When a company like BP predicts peak oil in the near (-ish) future, you know that its real. I liked the balanced views in the this piece that point out the transition will take some time:
BP's latest Energy Outlook sees peak oil on the horizon for the first time -- driven by the rise of shared and autonomous electric vehicles.
Under the Evolving Transition (ET) scenario, which assumes that policies and technology continue to evolve at a speed similar to that seen in recent past, oil demand slows and eventually plateaus in the late 2030s.
BP Forecast: Shared, Autonomous EVs Will Help Drive to Peak Oil Before 2040 | Greentech Media : https://www.greentechmedia.com/articles/read/bp-forecast-autonomous-electric-vehicles-peak-oil