Precious Metal Values are Raising Battery Prices and Slowing EV Uptake
James McCandless and Payne Institute Fellow Rod Eggert write about how electric vehicles (EV) are still too expensive for a lot of people. As automakers work to bring EV production to scale, they’re running into a problem: ongoing constraints in the supply chain are keeping prices on battery components high. Specifically, there’s been a sharp increase in the cost of lithium and nickel, both key components to building EV battery cells. April 4, 2022.