True. And instead of looking at the truth, the talking political heads blame the President for high gas prices when it's big oil consciously choosing to boost prices by limiting production. But there will be one last big hurrah of super cheap oil prices specifically designed to encourage those who had been reluctant to adopt EV's to stick with ICE one more time.
Currently, big oil knows every EV made will be quickly sold, even if gas were cheap. So, they will wait until EV production is so high that it starts to approach actual demand. Then the price of oil will magically crash to create hardship for all the growing EV makers and create one last wave of sales of new gas guzzlers to provide support for the dwindling demand of oil for another decade. This will not threaten the biggest and strongest EV only manufacturer except to lower profit margins on EV sales as they reduce selling prices to continue to move their ever-increasing production. This could be the end of many legacy auto companies as they find they cannot move their gas cars in large numbers even in an era of cheap oil without lowering prices unacceptably. EV's and ICE car will be going head-to-head on price to see who can win a majority of the market.
Things are going to get weird by 2026-2028, but good. I think EV's will be unbelievably inexpensive, and Tesla will make more of them than any other manufacturer, even when combining legacy's ICE and EV sales.