The Race to Make Electric Cars Cheaper Is Making Electric Cars More Expensive

02 Jan 2023 | Abstracted from Business Insider

"It's simple: The more EVs that carmakers plan to make, the more they need raw materials for their batteries. The less available supply there is, the higher the prices for those materials can go - and the more expensive your battery is overall.

"Higher adoption of lower-cost battery mixes plays a role alongside recycling, as will easing lithium prices as a result of more extraction and refining coming online."

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