Saturday, April 30, 2022

Electric Vehicles About to Become Much More Expensive

Surging price of battery materials complicates car makers' electric plans. Ya think?

The price of these three metals [nickel, lithium, and cobalt] required in a 60KWh battery, enough for a large family sport utility vehicle, has risen from $1,395 a year ago to more than $7,400 in early March, according to battery group Farasis Energy.

The war in Ukraine, supply chain issues, inflation, the kitchen sink - all going to make EV's more expensive. Strangely Tesla is not even mentioned in the article.

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