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GM, Tesla and FORD raised the prices of their electric cars as a result of the high prices charged for commodities. New battery technologies could drive the reduction soon.
A high gasoline is leading more people to the “electric side”. However, electric car buyers are also experiencing some challenges. In addition to the question of autonomy, which, for long trips, is still not enough, consumers must face a price shock at dealerships. Companies like GM, Ford and Tesla are raising the price of electric cars, largely to offset the rising cost of materials used in batteries.
GM adds $6,2 to the final price of its electric cars
Executives at GM, Tesla and Ford are capitalizing heavily on consumer interest in electric cars as the new wave of plug-in models gains more market share.
In recent months, Tesla, General Motors (GM), Ford Motor, Rivian Automotive and Lucid Group have raised prices on some of their electric cars. Last week, General Motors (GM) added $6.250 to the price of its GMC Hummer electric pickup trucks, which now have a price that varies from $85k to $105k, citing an increase in logistics and commodity values.
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The recently launched vehicle has a waiting list of approximately two years, according to a company spokesperson. Also in this year, the Tesla raised prices three times for a version of the Model Y SUV, adding about 9% to the price, which is now $69.900., according to data from the Bernstein's Research.
Electric car prices in the United States rise 22%
Generally, the average price paid for electric cars in the United States in the month of May was up 22% from the same period last year, about $54, according to JD Power.
To give you an idea, the average paid for an internal combustion vehicle grew 14% over the same period, to around US$ 44.400. GM, Tesla and Ford say they are raising prices for electric cars to offset a recent rise in the price of raw materials being used in batteries to power cars. electric models.
This is by far the most expensive component of an electric vehicle and also the main key to ending all the “impasses” of this type of vehicle. Lithium, cobalt and nickel prices have basically doubled since the beginning of the covid-19 pandemic, according to consultancy AlixPartners LLP.
Lithium price may reduce the value of vehicles from GM, Tesla, Ford and other automakers
The mines, responsible for the production of nickel and cobalt, were unable to keep up with the industry's demand and caused a delay in the advancement of research in the sector.
With prices skyrocketing, even the combustion car batteries are more expensive, as well as for notebooks and other common electronic devices at home that have lithium in their composition.
Experts claim that the prices of these components may continue to rise this year if commodities are not controlled, but the situation can be reversed with the use of technologies.
Steel is down 28% and iron 33% over the past 12 months. However, this price variation is not being enough to control market volatilities and the insecurity generated by the war between Russia and Ukraine.
