Electric vehicles are still a niche until battery technology improves so I'm not ready to declare the death of the internal combustion engine yet. When this Covid garbage is over oil will be back I'm confident. While "green" energy is all the rage in the U.S. and Europe, China and India don't give a damn about it and they will be buying a lot of oil when things are rolling again.
Gas vehicles don't have to be dead though. Even if there's slowly eroding demand, that could be enough to put a ceiling on the sector long term. I don't have to like it to see the writing on the wall. Plus, I can tell you that telecommuting is here to stay for a lot of businesses. Even after the lock downs are over, there will be a net loss off business commuters.
