EV's Costs Skyrocketing
Zinc, Cobalt, Palladium, and Lithium are raw materials that go into batteries. The prices of these raw materials have skyrocketed. This means that electric vehicle producers that need these materials to make their batteries are about to see price increases for their products. Electric car makers like Tesla and Rivian will be forced to pass these prices onto consumers. Expect inflation across the supply chain.
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