As global battery demand continues to surge, the number of end-of-life batteries from electric vehicles alone is expected to grow from 1.2 million in 2030 to 14 million by 2040. Battery circularity technologies enable the reuse and recycling of these batteries and, as with battery technologies more generally, Asia currently leads the way. At the same time, there has been significant growth in European innovations.
Most of the batteries in EVs are still in service. As the tech ages, their is going to be a need for a robust recycling program. Led-acid batteries (the kind in gas cars) already has a 90+% closed supply system which means the primary input for new batteries is old batteries.
With robust recycling, resource extraction can actually go down even as we use more and more batteries.
Most of the batteries in EVs are still in service. As the tech ages, their is going to be a need for a robust recycling program. Led-acid batteries (the kind in gas cars) already has a 90+% closed supply system which means the primary input for new batteries is old batteries.
With robust recycling, resource extraction can actually go down even as we use more and more batteries.
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*Lead-acid