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

Green Car Congress

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. The report predicts that, under average conditions, demand will outgrow supply by 64,000 tonnes in 2030.

Supplies 259
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Cobalt Market Report: EVs become the major driving force for cobalt demand growth in 2021

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Demand rose by 32 kt in 2021 alone compared to 51 kt in the 5 years from 2015-20. Supply also returned to growth in 2021, with mine supply rising 12% y/y to 160 kt, after falling in 2020. kt in 2021, 12% of the DRC’s total supply. kt in 2021, 12% of the DRC’s total supply.

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

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Several of the raw materials used in electric vehicle components have questionable mining practices or volatile supply chains, leading OEMs to change the way they make batteries and motors. 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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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

passenger-vehicle fleet over the period between 2015 and 2050. Even so, working within that budget would require a 30 percent reduction in the projected cumulative emissions from 2015 to 2050 and a 70 percent reduction in annual emissions in 2050, compared with the business-as-usual emissions expected in a world without EVs.