea to reduce our usage.
Sure, but it was education and awareness that brought us electric cars on an industrial scale.
The economic reality of change is that there needs to be a driving force for it. But by just waiting to let the market correct for it in the case of resources you will make it nessesary to compete with the price of these resources untill they are depleted enough to be more expensive then the new tech.
That is not what you want...
You want to
prevent the exhaustion of a resource.
And the market does not help us prevent that.
If we didn't change society to prevent air pollution in the 70s then we would all live in smog everywhere. Such changes are not brought about by the market. They are real changes in society and expressed in laws and governance.
Government is not
all bad. Not
all institutions are useless.
In fact, i'd say
most institutions are important for society.
Edit:
Also, cars change because car use changes.
Things like road quality, population density, income, work habbits, etc etc all decide how a car sits in the market.
Please explain to me what the 'recent' wave of SUVs was all about and then tell me again that the market would be able to regulate something like an oil resource..
The so-called self regulation of the market would just take the resource from the people that cannot pay for it and leave it as a luxury for the people that can. Even if the people that cannot pay for it need it more.
We have a market for electric cars becasue we taught enough people that we should make a change.
The market doesn't care and serves what we whish for as long as it can provide.