Evolution of Electric Vehicle Battery Reuse and Recycling, Global Market, Forecast to 2025

Evolution of Electric Vehicle Battery Reuse and Recycling, Global Market, Forecast to 2025

NMC Batteries will become a Profitable Proposition in Terms of Recycling; LFP Batteries will have Higher Reuse Value

RELEASE DATE
08-Dec-2020
REGION
North America
Research Code: K3A6-01-00-00-00
SKU: AU02049-GL-MT_24769

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Description

China will continue to dominate the electric vehicle (EV) battery reuse and recycling market because it is the world’s largest EV market. The rising number of EVs on the road is anticipated to increase the cost of the key materials used in batteries (lithium and cobalt, for example). To reduce their dependence on the import of key materials from other countries, many companies have decided to construct their own facilities for the recycling of batteries. Existing recycling methods are based on chemical extraction processes tailored for single, specific elements (mainly, lithium and cobalt). The need of the hour is a new technology/solution that will help to overcome the challenge of having separate extraction processes for various elements.

Given the challenges battery disposal presents, recycling works as an opportunity to increase profit margins and decrease footprint, which will act as additional benefits for stakeholders. Battery manufacturers are working on a unified design that will be easy to dismantle; information can also be shared about battery controlling systems' interfaces and communication protocol.

Collaborations between private and public entities will become an important strategy for effective advanced vehicle battery recycling. Innovative business models such as the Tesla-Umicore partnership create arrangements that are as good for the company as they are for the community; they also demonstrate how a recycling system can be both profitable and environmentally sound. Supportive regulations that focus on the recycling of Li-ion batteries will alleviate material scarcity, lower material costs, and reduce energy usage, emission, and mining-related impacts. Robust investments in collection and recycling infrastructure and technology for new-generation vehicle batteries, along with effective regulations, will promote higher collection and recycling rates for Li-ion batteries.

Author: Prajyot Sathe

RESEARCH: INFOGRAPHIC

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Table of Contents

2019 Highlights

Li-ion Batteries—Types of Chemistries

Li-ion Battery Portfolio and Battery Chemistry Value Chain

The Journey of the Li-ion Battery

Responsibility Scenarios

Key Trends Impacting the Market

Research Scope

Research Aim and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

2019 Highlights

Recovery Process for Used Li-ion Batteries

Recovery Process for Used Li-ion Batteries (continued)

Recycling of Batteries

Li-ion Batteries—Types of Recycling Methodologies and Comparison

Key Trends Impacting the Market

Challenges and Barriers in the Battery Recycling Process

Li-ion Batteries—Types of Chemistries

Li-ion Batteries—Types of Chemistries (continued)

Li-ion Batteries—Types of Chemistries

Li-ion Battery Portfolio and Battery Chemistry Value Chain

Li-ion Batteries—Adoption Trend by OEMs

The Journey of the Li-ion Battery

Design for the Disassembly of EV Battery Packs

Li-ion Batteries—Recycling Value Chain

Responsibility Scenarios

Battery Recycling Companies

Battery Recycling Companies (continued)

Li-ion Batteries—Recycling Value Chain (Basic Outline)

Service and Collection

Dismantling and Sorting

Battery Quality Check

Battery Reuse

Second-Life Battery Application

Battery Scrap

Battery Material Refining

Battery Remanufacturing

Existing Reuse and Recycle Business Models

Existing Reuse and Recycle Business Models (continued)

Recycling and Reuse of EV Li-ion Batteries

Outlook for Battery Reuse and Recycling Policies—US and Canada

Outlook for Battery Reuse and Recycling Policies—Europe

Outlook for Battery Reuse and Recycling Policies—China

Growth Opportunities

Strategic Imperatives

Key Conclusions

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
China will continue to dominate the electric vehicle (EV) battery reuse and recycling market because it is the worlds largest EV market. The rising number of EVs on the road is anticipated to increase the cost of the key materials used in batteries (lithium and cobalt, for example). To reduce their dependence on the import of key materials from other countries, many companies have decided to construct their own facilities for the recycling of batteries. Existing recycling methods are based on chemical extraction processes tailored for single, specific elements (mainly, lithium and cobalt). The need of the hour is a new technology/solution that will help to overcome the challenge of having separate extraction processes for various elements. Given the challenges battery disposal presents, recycling works as an opportunity to increase profit margins and decrease footprint, which will act as additional benefits for stakeholders. Battery manufacturers are working on a unified design that will be easy to dismantle; information can also be shared about battery controlling systems' interfaces and communication protocol. Collaborations between private and public entities will become an important strategy for effective advanced vehicle battery recycling. Innovative business models such as the Tesla-Umicore partnership create arrangements that are as good for the company as they are for the community; they also demonstrate how a recycling system can be both profitable and environmentally sound. Supportive regulations that focus on the recycling of Li-ion batteries will alleviate material scarcity, lower material costs, and reduce energy usage, emission, and mining-related impacts. Robust investments in collection and recycling infrastructure and technology for new-generation vehicle batteries, along with effective regulations, will promote higher collection and recycling rates for Li-ion batteries. Author: Prajyot Sathe
More Information
No Index No
Podcast No
Author Prajyot Sathe
Industries Automotive
WIP Number K3A6-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9807-A6,9813-A6,9882-A6