"..electric OR HYBRID". A hybrid car still has a gas or diesel engine and needs fuel, just a bit less. So the side effects not yet so severe
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Fuel as a back-up. Side effects will come when some 2M barrels are replaced by electric. Look at 2014.
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Basic flaw in your reasoning is that ALL new cars sold each year represent less than 6% of all registered cars.
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And basic flaw in your reasoning is that all cars are driven same amount of miles. New cars are driven way more.
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Another might be a slightly cooler planet?
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BTW the best noticeable side effect will be cleaner air in cities. Though not too soon because of all the old cars still in use
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