I don't understand how this can happen. An equilibrium seems more likely to me.
If massive amounts of people move to electric vehicles gas prices will fall. This will make combustion vehicles more attractive.
Also, government depends on all the taxes they put on combustion vehicles. As those revenues decline they may choose to get that money from electric vehicle drivers under the guise of 'congestion' taxes or such.
If massive amounts of people move to electric vehicles gas prices will fall. This will make combustion vehicles more attractive.
Also, government depends on all the taxes they put on combustion vehicles. As those revenues decline they may choose to get that money from electric vehicle drivers under the guise of 'congestion' taxes or such.