According to people familiar with Apple’s rumored EV plans, the tech giant is choosing to use lithium and phosphate batteries because they use iron instead of the more expensive to produce, nickel and cobalt.
This is a big deal since most EV fans are hoping that Apple would disrupt the EV industry the same way they disrupted the phone industry. Apple would its knowhow could push the EV battery technology forward. It has already been reported that Apple is working on its own battery technology. This is exciting news.