EV batteries are the highest cost component in an electric car or truck. The high-end alternative to fossil fuels comes at a cost.
EV Batteries Use Cobalt
Cobalt is the material that any battery producers uses to line the interior of the battery. The internal components are extremely corrosive. Cobalt is a special metal that, when lining the battery, cuts down on the impact of the corrosive material.
Cobalt is also the most expensive part of a battery.
From your cell-phone to your vape to anything else that utilizes a charge in order to work, cobalt is used. It actually dramatically adds to the overall cost of whatever product is utilizing it.