In light of electricity pricing, cash is also king for European, and to a lesser extent, American,* electric vehicle owners.
From CNBC, August 28:
In the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash.
Established automakers and startups alike are rolling out new battery-powered models in an effort to meet growing demand. Ramping up production of a new model was already a fraught and expensive process, but rising material costs and tricky regulations for federal incentives are squeezing coffers even further.
Prices of the raw materials used in many electric-vehicle batteries — lithium, nickel and cobalt — have soared over the last two years as demand has skyrocketed, and it may be several years before miners are able to meaningfully increase supply.
Complicating the situation further, new U.S. rules governing EV buyer incentives will require automakers to source more of those materials in North America over time if they want their vehicles to qualify.
The result: new cost pressures for what was already an expensive process....
....MUCH MORE
Recently:"Tesla’s battery metals bill balloons to $100 billion" (TSLA)
*I've been told that residential electricity prices are cheaper in Moscow, Russia than they are in Moscow, Idaho. I haven't had that verified though. How about St. Pete, Rus vs St. Pete, FL?
