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What Causes Electric Scooters to Be Expensive in India?

Get Electric Vehicle

AUGUST 22, 2021

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. There is already a huge surplus production due to a worldwide rush to put up massive battery manufacturing plants(Though the raw material supply is scarce). Taking a Closer Look.

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India Li-ion Congo Bolivia 52
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Korean consortium forming JV with Bolivian miner Comibol for lithium production in Salar de Uyuni

Green Car Congress

JULY 31, 2011

KORES ) and steelmaker POSCO has entered an agreement with Bolivia’s state-run miner Comibol (Corporación Minera de Bolivia) to set up a joint venture to produce lithium intended for lithium-ion batteries. KORES said that Korean Li-ion manufacturers SK Innovation and LG Chem are also likely to participate in the project.

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Bolivia Li-ion Serbia Brazil 199
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