Motorists are lighting up ships at a speed that they can’t keep track of battery manufacturers. As a result, Tesla, GM, Ford and others are investing in battery recovery to reduce costs and reduce risks in an unusual global supply chain.
Batteries are basically an inexpensive and environmentally friendly way to extract and recycle high-quality minerals and materials, Tesla CEO Elon Mook said at a shareholders’ meeting last week.
“Recycling batteries costs money,” says Musk, adding that “you can get your lithium and nickel and various elements from rocks or batteries. It’s better to have them than batteries. ”
There are about two billion cars and trucks in the world, and electric cars are less than 1 percent of ships, he said. Tesla cannot get enough batteries from its suppliers to meet the demand for the cars, so reusing batteries is one way to alleviate the shortage.
“Some suppliers ask me outright – do we get them out of business or something? No, we buy as many cells as they want to produce and supply at an affordable price. There are no limits. ” .
Due to the difficulty and cost of delivering batteries to utilities, less than 5 percent of lithium-ion batteries will be reused today, according to Pichbook data.
The market for used batteries is currently only $ 2 billion, and Pickupbook estimates that it will grow to $ 27.3 billion by 2030. Ford, for example, has invested $ 50 million in Redwood equipment to recycle battery packs.
The production of battery-powered electric vehicles worldwide is expected to reach 16 percent of total vehicle production by 2028, the study said. Recycling batteries will help offset material costs, writes Gartner analyst Sirihar Srinivasana.
Until last year, battery recycling policies focused on devices such as smartphones and laptops. Toyota Prus is the only major battery car on European roads, and the 2006 European Battery Guide ignored cars.
Last year, however, the EU began revising its guidelines for electric vehicles, making it easier to assemble and disassemble car batteries.
GM is planning all electric vehicles and plans to ship 30 electric vehicles by 2025. In collaboration with LG Energy Solution, also known as GM Cellular Cell, it has recycled up to 100 recyclables. A piece of material that can be reused to make new batteries.
Li-psychic recycle batteries are re-sold to the supply chain. Opened this year, the company in Kingston, Ontario, is currently processing 5,000 tons of lithium ion and has won contracts with 70 battery suppliers in a number of industries.
Recycling makes car batteries cheaper and makes products such as electric vehicles more affordable, said Aje Kochachaar, general manager of Li-Cycle. The record.
Cochchair is expected to have more than 2 million tons of lithium-ion batteries worldwide for recycling by 2025, he said. Mainly driven by an electric vehicle revolution ”
Secondary supply of essential materials such as lithium, cobalt, nickel and manganese will help ease inflation, Kochaar said.
Tesla’s long-range cars use nickel-based cathodes because of its high energy content, but the company is moving to metal-based chemistry for regular range and permanent storage, arguing that there is a lot of music, nickel and iron.
“In the future, too many batteries will be metal-based,” he added.
The adoption of a reusable aluminum-air battery chemistry that is four times the capacity of lithium batteries could lead to a choice in the future, according to Gartner.
Recycling batteries can create new businesses such as battery-powered services or battery rental, said Richard Cole, head of policy and regulatory affairs at the Li-Cycle website last week.
Some vehicles, according to commercial vessels, run many miles in a very short period of time, and the reuse of batteries from those cars should be considered from day one.
He suggested that reused batteries could eventually reduce the cost of the vehicle or its performance.
In trade disputes, Europe and the United States are formulating policies to remove recycled materials from domestic batteries and return them to local or regional manufacturers, reducing reliance on an unstable supply chain.
A search team set up by the EPA in California is examining policies regarding the collection and reuse of car batteries.
“Governments have a big idea about carbon / environmental tax,” said IDC Research Manager, Next Generation Automobile and Transportation Mat Arcaro. By reducing the amount of carbon needed to create an EV battery into multiple applications or reusing it, it significantly reduces the vehicle’s total carbon consumption. ®