Surging costs, price-conscious buyers add to electric vehicle makers’ woes

April 04, 2022 1:28 PM

HONG KONG (BLOOMBERG) – China’s electric carmakers have a conundrum on their hands. Rising raw material costs have begun to squeeze margins, and many have raised sticker prices in response. But tipping EVs into the too expensive basket for consumers risks undermining demand just as the government is seeking to spur adoption.

Source : https://www.straitstimes.com/business/companies-markets/surging-costs-price-conscious-buyers-add-to-electric-vehicle-makers-woes