Its often the second biggest investment in one's life, after housing. But unlike housing you just throw money at it, expecting pure massive loss, while gaining service. Service new car offers is 100% of used one which is well maintained, minus all potential initial recalls. Its even better for peace of mind - small dents and damage on new car hurts mentally so one becomes a slave to freakin' piece of plastic and metal, on older one its meh category and I focus on important parts being in good state and high quality wheels connecting me to Earth, while driving much more premium equipped cars than comparable electric ones (granted, ie Porsche is better but at what crazy price).
What electric cars bring within same requirements is 2-4x more expensive just to purchase, and TCO are stratospheric for what I am willing to accept.
Another point is environmental impact on all that battery chemistry destroying ecosystems of some poor countries electric drivers often never even heard of nor visited, it ain't greener car to manufacture by any means, albeit greener to run for sure.
So there you have it, the reason 80% of ICE driver's reasons to stay where they are, at least for another decade or two. And that's just purely civilian family transport. What comes after those decades we can discuss at that time, nobody knows what situation will be at that time.