【Recycling】The Key to Solving the World's Millions of Retired Electric Vehicle Batteries - Recycling and Reuse of Lithium Batteries

According to the data from the International Energy Agency (IEA), 26% of global carbon emissions came from transportation. Therefore, the promotion of electric vehicles is one of the priorities of the net zero policies of governments in various countries. Reuters estimates that the production of electric vehicles will reach 54 million in 2030, accounting for more than 50% of all automobile production, with the rapid development of the electric vehicle market. However, there is a potential environmental problem of batteries behind the high growth. The process of producing batteries uses a large amount of raw materials, including lithium, cobalt, nickel and other metal minerals. However, a large amount of mining will cause resource depletion. In addition, more than 12 million tons of lithium batteries will be decommissioned before 2030. Waste batteries that are not disposed properly will damage the environment; therefore, how to recycle batteries has become a new market opportunity for the green economy.