Updated: May 19, 2022

EV battery costs could spike 22% by 2026 as raw material shortages drag on

May 19, 2022

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The cost to produce electric vehicles is primed to surge over the next four years, according to a new report from research firm E Source.The spike is the result of scarcity in key raw materials needed to make EV battery cells.E Source estimates battery cell prices will surge 22% from 2023 through 2026, peaking at $138 per kilowatt-hour.

MAYDAY Washington: current affairs

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