Well and total vehicle weight impacts EV range far more than it does ICE range. So the leaf is both small and with shorter range but the gain is a smaller battery pack.
> as new battery chemistries improve energy density
You can have improved density today. You're just not going to like the charge and discharge characteristics very much. EVs have lots of multi variable problems due to their efficiency and utilization aims. To be fair it just is a harder problem to solve but the years of development and lack of clear gains are still showing obvious bottlenecks.
> so significant improvements in power to weight ratio are less likely to be forthcoming.
You can have vastly improved PWR now. Just ride a motorcycle. I think Power train Weight to Total Vehicle Weight is what you really want to think about. In either EV or ICE case there are still plenty of gains to be had here.