While people and governments all over the world grapple with insanely high fuel prices, one might think EVs are better in this regard. Well, EVs seem to have another problem altogether – rising prices of Lithium. Lithium is the main element used in a modern Lithium-ion battery and an increase in prices of Lithium is indeed alarming for the EV world. Elon Musk, CEO of Tesla recently tweeted about this problem.
The tweet said, “Price of lithium has gone to insane levels! Tesla might actually have to get into the mining and refining directly at scale, unless costs improve.” He also said the prices of lithium has increased multiple times this year and the general trend too predicts that lithium prices will continue to rise. Triumph Speed 400 and Scrambler 400 X Cross 10,000 Bookings – RE Should Step Up The Game by TaboolaSponsored Links Always Put a Plastic Bottle on Your Tires when Parked, Here’s Why Tip Parents The Average IQ in India is 81.
Check if your IQ is higher WW IQ Test Tesla is a pioneer of sorts in the EV world. It is the brand that made EVs mainstream. It was Tesla under the leadership of Elon Musk that proved to the world that EVs don’t have to be slow and ugly, but can be fast and pretty. Tesla also showed the world that range anxiety was a thing of the past.
