Electric vehicle batteries’ raw materials are now double the 2019 price
🔋 Raw materials required to build electric vehicles have doubled in cost over the past few years.
AlixPartners released a report last Wednesday placing blame on the coronavirus pandemic increasing the price tag on precious minerals such as cobalt, nickel, and lithium. These items are needed to build the batteries required in electric vehicles. Most car manufacturers are passing these costs onto the consumer, increasing the prices of their electric vehicles while the industry makes a push to increase electric-operated vehicles in American households.
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