Cheaper Batteries for Electric Cars

Report: Tesla’s Next Battery Will Make EVs Cost the Same as Gas Cars

A million-mile battery that uses less or no cobalt could be the game changer that pushes EVs adoption into the mainstream.

• Reuters reports that Tesla and Chinese company CATL have come up with a battery solution that will drive down the cost of EVs to reach parity with gasoline-vehicle costs.
• The solution will use less or no cobalt, which is the most expensive element in EV batteries.
• All of this news is expected to be announced at Tesla's upcoming Battery Day, scheduled for the end of May.

More at: www.caranddriver.com/news/a32476367/tesla-battery-electric-cars-cheaper/