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What Causes Electric Scooters to Be Expensive in India?

Get Electric Vehicle

New revolt RV 400 is priced around ?101,470, Ather 450X comes with a price tag above ?140,000. 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. For example, The newly launched Ola S1 starts at ?97,575. Taking a Closer Look.

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Rough road for EV industry

Green Car Congress

Lithium prices continue to rise, and no new domestic lithium sources have yet to be established. The company in March announced multiple price increases including its most affordable electric car, the Model 3 RWD—once touted at $35K—now has an eye-popping price tag of $46,990. The issue [now] is batteries.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

Green Car Congress

Demand for lithium—the hottest commodity on the planet and the only commodity to show positive price movement in 2015—is poised to continue on its upward trajectory, becoming the world’s new gasoline and earning the moniker of “White Petroleum”. by James Stafford of Oilprice.com. Lithium is certainly showing all the right signs!”.

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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. Finally there may be new energy storage that requires less lithium.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

Green Car Congress

The increasing prices of lithium has also led to higher investments in carbonate and hydroxide refinery facilities in the country, making it the leading refiner of battery metals globally. —Yayoi Sekine, head of energy storage at BNEF. Bolivia was at the bottom of the rankings this year.

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