Categories: Environment

Lithium prices: soon will FINALLY affordable electric cars?

The price of lithium has been falling since the beginning of 2023. With a significant share in production costs, this could be felt in the final price.

At the time of design of an electric car, many elements are to be taken into account. The material the most important to construction is lithium.

Indeed, it is an element which allows to manufacture The batteriesnecessary for the proper functioning of an electric car.

Unfortunately, lithium a very high pricewhich affects the rates builders. But now the deal could changer.

A confirmed trend

Since the start of the year 2023the price of lithium is only to lower. And that’s not so bad because it saves manufacturers from increasing even more car prices already high.

If we look at the figures given by the specialiststhe price of lithium carbonate fell by around 65 % since the beginning of the year.

A ton now costs less than $30,000, or less than 27 600 €. What to give a little respite to consumers before glimpsing, why, a decrease the price of electric cars.

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The price of electric cars falling?

But beware, a decrease of the price of lithium is not necessarily synonymous general decline in electric cars.

As a reminder, in June 2020a tonne of lithium was 5 500 euros. A price seven times less than what we find Currently. However, the prices were not lower to what we have today.

Finally, the production of a battery takes into account a small part of carbonate de lithium. Which means that the overall price of an electric car will be impacted, but not as much as some would like.

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A decline that will continue

Nevertheless, the decline of the price of lithium will be felt for the car drivers wishing to invest in mobility cleaner.

According to different manufacturers, this drop could allow a reduction of 1,000 euros in production costs.

On the client’s side, this could be felt with tariffs suffered a drop of more than 1 000 euros.

And according to the Chinese manufacturer Nio, this trend should continue in the coming months with the price one ton around 200,000 yuan or just over 26 000 euros.

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