Some really good and informative work by UBS, finally someone setting things straight wrt high battery metals and their impact on cost of EV. The report does not cover how people purchase their vehicles, but a 10% increase ($3,800) on upfront cost of a mass market ID 3, spilt over a 4 year lease, is very doable, and EV TCO advantage remains, more so given current Petrol/Diesel prices. I was going to mention all the green attributes, but decided not to, in fear of backlash from the knuckle draggers...
Lets hope this work curtails the many ill-informed opinion pieces, which push the "high battery metal prices are killing the EV revolution" narrative, using spot prices to support their spin.
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Some really good and informative work by UBS, finally someone...
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