As a child, I loved to read Jules Verne's 20,000 Leagues Under the Sea.
The hero of this novel is the legendary captain Nemo (aka the Indian prince Dakkar). Captain Nemo built a submarine called the Nautilus. She was completely powered by electricity! All Captain Nemo's underwater equipment also worked exclusively on electricity - guns with electric bullets (with which he killed all the pirates), diving suits, etc.
You missed the part about producing the electricity in the first place, which kind of ironic in this context, was done with coal:
I also think that the big oil producers will not just accept that their black gold becomes less valuable with the potential to become completely worthless in the future.
Some of them will just move to other ventures, as
Aramco is already doing it,
Shell has 90 000 charging stations already and plans 500 000, the world has learned how dangerous is to rely on energy imports and everyone wants it produced locally, and the ones that thought they could blackmail the world with it are in for one hell of a surprise.
If somehow the EU manages to finally silence the hardcore eco groups, those that oppose everything, and go ahead with PSH systems to balance the grid, it can drive the prices of operating a EV car so much it won't matter to the initial difference in cost anymore. Plus, there is always the hydrogen fuel cell car, one that
Musk doesn't like!