Cobalt, Motorways and London's e-scooter trial
The latest news from the world of EV
Hello and welcome back to The Fast Charge, the electric motoring newsletter. My name is Tom Riley.
Apologies (again) this edition is quite late. My days are being ruined at the moment by a vicious stomach bug.
Interesting news today that Ford manufacturing is returning to America as the company learns from the various supplier risks they’ve had in the last year. Also, a new road tax has been suggested to MPs to cover an expected gap in public finances. Yikes.
As ever, do drop me an email at tomrileylondon@gmail.com if you have any feedback, questions or comments.
In the news…
PRECIOUS METALS: According to the Financial Times, the key metal for EV batteries, cobalt, has risen in price by over 40% this year. Its value is expected to continue to rise significantly this year and all the way to 2024 where it could double in value from today. Many manufacturers have said they will look to use less cobalt in their batteries in future, given it’s mined in the Democratic Republic of Congo - a sort…