Thinking out loud, but it's mostly power to weight ratio isn't it? With batteries currently being less energy dense than fuel, can an electric car be faster?

Thinking out loud, but it's mostly power to weight ratio isn't it? With batteries currently being less energy dense than fuel, can an electric car be faster? Now there's more to the vehicles than just the energy supply, so I suppose if an electric car could harness battery power more efficiently (i.e. with less weight) than an ICE powered vehicle, it could be faster?