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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. What do you think of the article?

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EV Battery Cell & Pack Prices Dropping At Surprising Rate

Get Electric Vehicle

Battery prices have dropped dramatically over the years, and though there may be some fluctuations it appears that they will continue to do so at a rapid pace. According to Bloomberg New Energy Finance’s annual battery survey, annual battery pack prices fell 6% from 2020 to 2021. Prices in Europe are 60% higher.

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Oil Well Strippers Suffering From Low Oil Prices

Green Car Congress

With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. And that is going to severely hurt an all but invisible group; strippers in the United States. Article Source: [link].

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Over 50 Percent of U.S. EV Sales in 2023 Are From This Automaker

The Truth About Cars

Photo credit: Southworks / Shutterstock.com In a remarkable show of market strength, over 55 percent of all electric vehicles (EVs) sold in the United States in 2023 were from Tesla. Notably, Tesla's aggressive pricing strategies played a crucial role in maintaining its leading position.

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North America’s largest lithium supply to be developed with DOE help

Teslarati

Nowhere has this been better seen than in the price of raw lithium, which has skyrocketed over the past few months and has, in turn, contributed to the elevated prices of electric vehicles. What do you think of the article? Do you have any comments, questions, or concerns?

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Electric Vehicles Are Only Getting Cheaper To Own

EV Match

This article is courtesy of Chris Johnston with EVPubs.com. According to the United States Environmental Protection Agency, the largest source of greenhouse gas emissions is from transportation. When it comes to the cost of ownership, the data is very clear. So we decided to compare costs over a five-year period. .

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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. That allowed them to successfully lower their breakeven price for oil projects. That does not seem like the end of the world.

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