Study: lithium prices unlikely to impact EV battery prices

According to a new study from the Carnegie Mellon University College of Engineering, pricing fluctuations in the lithium market are unlikely to impact electric vehicle battery prices because of the relatively limited effect on entire cell costs. The report “…analysed multiple lithium-ion battery chemistries and cell formats to see whether extreme lithium price variations would have a substantial impact. They examined the impact on cell costs if lithium prices increased to $25/kg, more than four times the historical average, and found that lithium is a relatively small contributor to both the battery mass and manufacturing cost.” Furthermore, a Carnegie Mellon PhD student stated: “Although the battery cost increases were the largest for high power-density cells, which require a lot of material inputs, cell costs never increased more than 10% even using the most extreme assumptions…”

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