info@evworld.com

Photo Credit:Fair Use [17 U.S.C. § 107]

Here's Why EV Battery Prices Are Increasing

12 Dec 2022 | Abstracted from Car Buzz

"Numerous factors, mainly the rising costs of essential battery materials like cobalt, nickel, and lithium...average battery price would have been even higher than current rates, but this was prevented thanks to the switch to the less expensive lithium-ion phosphate batteries

"China continues to have the cheapest pack prices on average at $127 per kWh. The US and Europe's average prices are 24% and 33% higher, respectively."



PREVIOUS NEXT

    ADDITIONAL RELATED NEWS LINKS


    2647196

    Get In Touch

    Papillion, Nebraska, USA

    info@evworld.com

    SUPPORT EVWORLD

    Become a patron and help spread the good news of the world of electric vehicles.

    Newsletter

    Not yet ready for primetime.

    © EVWORLD.COM. All Rights Reserved. Design by HTML Codex