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Energy | Energy Transition | Metals

Battery pack costs on the rise: will it slow down EV adoption?

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Listen: Battery pack costs on the rise: will it slow down EV adoption?

  • Featuring
  • Henrique Ribeiro    Alice Yu
  • Commodity
  • Energy Energy Transition Metals
  • Length
  • 17:49
  • Topic
  • Battery Metals Energy Transition Environment and Sustainability

For the first time in over a decade, battery pack costs started to increase —even in the low cost segment. Battery packs are the main cost component in an electric vehicle (EV), meaning that this uptrend should either squeeze manufacturers' margins or lead to higher EV price tags.

Henrique Ribeiro (S&P Global Platts) and Alice Yu (S&P Global Market Intelligence) discuss how surging battery metals prices, particularly lithium, are playing a key role in the recent battery market developments.

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