Cobalt is definitely an issue but hopefully battery recycling and using LFP for most vehicles will limit the issue. Non-cango countries also have mines so perhaps companies sourcing responsibly need to be using that as a sales tool (like fair trade for coffee).
Canada, Russia, Australia, etc could easily combine to about 50%+ of the cobalt. Plenty of options exist that aren’t currently economical to mine given labor costs but a 20-30% premium for “ethical” cobalt would solve the issue. Canada alone has 230,000 tons of known deposits.
I’d be willing to bet that the majority of EVs will be using LFPs in just a few years. LFPs are inherently cheaper than NMCs because iron costs much less and is more abundant than nickel and cobalt. LFPs have longer life and are safer than NMCs, that along with their price difference will make them more attractive to most people. The performance is good enough, you can’t build a Plaid with LFPs but for any normal use they are fine. The 0-60 on the LFP Model 3 is 5.8 seconds, slightly slower than the 2170 SR+ but still about the same as my 2006 Chrysler 300C with a Hemi V8, that’s more than enough.
Yes. In the future if LFP is used for all but the high performance vehicles then supply just shouldn’t be an issue. Recycling and ethical sources should be adequate. I hope the shorter range Apteras will eventually switch to LFP but it will take a few years and is covered in depth in other threads. I also remember reading that even in the congo most current production (70%) is traditional mining supported by foreign companies rather than the typical “artisanal mining”
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