Daily News Wrap-Up: Lithium Price Drop Effect on EVs

Electric Vehicle Sales Surge 81% YoY in Q1 2023, 349,676 Units Sold

April 5, 2023

/ Mercom Staff
/ Daily Wrap-up
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Lithium carbonate prices, the primary component used in batteries, have seen a considerable drop over the last couple of months, raising hopes among industry stakeholders that affordable electric vehicles would attract more customers to the segment. The price of the key ingredient has dropped from ~$73,000 per mt in January to ~$34,000 per mt in March.

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