Lithium price drop gives Indians hope for more affordably priced EVs
POWER & RENEWABLE ENERGY

Lithium price drop gives Indians hope for more affordably priced EVs

Prices for lithium carbonate, the main ingredient in batteries, have significantly decreased over the past several months, giving industry participants hope that reasonably priced electric cars (EVs) could draw more consumers to the market.

The cost of the main component decreased from $ 73,000 per metric tonne in January to $ 34,000 in March. Cobalt and nickel, two more materials frequently found in batteries, have seen considerable drops in price during the past two months.

One potential explanation for this dramatic fall is a substantial decline in EV sales in important markets like Europe and China due to the termination of government subsidies.

The reduction in lithium pricing can be ascribed to the decline in EV demand in China, where the subsidies have been eliminated.

The price of the previously expensive raw material has significantly decreased as a result of the installation of additional refining capacity throughout the world and alternative battery technologies.

Also read:
NHPC to establish 480 mw hydro-project in Nepal
Under PM-KUSUM initiative MSEDCL seeks bids for 225 MW solar energy


Prices for lithium carbonate, the main ingredient in batteries, have significantly decreased over the past several months, giving industry participants hope that reasonably priced electric cars (EVs) could draw more consumers to the market. The cost of the main component decreased from $ 73,000 per metric tonne in January to $ 34,000 in March. Cobalt and nickel, two more materials frequently found in batteries, have seen considerable drops in price during the past two months. One potential explanation for this dramatic fall is a substantial decline in EV sales in important markets like Europe and China due to the termination of government subsidies. The reduction in lithium pricing can be ascribed to the decline in EV demand in China, where the subsidies have been eliminated. The price of the previously expensive raw material has significantly decreased as a result of the installation of additional refining capacity throughout the world and alternative battery technologies. Also read: NHPC to establish 480 mw hydro-project in Nepal Under PM-KUSUM initiative MSEDCL seeks bids for 225 MW solar energy

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?