Select metal requirements for EV batteries in vehicles sold in the U.S.
In metric tons
Demand projection:
Pre-IRA
Post-IRA
Bar chart showing the requirements for EV batteries in vehicles sold in the U.S., by select metal. From 2021 to 2035, Nickel is projected to increase from 36k to 695k, Lithium is projected to increase from 5k to 106k and cobalt is projected to increase from 2k to 53k. The projection after the Inflation Reduction Act is an additional 13% for cobalt, 15% for lithium and 14% for nickel.
