EV battery costs set to spike as raw material shortages drags on


Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022.

Bill Clark | CQ-Roll Call, Inc. | Getty Images

The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity in key raw materials needed to make EV battery cells.

“The tsunami of demand is coming,” said Sam Jaffe, vice president of battery solutions at E Source, a research firm in Boulder, Colorado. “I don’t think the battery industry is ready for it.” 

The price of EV battery cells has declined in recent years as production rose around the world. Battery cells currently cost $128…


0 0 votes
Article Rating

How Big Oil sells off polluting assets in a bid to look green

Previous article

How relocating Americans created new inflation hot spots

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos