Prices are rising every month and probably nothing will change for a long time, warns a major concern.
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Representatives of Tata Motors, which also owns the British carmaker Jaguar Land Rover, have pointed out another swelling problem in the automotive industry, which is likely to become more important in the coming months. After the chip crisis and supply problems, carmakers are starting to suffer from high batteries, caused by rising prices for materials.
Shailesh Chandra, executive director of passenger cars and electric mobility at Tata Motors, has told Reuters that batteries are now facing some kind of inflation. At the same time, this is allegedly caused by the huge demand for energy repositories, which is said to be growing every minute. So those who want a battery have to pay extra, according to the AutoEvolution website, which pointed out the situation.
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At the same time, the company’s representative expects that the price of cells for electric car batteries will increase by as much as 20 percent in April. This trend could allegedly continue until the end of the year, as there is an increasing problem in accessing raw materials. The increase in prices will undoubtedly also be reflected in the prices of electric cars.
Various precious metals, such as lithium, nickel, cobalt or copper, are needed to make traditional lithium-ion batteries. However, according to Auto Evolution, only the price of the ore from which lithium is obtained should have risen up to sevenfold in the last twelve months. And now the price of nickel is heading in a similar direction.
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However, Chandra believes that we could see corrections in this trend at the beginning of next year at the latest. In addition, the growing emphasis on precious metal recycling, etc. could also play a role. Nevertheless, electric car prices can be expected to rise in the coming months, which could also affect their sales.
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