A recent report from Goldman Sachs Research has revealed that electric vehicle battery costs are falling much faster than experts initially anticipated. EV batteries will play a key role in transitioning the transportation sector from fossil fuels to clean energy, but scarce raw materials coupled with surging demand have significantly increased EV battery production costs.
This has resulted in battery and EV makers passing on extra costs to customers and charging premium prices for their products. As many countries worldwide accelerate their green-energy transition plans, most pundits anticipated demand for…
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