The Electric: In a Switch, EV Makers Favor Iron-Based Batteries Over Nickel

Since they began seriously building electric vehicles around 2020, Western automakers have stubbornly clung to nickel-based batteries despite their relatively high cost and vulnerability to supply chain snarls. But in a growing shift, more Western players are moving to lower-cost iron-based batteries, which are likely to be the world’s dominant EV battery chemistry by 2026, according to a new report.