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Nickel is one of the elements in EV batteries, but it's a small portion of the total cost of a battery. EV prices are actually dropping, not going up, although demand can alter that to a degree. With higher gas prices, demand for EVs is definitely rising.

If you want a university-level understanding of batteries for EVs, watch this remarkable 53 minute story: https://www.youtube.com/watch?v=CM1fL5D1_W8. It will give you a thorough understanding of mining, manufacturing, and recycling of batteries.

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