Electric Vehicle Production and the Price of Lithium
37 Pages Posted: 30 Nov 2018
Date Written: November 22, 2018
This paper analyses the share prices of the world’s largest car manufacturers with a focus on the sensitivity to the price of lithium. Most car manufacturers display no relationship with the price of lithium except seven manufacturers, of which six are Chinese and exhibit strong positive lithium betas. The results are consistent with the differing electric vehicle uptake around the world as a result of varying levels of government investment and policies.
Keywords: car manufacturers; electric vehicles; lithium; oil; government regulation
JEL Classification: G12; Q30; Q40; Q48; Q55; Q58
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