Battery pricing could start to ease due to a recent fall in raw material costs, according to banking analysts at UBS and Goldman Sachs
“The bottom line is that commodity prices have reversed since the peak in early March,” research analyst Juan Perez Carrascosa wrote in a report.
UBS estimates that the increase in raw material prices has now added €1,100 , roughly 3%, to the bill of materials cost for a battery-electric car compared with the end of last year, versus about €2300 as of March, as commodity costs fall. “For as long as the car market remains undersupplied, OEMs will likely be able to pass on the lion's share of the cost burden,” Perez-Carrascosa wrote.That means customers, for now anyway, are willing to pay the higher prices to get into a new car, which in turn means the car makers can progress with their electrification plans without worrying too much whether they will get a return on their investment. And that investment is massive.
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