Well at this actual moment we are having a complete new electric central heating/hot water system fitted in our 500 year old house in the UK.
This is the type that uses conventional hot water radiators powered by an electric boiler.
Price wise I have heard conflicting reports on running costs but of course it is low maintenance and less aggro so we will have to see.
I wonder in years to come that there will be a glut of the "black gold" that might actually go down in price ? then the generating stations will be able to use it at a cheaper price and make a fortune !
Whatever the majority of the world will continue to use oil based ICE vehicles for years to come regardless to what happens to piddling little England and the Continent.