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Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021

Green Car Congress

The Cobalt Institute’s Cobalt Market Report 2021 , prepared by CRU, confirms the role of cobalt as one the key commodities of the green future, due to the rapid growth of the lithium-ion battery market and a strong global uptake of electric vehicles. Demand rose by 32 kt in 2021 alone compared to 51 kt in the 5 years from 2015-20.

Market 293
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IDTechEx: market for EV powertrain materials to reach $47B by 2030

Green Car Congress

Traction batteries and motors in electric vehicles (EVs) are very different than the powertrain components of the internal-combustion engine vehicles they replace. It is also a very expensive material with its supply and mining confined to a large majority in China and the Democratic Republic of Congo.

Market 243
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JRC: Europe must take steps to boost supply of cobalt for EV batteries

Green Car Congress

The coming electric vehicle boom will significantly increase the demand for cobalt in the EU and globally. As a result, demand is expected to exceed supply already in 2020 and the EU must take steps to boost supply and curb demand without hindering the growth in electric vehicles, according to a new JRC (Joint Research Center) report.

Supplies 259
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Redwood Materials Will Recycle Hawaiian Grid Batteries

Cars That Think

Built in 2015, the Anahola station is old enough that its batteries have reached their end of life. Since its launch in 2017, the company has set out to create a “circular supply chain” of lithium-ion batteries for electric vehicles and clean-energy products. The vast majority of batteries are nowhere near end of life yet.

Grid 75
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We Need More Than Just Electric Vehicles

Cars That Think

With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. Indeed, adopting electric vehicles will go a long way in helping to improve environmental outcomes. fleet of light vehicles.