Hi Termoil,
You are distorting what I said, how is legislation to improve vehicle efficiency x2 "legislating away the ICE"?.
Walking was the only method of travel in the European middle ages, so villages were generally spaced 3 miles apart, because a 6 mile round trip was considered about as far as most people would be prepared to travel. Now some people walked across Europe, but they were the exception.
Our cities cannot function as they exist now or could exist in the next 25 years without some form of individual transport and some mass-transport. Both are needed. At best we may be able to go half-way to having a city-wide Metro in 25 years. So we will need at least 50% of the VMT that we have today, based on cities in Europe with much better mass-transit than is likely to be build in Australia or NZ, and higher population densities.
If you think we will have 50% of todays oil supply available in 25 years you are very optimistic.

If you want to keep a Commodore parked for the next 20 years, that's your choice. I sold my 1989 model Commodore a few years ago for scrap, because I couldn't afford a vehicle using 14L/100Km, and replaced it with a 6L/100 Km vehicle. If you think petrol is going to be 50cents/L, I made a poor decision, but if its going to be >$2/L it was a good decision.

The least painful solution for a post peak-oil world will be to replace ICE vehicle transport with electric. I doubt that there is going to be much choice, it will be electric vehicles, electric trains/trams, bicycles or walking. Then again, we could go back to good old reliable wood and coal burning steam cars or horse drawn transport! I wonder how I will manage using my Lap-top on unreliable Li batteries?