Russia’s invasion has has already made fuel prices go up, but electric cars will not be unaffected. The ever rising cost of raw materials is to blame, according to a new report published by S&P Global Mobility, which sees a clear link between the conflict and the the upward price trend of some elements that are vital for the construction of EVs.
The study, featured on Automotive News, is specifically talking about the materials necessary for the manufacturing of EV battery packs. Nickel is the most important out of these and since Russia is the world’s third largest supplier and the home of the world’s largest nickel producer, it also has control over the price (and availability).
