By Paul Homewood
The IEA have just published a report into EV battery supply chains:
Below are some of the highlights:
So far, battery prices have been insulated from raw material prices, as manufacturers normally arrange forward contracts. But it is inevitable that prices will soon start to rise. Indeed the IEA estimate that the average price this year will be 15% higher than last.
Given that batteries account for a third of the cost of an EV, it is hard to see them becoming price competitive with petrol models by 2030. Remember as well that car manufacturers will need to recover the huge capital costs incurred by them in switching over to EVs. With a captive market soon arriving in the UK, they can really charge what they want!
Meanwhile the western world will grow ever more dependent on China.
via NOT A LOT OF PEOPLE KNOW THAT
August 15, 2022 at 10:37AM