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What Causes Electric Scooters to Be Expensive in India?

Get Electric Vehicle

The price of the lithium-ion batteries used in the EVs is the main culprit for the high initial cost of any electric vehicle in any part of the world. Knowing the importance of these elements, china made strategic investments and bought mines in the countries such as Congo, Bolivia, Chile, and Australia where these elements are available.

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Rough road for EV industry

Green Car Congress

Even Tesla, despite its substantial efforts to hold the line on affordability, has suffered from the effects of war, supply chain disruptions and the rising costs of raw materials. Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Most of the worlds Lithium is located in Bolivia, 50% plus. Which means we would be extremely vunerable to Bolivia for our transportation needs, to a degree which we have never been to a foreign country. Bolivia is no friend of the USA. At current transportation battery prices, that is well beyond the cost of spinning reserve.

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