CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Coal consumption in the US has hit a record low as the pandemic slashes energy demand.
Power plants burned just 27.4 million short tons of the fuel in April, a 27% decrease from the previous year and the lowest monthly level in Energy Information Data going back to 1973.
Overall US electricity consumption fell 4% year-on-year, to the lowest since November 2001, the EIA said in its Today In Energy report. The dip, driven by industrial and commercial users, comes as residential demand jumped 8%.
(By Anthony Robledo)
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