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Electric vehicle (EV) supply costs continue to decline sharply in all major markets, as battery costs plummet, driven by improved energy density, falling mineral prices, and less mineral-intensive battery chemistry compositions. EV costs have also been significantly impacted by changes to vehicle offerings based on consumer preferences, with bigger vehicles gradually capturing a larger portion of the market in most regions.

This quarterly assessment delves into the different factors affecting EV supply costs globally and by region (Global, Europe, China, and the US), historically and during the last quarter.

The CleanTech and Battery Supply Chains service (CBSC) provides an in-depth analysis of the supply chains and investments supporting the expansion of electric vehicles and other industries focused on reducing GHG emissions. The data and analysis are designed for clients to easily gain an insightful understanding of these critical industries and the changes they undergo as the global EV and renewables markets develop.