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19 Jan
16:11

Soaring lithium prices reverse battery cost trend

Soaring lithium prices are set to halt the ongoing decline in battery costs in 2022, making it the first year in a decade that costs won't fall, potentially delaying ICE cost parity, Wood Mackenzie analysts suggest. Battery costs, which account for roughly one-third of an EV total cost, have been declining year after year thanks to technological advancement, efficiency and improved economics of scale, Kallanish notes. In the past five years, battery costs…
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