It's already happening. Only the rich can afford an EV as the supply demand & disruption has caused them to "price gouge" Not only that the radical shift by stalling leases, decommissioning or current power plants like they did in Europe was a recipe for disaster. Inflation was coming regardless of Russia due to these policies in my opinion. The war did accelerate it indeed.
The personal savings rate in on an all time low while debt is sky-rocketing. Us index consumer sentiment is an all time low as well. You might want to invest in physical materials such as gold and silver, It ,may not run like lithium, but it sure will maintain your hard earned money instead of it being taken away by the (hidden tax) inflation.
While we are a main exporter in Aus. The Turkish currency has collapsed & the the government is asking it's citizens to hand over any physical gold to prop up the "lyra" This is a 1st world NATO country.
Getting a bit off-topic here. However it does all tie down to our investments.
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