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Monday, 12 December 2022

Batteries cost more than 60% in 10 years in domestic market, no sign of relief

10% rise in EV prices:

Electric vehicle (EV) prices in the country are increasing by 7-10% due to rising battery costs. Due to this, the plan to offer cheap EVs seems to be getting postponed. According to Bloomberg NEF, lithium-ion battery packs have become more expensive by around 7% worldwide this year, but EV battery prices in India have increased by 50-60%.

also read સવારની આ એક સામાન્ય ભૂલ જ તમારા માટે બને છે એસિડિટીનું કારણ, નહીં સુધારો તો આગળ જઈને બનશે મોટી મુશ્કેલી

Speaking to Bhaskar, CEO of EV Urja, Sanyog Tiwari said that the government has made the regulations related to EVs more stringent due to incidents of EV fires. AIS 156 standard for testing of batteries may be applicable after December. Apart from this, the prices of many electronic parts like BMS, IC and minerals used in batteries have also been increased. Due to this reason, batteries available in the domestic market for 11,700 to 12,900 kilowatt hours are available today for 14,800 to 18,900 rupees.

Batteries are becoming expensive in the domestic market due to 4 reasons

Minerals like lithium, cobalt, nickel are getting expensive

Due to the lockdown in China, difficulties in the supply of goods are increasing

Battery testing rules are being strictly enforced in the country

The prices of electronics used in batteries also increased

Prices of petrol-diesel cars to rise
Before this, companies like Maruti-Suzuki, Tata Motors, MG Motor, Renault, Mercedes-Benz and Audi have already announced a 5-15% price hike on all their EV models from January.

ગુજરાતી માં માહિતી વાંચો 

EV production cost has increased by 15 percent
Automobile expert Sanjeev Garg said, 'The cost of electric vehicles, especially two-wheeler companies, has increased by 15 percent due to the cost of batteries. Battery accounts for 45-50 percent of the cost of a vehicle. However, recently sluggish demand has forced EV companies to hike prices by 7 to 10 percent, avoiding passing the entire burden on consumers. This could lead to EVs becoming more expensive next year.

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