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Agreed, the ICE in my Insight is definitely going to outlast the battery, even putting a lot of miles on it, and a replacement engine at this point can be found for around $300.
Batteries are wear items, they're more expensive than engines, and don't last as long as engines. Compared with very fuel efficient ICE vehicles, the economics just don't work yet. When gas prices go back up and battery prices come down it'll be different, but we're not quite there yet.
Speaking of cheap gas, I recently read an article that North Sea oil production is ramping up, which may well cause prices to drop further.
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