With the increasing adoption of electric vehicles (EVs) and hydrogen fuel cell vehicles (FCVs), concerns are growing about the availability of critical materials like lithium, platinum, and palladium that are necessary for these technologies. This project explores historical price data and employs sophisticated forecasting techniques to estimate the future market pricing trajectory of these commodities. This investigation has important implications for both the automotive and energy sectors, given that input material prices and supply chain issues are of paramount importance. This analysis will provide valuable insights to investors, automakers, and decision-makers in the transition to sustainable transportation. The study emphasizes the importance of agility in responding to supply risks and market opportunities that will emerge in the future.

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Price Prediction of Commodities Used in Renewable Automotive Industry

  • Ashwini Dalvi,
  • Vardhan Patil,
  • Sakshaat Raut,
  • Purav Sanghavi,
  • Darshit Shah

摘要

With the increasing adoption of electric vehicles (EVs) and hydrogen fuel cell vehicles (FCVs), concerns are growing about the availability of critical materials like lithium, platinum, and palladium that are necessary for these technologies. This project explores historical price data and employs sophisticated forecasting techniques to estimate the future market pricing trajectory of these commodities. This investigation has important implications for both the automotive and energy sectors, given that input material prices and supply chain issues are of paramount importance. This analysis will provide valuable insights to investors, automakers, and decision-makers in the transition to sustainable transportation. The study emphasizes the importance of agility in responding to supply risks and market opportunities that will emerge in the future.