While the focus of the article is Copper, main points for...

While the focus of the article is Copper, main points for cobalt:

According to UBS - 100% EV penetration will lead to a 1928% increase in Cobalt demand.
The Chevy Bolt battery pack (powertrain) requires 6% Cobalt.

While there is no doubt short term weakness in cobalt price. The fundamentals of cobalt in the medium term are intact - increase EV penetration will lead to increase in cobalt demand.

http://www.visualcapitalist.com/how-much-copper-is-in-an-electric-vehicle/

How Much Copper is in an Electric Vehicle?
NICHOLAS LEPAN
on November 13, 2018 at 12:02 pm


How Much Copper is in an Electric Vehicle?

Copper’s special relationship with electricity has been apparent since ship designers first regularly began installing copper to protect the masts of wooden ships from lightning in the early 19th century.
Today, of course, you might be more used to seeing copper’s electrical applications through the use of power lines, telephone wires, and wiring in practically every major home appliance you own.
Millions of tons get used for these applications every year, but it is still early days for copper’s use in electrification. That’s because copper will continue to be a critical component of the green energy revolution, thanks to the rising adoption of battery-powered vehicles.
WHY COPPER?

Today’s visualization comes to us from Canadian Platinum Corp., and it focuses on showing how much copper is in an electric vehicle, along with the properties that make it the ideal choice for an EV-powered future.
Here is why copper is a crucial component to vehicle manufacturers:
Cost
Copper costs roughly $0.20 per ounce, compared to silver ($15/oz) and gold ($1200/oz), making it by far the cheapest option for electrical wire.
Conductivity:
Copper is nearly as conductive as silver – the most conductive metal – but comes at a fraction of the cost.
Ductility:
Copper can easily be shaped into wire, which is important for most electrical applications.
It’s also important to note that temperature does not affect copper’s conductivity, which makes the metal ideal for automobiles in all climates.
COPPER IN GAS VS. ELECTRIC VEHICLES

The UBS Evidence Lab tore apart a traditional gas-powered vehicle as well as an EV to compare the different quantities of raw materials used.
What they found was crucial: there is 80% more copper in a Chevrolet Bolt, in comparison to a similar-sized Volkswagen Golf.
The major reason for this is that at the heart of every EV is an electric motor, which is built with copper, steel, and permanent magnets (rare earths). Electric motors tend to be much simpler than gas-powered engines, which have hundreds of moving parts.
Incredibly, in an electric motor, there can be more than a mile of copper wiring inside the stator.
THE MORE ELECTRIC, THE MORE COPPER

According to Copper.org, along the scale from gas-powered cars to fully electrical vehicles, copper use increases dramatically.
Conventional gas-powered cars contain 18 to 49 lbs. of copper while a battery-powered EV contains 183 lbs. Meanwhile, for a fully electrical bus, a whopping 814 lbs. of copper is needed.
With the rapidly increasing adoption of electric vehicles, copper will be an essential material for the coming electrification of all forms of ground transport.
Copper is at the heart of the electric vehicle and the world will need more. By 2027, copper demand stemming from EVs is expected to increase by 1.7 million tonnes, which is a number just shy of China’s entire copper production in 2017.