May 27, 2022

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Half the Automotive

GM Has an Electric Car That Will Tap Into an Unexplored Market

The race for electric vehicles is intensifying every day, with multiple announcements coming from legacy automakers as well as young entrants and technology groups. 

The recent spike in gasoline prices has revived interest in battery-powered vehicles. That in turn has prompted carmakers, who face rising prices for raw materials such as nickel, to boost EV prices.

Nickel is a key metal in the development of the battery, which is the heart of an electric vehicle because it determines the car’s range and performance. The battery also factors into the safety and the longevity of the car as well.