EVs Could Become More Affordable If Price of Lithium Decreases

Jun 15, 2022

One thing most consumers can agree on is that electric vehicles are currently too expensive. A small percentage of the population can afford to buy an EV outright, and the industry has depended on government subsidies a great deal to get by.

Costly electric vehicle batteries are largely to blame for this. Electric vehicles run on rechargeable lithium-ion battery packs, which are…

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