Russia's invasion of Ukraine is likely to have a profound impact on the market for electric vehicles in two ways. First, the decision by some countries to stop purchasing oil from Russia is likely to lead to higher gasoline prices. Second, Russia is one of the world's largest producers of nickel and lithium, two key materials used for making the batteries that electric vehicles run on.

Based on this information, explain what is likely to happen to the PRICE and OUTPUT of electric vehicles as a result of the Russian invasion.

Please give a thorough economics based answer for this.