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What does cobalt have to do with electric cars?
I’ve been seeing headlines about cobalt shortages and how it’s causing a problem for some electric automakers, but what does cobalt have to do with electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! While electric car batteries are often referred to as “lithium-ion batteries”, lithium is not the only metal used in EV battery production. Cobalt is one of the many other precious minerals besides lithium needed to create the powerful rechargeable batteries used in
electric cars
.Unfortunately, you’ve probably been seeing cobalt mentioned in the headlines because it has been the subject of controversy. Not only is cobalt expensive, but it is difficult to extract and the current demand for cobalt current outpaces the rate at which it can be extracted.
Cobalt is a great material for extending the life of EV batteries, but it is not necessary for battery production, and many EV manufacturers are transitioning away from using it.
Just like electric cars are the future of the automotive world,
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