As the electric vehicle market grows rapidly, the future of millions of lithium-ion batteries that have become unusable also emerges as an important problem. However, it was stated that the sector can grow sustainably thanks to recycling. Accordingly, it is expected that there will be 85 million electric cars on the roads by 2026.
Recycling of batteries is critical for electric car sales
Batteries constitute a significant part of the cost of an electric vehicle. Batteries that have completed their service life retain a large part of their capacity. Recycling these batteries can reduce costs by allowing the recovery of valuable metals such as lithium, cobalt and nickel.
This will also contribute to making electric vehicles more accessible to the masses. Of course, it should be noted that they are not suitable for direct use in vehicles.
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According to the results shared by a research company, 62 million electric cars will be on the roads by the end of 2025. Hybrid vehicles will reach 23 million units in 2025.
Recycling offers economic advantages for electric car sales in addition to its environmental benefits. Disposing of lithium-ion batteries into nature causes the leakage of toxic substances that can cause soil and water pollution. While these risks are minimized thanks to recycling, more budget-friendly electric vehicles can be produced by reducing the need for raw materials.
On the other hand, customs duties applied to leading automobile manufacturers such as China stand out as a factor that can negatively affect the growth of the sector. Recycling can help balance the price increases created by these taxes by reducing battery costs.
