Doubtful. Internal Combustion engines took off well before the petroleum industry was obscenely wealthy. Coal/Railroad had a vested interest in keeping cars as a rich person toy rather then as something to build a society around. ICE powered by Oil/Kerosene was and IS much more energy dense then batteries were then, and are today. You have more energy per unit volume in a gallon of gas then even the most exotic batteries. That directly translates to more power, more distance, and more opportunity for miniaturization.