Electric Cars - What's Behind the Rise in Battery Costs?

Electric cars are more costly than their internal combustion engine counterparts. So we need to bring those battery costs down to make electric vehicles the first choice of car buyers. The shortage of lithium, for example, is forcing some manufacturers to cut production. Most projections think that the lithium market will be back in surplus by 2026. But most of these new projects are in China or rely on lower grade deposits and smelting them twice emits three times more carbon.