Lithium Ion Battery Price Chart

Lithium Ion Battery Raw Material Costs Continue Rise in 2022

Electric Vehicle (EV) batteries may be in for a substantial price increase as raw material costs rise with demand. While the increasing popularity of electric vehicles is reflected both in sales figures and market investments, increased demand comes with further pressure on supply chains – supply chains that have already been stretched thin by the global pandemic. Lithium, a vital component in the majority of EV batteries, is set to reverse a decade-long trend and increase in price as demand outstrips production.
Lithium Ion Battery Price Chart

Lithium Ion Battery Raw Material Costs Continue Rise in 2022

Electric Vehicle (EV) batteries may be in for a substantial price increase as raw material costs rise with demand. While the increasing popularity of electric vehicles is reflected both in sales figures and market investments, increased demand comes with further pressure on supply chains – supply chains that have already been stretched thin by the global pandemic. Lithium, a vital component in the majority of EV batteries, is set to reverse a decade-long trend and increase in price as demand outstrips production.