Lithium price drop gives Indians hope for more affordably priced EVs

07 Apr 2023 CW Team

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

Real Estate

21 May 2025

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Infrastructure Transport

21 May 2025

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Infrastructure Transport

21 May 2025

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..