Ukraine War Will Soar Electric Car Prices

With Russia’s invasion of Ukraine, the Western world signed sanctions aimed at economic collapse of Russia. One of these sanctions was the sanction that would prevent the purchase of oil from Russia, the world’s largest crude oil exporter. Oil prices, which are already rising with the war and breaking records, have been affected by this decision. continued its rise.

While the increase in oil causes the pump prices to increase every day in the world and in our country, many car drivers naturally turned their eyes to alternative vehicles. At the very beginning of these electric cars took place. While the demand for electric cars continues to increase with gasoline price hikes, today, electric cars are also increasing. prices will not stay the same. data is shared.

Nickel prices quadrupled in just 1 week:

Russia’s invasion of Ukraine affected not only oil but also other raw materials such as nickel, of which Russia is also one of the largest suppliers. So much so that on February 25, the day after Russia entered Ukraine, nickel prices per ton It was around $24,000.. But this price He broke the record with 100 thousand dollars. prices, finally around 80 thousand dollars The London Metal Exchange suspended nickel trading.

So what do electric cars and nickel have to do with each other? The answer to this question is very simple: Nickel is one of the raw materials used in the production of lithium-ion batteries for electric cars. Although automakers such as Tesla have previously stated that they will turn to alternative batteries by voicing the nickel problem, this process It has not yet started, neither at Tesla nor any other electric car manufacturer.

If automobile manufacturers do not suddenly switch to different types of batteries made from alternative raw materials such as cobalt, which seems unlikely, the prices of electric vehicles will increase. experiencing a large increase Waiting.