is it because the people that steer the markets are heavily investing in the components and the rare Earth minerals?
BullsEYES!
It has already been DEBUNKED that the cost of an electric vehicle, from getting the rare materials, to manufacturing, to getting its energy, to disposal after its live, cost the environment WAY MORE than the current petroleum fueled vehicles.
So to the elites, they can profit more by selling a vehicle that cost $20,000 MORE, make governments spend BILLIONS on new infrastructure (the power grid is not designed for that level of use/power needs), etc.
It is to make the average citizen to feel good while being worse to the environment.
It is a CON-JOB.