One would hope that these sorts of prices are short-term in nature due to conflicts outside of anyone's control (except Russia of course).
It would be expected that the prices will settle back down over the Medium term, to ensure EV market penetration continues.
In regards to ICE vehicles, remember that price of fuels and oils is also impacted, especially diesel powered vehicles which rely on Urea which is also in shortage around the world.
In addition, more and more people around the world are beginning to become more environmentally and socially conscious, and are therefore willing to pay a premium to ensure they support this movement, to maximise our chances of slowing down global warming. Companies realise this, and is why they are investing heavily in de-carbonising their operations, to ensure they are able to attract the institutional and retail investors who will only support a business that is doing something to this regard.
E25 Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
(20min delay)