# Combustion road vehicles and Nickel-based batteries

Their prices have moved together.

Source page: https://www.materialinsights.org/links/combustion-road-vehicles-and-nickel-based-batteries/

[Combustion road vehicles](https://www.materialinsights.org/energy/e_road_ice/) (energy) and [Nickel-based batteries](https://www.materialinsights.org/energy/e_nickel_batt/) (energy): 1 relationship.

## How they are linked

### 1. Price link: main customer

*Cost and price · Weak · Both ways*

Hybrid cars have long used nickel-metal hydride packs. Demand depends on hybrid sales and on how fast makers switch those models to lithium, which matters more to this market than metal prices.

- **0.06** monthly change correlation
- **0.04** 12-month change correlation
- **1.95** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.