All over the world countries are banning ICE. The US won't because of "muh freedom" but economically it's impossible to keep making them. When China and the EU switch to EV the world will follow.
Once that happens petro will be left to things where nothing else will do. Things like farming, or heavy construction where you are using a lot more energy than batteries can supply: these are already diesel. And a few collectors, but the 1957 Chevrolet is something you only drive in parades anyway.