Polestar predicts cheaper electric car batteries aren’t far away

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Rising raw material prices have made electric car batteries more expensive to produce than expected of late, but they’re not expected to last forever.

CEO of electric-only brand Polestar, Thomas Ingenlath, told Australian media we’re seeing the “first sign” material prices are starting to cool.

“It’s a very classic market function where you have the equation of demand and supply, and where… demand exceeds supply you see prices increasing in a very natural way,”…

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