Car Prices Soar Due to Surging Cost of Raw Materials

Chosun Ilbo | Apr 26, 2022 at 10:33 AM
  • Surging raw material prices are pushing up the prices of new cars.
  • Rechargeable batteries account for 30 to 40 percent of EV prices and they have become more expensive.
  • Moreover, the shortages of raw materials make it tough for EV makers to meet production targets.