BMW i3 electric car plus battery pack [image credit: carmagazine.co.uk]
Unlucky. It’s not just lithium either. Nickel prices are going crazy as supply problems loom. The notion of EVs competing on price with fuel burners any time soon is receding fast, if not dead in the water.
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Soaring lithium prices are threatening energy transition efforts as EV battery makers will be forced to hike the prices for their products by as much as 25 percent, Morgan Stanley has warned.
Over the past 12 months, the bank said, as quoted by Bloomberg, the price of lithium carbonate, which is a key ingredient in electric vehicle batteries, has jumped five times.
This may force EV manufacturers to hike prices by up to 15 percent, hurting demand, reports OilPrice.com.
The news comes at a bad time for EVs. Rising retail fuel prices in some parts of the world, such…
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Utopia, you are standing in it! 
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