I like the sound of a nice I.C. as well, I'm just not so sure it's viable for much longer.
Electric is/would be a viable option today, IF manufacturers would do it right, Tesla and Nissan show there's a market. Unfortunately, Teslas are not cheap and Nissan and GM dealers (in the case of the Volt) really don't understand how to sell them, or worse, don't want to because they get less money from repairs on them (mechanics loved it, but dealers HATED the EV1!). Only the informed public comes in to look and then they have to go to the back of the lot to look at them and they probably know more than the person trying to sell them the car. There's nothing I hate more than pushy sales person who knows less than I do about the product they are selling, if you stand in front of me and read from a cue card or the spec sheet, I don't need your help.
I think the IC's on life support. Companies don't want to change and the dealers love the profits (parts and repairs were the only thing that kept Chrysler going as long as it did), but Tesla was a shot across the bow, Nissan was a second warning that things were changing. You may think it's stalled, but look at the latest supercars, almost all are hybrids or electric (who saw that coming?). The major standout is Lamborghini, who was dead set against a hybrid, but look who owns them (VW who also owns Porsche), and look at how their car stacks up against the latest from Porsche, Mclaren, and Ferrari, their car aged 5 years the day those came out. You cannot beat the hybrid supercars with IC, and the same will happen on cheaper cars. On them, it will simply be a stalling measure to keep the IC going longer or get longer range, but the IC's role is going to diminish quickly I think. Companies who don't or refuse to change, are going to become niche or die.
Add in what's now happening due to VW's cheating, governments are now looking much more closely at emissions and fuel efficiency, along with tighter restrictions things are only going to get harder and harder to meet emissions requirements. If it comes down to 70's and 80's style malaise cars with no power or building electric (or hybrids), buyers are going to opt for the hybrid or electric since we now have the option. The same could happen if gas suddenly goes through the roof again, I'm convinced cheap gas is an effort by oil companies to hold off the coming storm. Look how much alternatives surge every time the gas prices do, and each time we get a little closer. That right there tells you we are on the cusp of a major shift. Yes, we talked about solar and such in the 70's and 80's but the only alternatives to gas that sprang up were either Diesel which was destroyed by GM last time (and VW this time) or were small companies and and crackpots who had no chance of succeeding. This time you have major companies involved and the public is asking for it and that's a huge shift.
But again, we come back to manufacturers and dealers, their reluctance is the problem, a proper hybrid full size truck, Mustang or Camaro could and would sell, If they would make it, and that's only IF the dealers will sell it. Why don't they? Chevy actually did make a "hybrid" truck, but how many people even knew about them, they made only a few and it was costly so no one bought them, if you've seen "Who Killed the Electric car" it should sound familiar. If you doubt the dealerships influence in car building, look into how dealers stopped GM from from modernizing Buick like they did with Cadillac, they were scared to lose their core customer, who are dying off. Even after seeing what it did for Cadillac, they were still reluctant.
Don't get me wrong, even if I had an electric car, I would still likely have some older car with a nice IC for everything other than general commuting. A nice V8 has few rivals, and old cars are just more visceral, you're a part of the driving experience, not just along for the ride. There are very few new cars I actually like, if you gave me a few million to spend on cars, and I might end up with 2 new cars and they would probably not be what you would expect, the rest would be blown on old cars and a garage to keep them in.