At the end of last year, BloombergNEF reported that the price of electric vehicle batteries had for the first time fallen to $100 per kWh. This is widely considered the tipping point for EV adoption because this battery price level makes the vehicle as cheap as an internal combustion engine car. Yet before anyone could really celebrate the news, other reports started coming in: a shortage of semiconductors, used generously in EVs as well as ICE cars; a looming shortage of steel because of supply chain disruptions resulting from the pandemic; but…
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