article thumbnail

Rough road for EV industry

Green Car Congress

Lithium prices continue to rise, and no new domestic lithium sources have yet to be established. 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. Tesla isn’t the only EV manufacturer facing these hurdles.

article thumbnail

ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

Green Car Congress

ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. Further, vulnerabilities could emerge from increased competition among lithium buyers.

Supplies 236
article thumbnail

Study outlines supply chain challenges for lithium

Green Car Congress

A doctoral student in engineering management at Missouri University of Science and Technology, Ona Egbue, is studying potential disruptions to the long-term supply chain for lithium. However, there are issues associated with the present supply chain of raw materials for battery production, particularly the security and supply of lithium.

article thumbnail

Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

Green Car Congress

Lithium producer Galaxy Resources Ltd says prices for both technical and battery grade lithium carbonate in its key market, China, have risen significantly on the back of tight demand and supply fundamentals, with current prices up almost 17% on the same time last year.

Carbon 225
article thumbnail

Korean consortium forming JV with Bolivian miner Comibol for lithium production in Salar de Uyuni

Green Car Congress

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. Among the other countries, identified lithium resources for Bolivia and Chile total 9 million tons and in excess of 7.5

Bolivia 199
article thumbnail

Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

Green Car Congress

Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral. Albemarle Corp.

Nevada 150
article thumbnail

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.

India 52