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Legacy Automakers Keep Taking Pages From Tesla’s Playbook Despite CEO Controversy

According to BloombergNEF, battery prices rose for the first time in a decade. However, BloombergNEF experts don’t expect the rising costs for battery ingredients like lithium, cobalt, and nickel to impact vehicle prices anytime soon. Moreover, they expect it to be a temporary bump as BNEF predicts prices will drop in 2024, as more lithium production comes online. 

WKSP

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Getting EVs To Go Further Does Not Have To Be Entirely About Changing Battery Technology

As the automotive industry continues its transition to the electrical future, the importance of energy conservation is only increasing in importance. The key to global EV adoption undoubtedly lies in battery technology that must become more affordable, but automakers are also making efforts to allow electric vehicles to go further on a single charge even without changing battery technology.

BMWYY