1,300 gigawatt hours of battery capacity would be required for 36 million new e-cars in 2030. But the known cobalt reserves were only sufficient for 11 years with the foreseeable demand today, as the study by the Institute of German Economy (IW) on behalf of the Association of Bavarian Economy (vbw) has shown. That is no reason to panic, says IW-Consult managing director Karl Lichtblau, “but a warning signal that we have to do something at all levels.” Work is being carried out on cobalt-free batteries, “one should not underestimate technical progress. But you have to stay on the ball. “
Only eleven years left – cobalt is running out – new battery technology is needed
