Well not to be contrary but the laws of supply and demand always win. When I was in high school all the intelligent people were predicting that there would be no oil by the year 2000. In reality there is a veritable glut of it now, and unlike in the 70's if OPEC tries to push up the price too much the US and Canada will start extracting even more, since it will be economical to do so. On the other hand lithium batteries aren't made of fairy dust but require lithium, cobalt and other substances that are in limited supply and come from areas like the Congo which are not exactly stable - with market manipulation requiring more EVs and the growth of other electronics it will be interesting to see what happens to the cost of lithium batteries. Of course there are people who will say that some marvelous new battery innovation will take care of that, but in the last 20 years the lack of real improvement in battery technology compared to microchips, memory and even internal combustion efficiency has been our reality.