Automakers

EVs face bigger hit from material costs than combustion models, study finds

Cupra Born production Zwickau
Production of the full-electric Cupra Born at Volkswagen Group's factory in Zwickau, Germany. Production costs for electric vehicles are affected by price increases in battery materials, a study by AlixPartners found. (Oliver Killig/Oliver Killig)
November 15, 2022 02:12 PM

MILAN – Raw materials price inflation has hit battery-electric vehicles harder than internal combustion cars, according to a recent report, pushing back cost parity between the two powertrains as Europe tries to cut carbon emissions.

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