The average price of an EV today is about USD$60,000 with batteries being the largest single component.
E Source estimates battery cell prices will surge 22% from 2023 through 2026, peaking at $138 per kilowatt-hour.
Source: EV battery costs set to spike as raw material shortages drags on
Most people cannot afford to pay $60 to $100k for an EV. This is a big conflict with policies that hope to move everyone, may be even force everyone, to purchase EVs soon.
