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Electric-Car Uptake to Lose Drive if Metal Prices Rise Further: Berenberg -- Market Talk

21 Mar 2018 6:48 am

0648 GMT - If metal prices continue to rise, the adoption of electric vehicles could stall by the early 2020s, Berenberg says. As car maker's ramp up electric-car production, they count on battery costs to decline as scale increases. But over the last year, higher prices for cobalt, lithium and nickel have slowed down this price deflation, Berenberg says. Higher metal prices mean that battery costs may bottom out at a higher price than previously anticipated. In this case, electric-vehicle sales could stagnate once purchase subsidies in China, Europe and the U.S. fall away, says Berenberg.(Max.Bernhard@dowjones.com; @mxbernhard)

(END) Dow Jones Newswires

March 21, 2018 02:48 ET (06:48 GMT)

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