Could this New Cobalt-free battery slash EV prices by half?

Описание: Tesla acknowledged that approximately half of all vehicles manufactured in the previous quarter used cobalt-free iron-phosphate (LFP) batteries.

Cobalt, which is typically extracted as a byproduct of nickel and copper mining, is one of the most costly components in a battery. While battery prices fell 89 percent between 2010 and 2020, they still account for around 30 percent of the entire cost of an electric car,

Today, we take a look at how some new battery breakthroughs want to make EVs cheaper.