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in Tech

Raw material costs for electric vehicles have doubled during the pandemic

by Editor June 22, 2022, 4:10 pm 1.3k Views

Wholesale prices rose 10.8% in May, near a record annual pace

Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022.

Jamie Kelter Davis | Bloomberg | Getty Images

Raw material costs for electric vehicles more than doubled during the coronavirus pandemic, according to a new report Wednesday by AlixPartners, forcing automakers from General Motors and Tesla to start-ups like Lucid and

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