A tsunami of electric vehicles is expected in rich countries, as
car companies and
governments pledge to ramp up their numbers – there are predicted be
145m on the roads by 2030. But while electric vehicles can play an important role in reducing emissions, they also contain a potential environmental timebomb: their batteries.
By one estimate, more than
12m tons of lithium-ion batteries are expected to retire between now and 2030.
Hundreds of millions of dollars are flowing into recycling startups and research centers to figure out how to disassemble dead batteries and extract valuable metals at scale.
There is
big momentum behind lithium-ion battery recycling. In its impact report, published in August, Tesla announced that it had started building recycling capabilities at its Gigafactory in Nevada to process waste batteries.
Nearby Redwood Materials, founded by the former Tesla chief technology officer JB Straubel, which operates out of Carson City, Nevada,
raised more than $700m in July and plans to expand operations. The factory takes in dead batteries, extracts valuable materials such as copper and cobalt, then sends the refined metals back into the battery supply chain.
Legislation could help. While the US has yet to implement federal policies mandating lithium-ion battery recycling, the EU and
China already require battery manufacturers to pay for setting up collection and recycling systems. These funds could help subsidize formal recyclers to make them more competitive, Pennington said.
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