As automakers bet their futures on electric vehicles, they’re beginning to confront the hard realities of economics and physics. Prices for nickel and cobalt, two key elements used in EV batteries today, have skyrocketed, far outpacing inflation. At the same time, existing lithium-ion battery technology is improving, just not fast enough.
That’s sent companies searching for alternatives, from solid-state batteries to exotic materials and components. Many of those are years away from commercial use, though.
Mujeeb Ijaz, founder and CEO of Our Next Energy, thinks we already have many of the piec
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