High and low demand scenarios for cobalt used in electric cars in the EU 2019-2030

Forecast high and low demand scenarios for cobalt used in electric vehicles in the European Union (EU) from 2019 to 2030 (in metric tons)*

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Release date

November 2018

Region

EU

Survey time period

2017

Supplementary notes

* Forecasts based on ERTRAC (European Road Transport Research Advisory Council) two scenarios exercise.

Low scenario: estimates electric vehicles to make up 4-5 percent of car market by 2020 and further increase to 20 percent by 2030.
High scenario: estimates electric vehicles to make up 8-10 percent of car market by 2020 and further increase to 70 percent by 2030.

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