So far, the economics have only hit mid-market. No point in spending over a grand just to get a truly shit Walmart-tier bicycle. Instead, they go to $1,500 and you get something more balanced. Check out Rad-city for economical examples.
For conversions, $600 is about the current minimum for a 'reasonable' build. That's a $200 eBay hub-drive kit and a $400 name-brand-cell battery. $500 if you want a better build and individual-fuses on each cell (important for peace-of-mind if you're storing in an attached garage or something). $900 total if you want a decent mid-drive.
It will come down, but right now no one is leaving profit on the table. The batteries and electronics simply cost a fair amount.