The infrastructure to recycle electric vehicle (EV) batteries is currently not optimized either to handle end-of-life battery capacity or to meet critical materials demands placed on the market with the ramping-up of electrification, according to US-based consultancy Lux Research.
In a report issued on Thursday November 18, the consultancy said that, despite a flurry of activity in the past few years, widespread battery recycling adoption was being hindered by technology limitations and uncertain profitability.EV batteries contain key minerals such as cobalt, nickel, lithium, copper and manganese, and recycling them would help to create a more circular economy...