Anand Kulkarni, Chief Product Officer at Tata Passenger Electric Mobility Ltd, believes that electric vehicle (EV) battery prices will stabilize soon, leading to some EVs being priced similarly to internal combustion engine (ICE) vehicles. Kulkarni explained that battery prices have significantly reduced over the past decade but increased by 30-35% in the last few quarters due to factors like a surge in EV demand and a shortage of raw materials.
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