Overview over the global Automotive Industry: Difference between revisions

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By 2030, the consultancy believes battery prices will be around $85/kWh. Even then, electric cars would be 9 percent more expensive to produce.<ref>https://insideevs.com/news/444542/evs-45-percent-more-expensive-make-ice/#:~:text=EVs%20Are%20Still%2045%25%20More,Make%20Than%20Combustion%2DEngined%20Cars</ref>  
By 2030, the consultancy believes battery prices will be around $85/kWh. Even then, electric cars would be 9 percent more expensive to produce.<ref>https://insideevs.com/news/444542/evs-45-percent-more-expensive-make-ice/#:~:text=EVs%20Are%20Still%2045%25%20More,Make%20Than%20Combustion%2DEngined%20Cars</ref>  


Recent reports show that raw material costs for electric vehicles more than doubled during the coronavirus pandemic. Average raw material costs for an EV totaled $8,255 per vehicle as of May, up 144% from $3,381 per vehicle in March 2020, led by materials such as cobalt, nickel and lithium – all essential for the production of batteries used to power electric cars and trucks. EV-specific costs have increased to $4,500 from roughly $2,000 in the past two years, according to AlixPartners.  
Recent reports from 2022, show that raw material costs for electric vehicles more than doubled during the coronavirus pandemic. Average raw material costs for an EV totaled $8,255 per vehicle as of May, up 144% from $3,381 per vehicle in March 2020, led by materials such as cobalt, nickel and lithium – all essential for the production of batteries used to power electric cars and trucks. EV-specific costs have increased to $4,500 from roughly $2,000 in the past two years, according to AlixPartners.  


Raw material costs for traditional vehicles with internal combustion engines have also more than doubled during that time period to $3,662 per vehicle, up 106% from an average of $1,779 per vehicle in March 2020. That uptick is being led by increases in steel and aluminum. <ref>https://www.cnbc.com/2022/06/22/electric-vehicle-raw-material-costs-doubled-during-pandemic.html</ref>  
Raw material costs for traditional vehicles with internal combustion engines have also more than doubled during that time period to $3,662 per vehicle, up 106% from an average of $1,779 per vehicle in March 2020. That uptick is being led by increases in steel and aluminum. <ref>https://www.cnbc.com/2022/06/22/electric-vehicle-raw-material-costs-doubled-during-pandemic.html</ref>