Lithium-ion batteries are some of the most commonly used batteries today. But are they a good solution to the energy storage problem? Short answer: no.

Concerns

#Need for cobalt Major problem
#Need for lithium Minor problem
#Energy in manufacturing Manageable
Recycling Probably solvable
Performance in winter Manageable

Need for cobalt

Suppose all vehicles ran on lithium-ion batteries:

ev.battery
65.2 kWh
Energy capacity of the average electric vehicle battery
Useable battery capacity of full electric vehicles
https://ev-database.org/cheatsheet/useable-battery-capacity-electric-car
world.cars
1.446 billion
commercial_factor
2
Without this, we'd be calculating for just personal vehicles. But we also need to factor in commercial vehicles such as buses and trucks. These vary widely in size, and data is hard to find, so for simplicity sake, we just assume that they'd add up to about the same as personal vehicles - thus doubling total energy storage needed. This assumption is based on the fact that freight trucks are a somewhat smaller share of energy demand than passenger vehicles, but the trucks probably need a longer range.
li_ion.cell_voltage
3.6 volts
Voltage of a single lithium-ion cell.
https://www.cei.washington.edu/education/science-of-solar/battery-technology/
https://www.fluxpower.com/blog/what-is-the-energy-density-of-a-lithium-ion-battery
It's 3.6 volts for the "cobalt type" of lithium-ion battery. Other types might have a very slightly different voltage.
li_ion.lithium_by_energy
0.3 grams per amp hour li_ion.cell_voltage
To store a given amount of energy in lithium-ion batteries, this is how much lithium would be needed.
https://batteryguy.com/kb/knowledge-base/how-to-calculate-the-lithium-content-in-a-battery/
The article says lithium per amp hour. We convert this to lithium per watt hour (energy), by including the cell voltage.
lithium.reserves
18425000 tonnes
Lithium metal: Total global mineral reserves
https://www.statista.com/statistics/268790/countries-with-the-largest-lithium-reserves-worldwide/
Added up all the countries: 9,200,000 + 4,700,000 + 1,900,000 + 1,500,000 + 750,000 + 220,000 + 95,000 + 60,000 = 18,425,000 metric tons
li_ion.cobalt_by_energy
20 kg per 100 kilowatt hours
To store a given amount of energy, in lithium-ion batteries (cobalt type), this is how much cobalt would be needed.
https://www.energy.gov/eere/vehicles/articles/reducing-reliance-cobalt-lithium-ion-batteries
cobalt.reserves
7.1 million tonnes
Cobalt metal: Total global mineral reserves
https://www.statista.com/statistics/264930/global-cobalt-reserves/

li_ion.cobalt_by_energy * world.cars * ev.battery * commercial_factor % cobalt.reserves (calculation loading) So, besides needing far more cobalt than we could ever mine from the earth(...)( well, technically maybe we'd find more cobalt reserves, but don't count on it ), there would also be major environmental damage and child labor if we tried.

This problem could maybe be overcome by solving lithium-ion/challenge 1.

Need for lithium

Consider a similar calculation for lithium: li_ion.lithium_by_energy * world.cars * ev.battery * commercial_factor % lithium.reserves (calculation loading) At least it's viable - although there would still probably be a big environmental footprint.[QUANTIFICATION needed] We'd have to make sure that all EV batteries eventually get recycled.

Note: this still doesn't include the additional energy storage we'd need on the power grid if solar and wind were major energy sources. This is less than what's needed for vehicles, but in total we'd probably slightly exceed global lithium reserves.

Energy in manufacturing

Averaged over the lifespan of the vehicle:

li_ion.rq_energy
57 kWh per kWh
Energy required to manufacture a lithium-ion battery
Factory energy only. DOES NOT include the energy involved in mining the materials.

"Based on public data on two different Li-ion battery manufacturing facilities, and adjusted results from a previous study, the most reasonable assumptions for the energy usage for manufacturing Li-ion battery cells appears to be 50–65 kWh of electricity per kWh of battery capacity."
Source:
Energy use for GWh-scale lithium-ion battery production
Institute of Physics - IOP Publishing
https://iopscience.iop.org/article/10.1088/2515-7620/ab5e1e
ev.lifespan
8 years

li_ion.rq_energy * ev.battery / ev.lifespan kWh/day (calculation loading)

Compared to how much energy you'd expect to consume by using the vehicle:

average_us_vehicle.mileage_by_time
32 miles/day
Distance driven by the average American vehicle
Top Numbers Driving America's Gasoline Demand
https://www.api.org/news-policy-and-issues/blog/2022/05/26/top-numbers-driving-americas-gasoline-demand
electric_car.efficiency
100 miles per 34.6 kWh
The "gas mileage" equivalent for an average electric car.
Average Electric Car kWh Per Mile [Results From 231 EVs]
ecocostsavings.com/average-electric-car-kwh-per-mile
Data originally from epa.gov/fueleconomy
li_ion.charge_discharge_efficiency
85%
When you charge a lithium-ion battery, this much of the energy can be recovered. The rest is lost as heat.
Range: 80 to 90 %
from wikipedia; haven't found original source yet

average_us_vehicle.mileage_by_time / electric_car.efficiency / li_ion.charge_discharge_efficiency kWh/day (calculation loading)

From this perspective, it seems that the energy in manufacturing the battery is reasonable enough.

Note: This doesn't include the energy involved in mining for the minerals to make the battery. (...)( In general, the rarer the mineral, the more energy it takes to mine. ) But we already saw earlier that mining (cobalt) was a problem regardless.

Similar calculations could be done for non-vehicle energy storage.

See also