NOVI, MI – Taking a contrarian’s view, industry analyst Asad Farid does not think battery costs will come down sufficiently to support future unsubsidized growth in battery-electric vehicle demand. Instead, Farid, of London-based Berenberg Bank, notes most forecasters predict battery costs will fall as production scales increase, but he believes that reduction will be offset by higher material prices. He says a better course is to build infrastructure. Speaking at The Battery ...

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