No impact on the oil industry, or the motor oil industry.
I drive a lot, mostly interstates, generally in support of our flight department.
Here is what I see. The interstates are clogged with very capable vehicles. From private cars, pickup trucks and SUV's, to smaller utility trucks and full size multi trailer trucks. One thing is abundantly clear, the energy requirements of interstate travel is far beyond electric vehicle capability right now.
I left Florida on Fri night with my Uhaul full of very heavy tools, towing my Jaguar on a dual axle trailer, drove all day Sat, up through VA, WV, MD, PA and eventually to NY on Sunday night. I got 7MPG. Sorry, but that trip is currently impossible with electric power.
My point is that I was not alone. The interstates are chock-a-block full of motorists with very high energy needs.
I see plenty of Tesla cars around town. Very few on long trips.
Even if we double battery capacity, 500 miles of interstate range simply is not enough. And spending hours charging for full range will continue to be an issue. It's been said that EV vehicles are unique in that sometimes going considerably slower gets you there faster. As one can avoid a long stop for charging. The 330 mile range Model 3 can do 230 miles at interstate speeds.