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Tesla is the king of EV delivery in the first quarter

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Four years ago, Elon Musk declared that his Tesla vehicles were going to have batteries that were cobalt free. 

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The first quarter of this year, amid the tremendous din of Musk’s desired acquisition of the social platform Twitter, 

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, Tesla revealed that nearly half of its vehicles produced in that time frame featured cobalt-free lithium iron phosphate (LFP) batteries.

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Simon Alvarez, in Teslarati, writes that LFP batteries are not new but make up little of the electric vehicle market in the United States, Canada and the European Union. 

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The LFP batteries are a component of the EV market that is being pursued by a number of automobile manufacturers as demand for cobalt continues to increase — and correspondingly its price. 

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Benchmark Mineral Intelligence, as reported in TheStreet, expects more than 30% growth in cobalt demand due to new model launches and government legislation. 

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