War Effect: Rising prices for raw materials used in batteries will make EVs more expensive
- Lithium prices soar like spring: Cobalt and nickel prices also rise: Battery manufacturers start looking for new alternatives? In the wake of the Ukraine-Russia war, trends in various markets and industries have been rapidly reversing recently. Crude oil prices in the world market recently reached a new high of 17 years. Petrol-diesel, gas, etc. prices have risen globally due to the rise in crude oil. Rising diesel prices in the US recently hit a record સાત 7 a gallon. The rise in petrol-diesel prices has also adversely affected the market demand for its vehicles and the stock market has recently come under pressure from various automakers in the country and abroad. However, in such an environment, market experts are showing the possibility of increasing the market size of electric vehicle EV sector vehicles. Globally, Tesla started making EV vehicles years ago and recently various vehicle manufacturers in the country and abroad have seen a rapid shift towards EV vehicle products.