Except you don't save much by "getting rid" of car #2 because it is already a non-recoverable sunk cost. You could save money by not acquiring car #2 if you don't already have it or if it is time to replace it. But what are you going to do with car #2 that you already have? sell it? There isn't going to be much of a market for used gas guzzlers and any car loans are likely to go upside down like mortgages.

Now, there will be some market. Some will go the route of buying a used car rather than buying a new car with lackluster performance and buy a 100MPG+ car when those become available. Even a Prius only gets around 50MPG.

And with oil going up at 30% per year (give or take some recent fluctuations) or 14X per decade, it doesn't take that long before the marginal cost overtakes the upfront cost.

You save insurance, maintenance and repairs and licensing. As the market value of gas guzzlers plummet, the annual overhead cost becomes a larger share of the full fixed cost of the second car.