Keep in mind that you will pay more for your next electric vehicle (EV), due to the rising cost of batteries.

The average cost of lithium-ion battery cells rose to an estimated $160 per kilowatt-hour in the first quarter of this year, from $105 last year. But experts are optimistic that electric cars will not lose their appeal.

"Battery costs have been steadily declining for a decade, and this recent spike in commodity prices is being driven by transient macro events that extend far beyond electric vehicles," Trent Mell, CEO of Electra Battery Materials Corporation, told Lifewire in an email interview. "Users and consumers will continue to buy electric vehicles. Even with recent developments, few have changed their minds about switching to an electric vehicle."

The cost of EV batteries is rising because the price of all battery metals, including lithium, nickel and cobalt, is increasing, Mell said.