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Analysts: Raw material price surge will put EV battery affordability gains on hold until 2024

Green Car Reports

A surge in raw material prices could cause EV battery prices to rise, according to a recent Reuters report.

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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. The company listed the conflict in Ukraine as one of the reasons it continues to struggle with production. “We The company mentioned risks in battery cell pricing and availability.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel.

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Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs

Teslarati

With electric vehicles becoming more prolific, raw materials used in battery packs have become hot commodities. And according to Morgan Stanley analyst Adam Jonas, the rising price of one particular material — nickel — could result in general electric vehicle prices seeing a $1,000 price increase.

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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

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More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. Despite this, there have been several challenges that shipbuilders and maritime battery suppliers have had to navigate in recent years. Battery deliveries to ships 2019-2022 GWh.

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Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity. The raw data—the retail prices of regular gasoline, on-highway diesel, and residential electricity—came from the Energy Information Administration. Month (2022).

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Tesla increases price of base Model 3 in Germany by €7,000

Teslarati

Tesla increased the price of the base Model 3 in Germany by €7,000 ($7,678.44) over the weekend from just under €42,990 ($47,158.74) to €49,990 ($54,837.53). The price hike follows a few other price increases in early March. Rivian links supply chain woes to ongoing Ukraine-Russian war.

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