Tesla CEO Elon Musk to increase the price of electric cars~details below

 

According to report, a new change in the Modus Operandi emerges as Tesla CEO Elon Musk set to  increase the prices of Tesla electric vehicles due to rising cost raw materials which he described as a trend that threatens the dream of an affordable EV.

Meanwhile key pointing the reasons is that for lighter cars using battery technology that throws out now-expensive materials like nickel and cobalt as far as possible, perhaps even at the cost of range, some impact is unavoidable: Batteries need lithium and car bodies need aluminum. 

But things are changing now, BYD is slimming down batteries while Tesla is integrating them into cars’ chassis. Meanwhile the average amount of nickel and cobalt used in new cars declined some how  in the second half of 2021 down to 2% and 9% per car, respectively.

EV sales have benefited from restrained commodity costs in recent years, as well as from improving technology. With the cost side now skyrocketed, automakers may have to step on the accelerator when it comes to the pace of innovation and adaptation.