Rising EV battery costs are delaying affordable electric cars — and it'll get worse before it gets better

Dec 13 2022 by Business Insider

 
The price of EV battery materials might get worse before they get better, experts say.

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Battery costs jumped 7% this year. That has many worried about EV affordability. But industry experts say these prices won't always be volatile.

After a decade of decline, the price of electric car batteries jumped seven percent this year, BloombergNEF reported last week.

The about-face threatens the future of more affordable EVs and intensifies the industry's race to find a cheaper...

Continue Reading Rising EV battery costs are delaying affordable electric cars — and it'll get worse before it gets better