While the prices of minerals used in electric vehicles such as copper, lithium and nickel are increasing rapidly, the exchange rates and the tax burden will make the domestic automobile at the expense of fire.
SözcüAccording to the report of Taylan Büyükşahin; “The commodity prices, which broke record after record in global markets, cause the costs of industrial products to multiply. This situation is also reflected in the automotive industry. While certain metals are used in vehicles with internal combustion engines that dominate the market today, metal and mineral diversity is increasing in electric vehicles that are expected to increase their weight in the market in the coming years.
INCREASING CURRENCY EFFECTIVE
According to the report published by the International Energy Agency (IEA), the most copper, lithium, nickel, manganese, cobalt and graphite are used in the battery of electric vehicles and other systems connected to it. While the prices of these minerals, which are traded in international markets and stock exchanges, increase, the increase in exchange rates means that the cost of Turkey's domestic electric car increases more.
Despite the pandemic in the global economy, recovery and supply shortage concerns play an important role in the increase in commodity prices. Copper, one of the important metals used by the industry, broke the historical record in line with the increasing demand and saw the level of 10 thousand 700 dollars per ton. The cost of copper, which is used an average of 55 kilograms in an electric vehicle, reached 600 dollars with today's prices. The cost of nickel, which is used at least 40 kilograms in the vehicle, is over 700 dollars. The price of lithium, which is one of the important parts of the battery of electric vehicles, is around 13 thousand dollars and about 10 kilograms are used in a battery. The cost per vehicle also reaches $ 130.
Apart from the list specified by the IEA, it is stated that the costs of minerals used on a lesser scale have also increased. In addition, the processing of these raw minerals and making them ready for use causes the prices to multiply.
TAXES INCREASE THE LOAD
In addition to the production costs of electric vehicles in Turkey, the tax burden is also quite high. Special Consumption Tax (SCT) rates applied to electric cars were increased by 3.3 to 4 times at the beginning of this year. With the new increase, the SCT rate increased from 7 percent to 10 percent in the lowest electric car, and from 15 percent to 60 percent in the highest electric car. While the automotive sector reacted to the price hike, it was stated that this situation would also negatively affect the domestic electric car under construction, and the sales price would be quite expensive under these conditions.