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I suspect these new cartridges cost significantly more just due to the higher speed.

Look at SD Micro Express cards ... they are definitely a premium over older, slower SD Cards. No one complains about that because it's expected.

But for cartridges it's likely the same deal ... the new faster carts cost more than the old, slower ones.

To match or be in the ball park of UFS 3.1 speed (Switch 2's internal storage) and/or the speed SD Express cards, it likely cost Nintendo a premium.

Physical is just going to have to cost more or Nintendo was going to have to gimp the speed of the games and add in longer loading times.