Electric autos accounted for five.6 % of U.S. light-vehicle registrations final 12 months, up from 3.1 % a 12 months earlier, in accordance with Experian. New EV registrations surged 57 % to 756,534 final 12 months.
Redwood’s restricted pilot exhibits the potential for battery pack recycling as EV gross sales enhance. The firm is constructing a closed-loop recycling system to decrease EV prices and counts main automakers and battery producers, comparable to Ford and Panasonic Holdings Corp., as its companions.
Redwood labored with California auto sellers, dismantlers and aggregators to get well 1,268 end-of-life battery packs weighing half one million kilos. Less than 5 % of these packs had been broken, faulty or recalled, Redwood mentioned.
The battery packs got here from 19 battery electrical and hybrid fashions by greater than a dozen automakers, Redwood mentioned. More than 80 % of the batteries had been lithium ion.
Logistics — transporting the spent batteries safely — is the costliest a part of battery pack assortment and recycling, however rising end-of-life battery quantity will make electrical car battery recycling worthwhile, the corporate mentioned.
The outcomes of this system in California exhibit robust demand for accountable end-of-life battery administration, Redwood mentioned.
“As policymakers across the nation consider proposals to ensure responsible [end-of-life] management of batteries, we encourage them to incentivize responsible recycling here in the U.S., similar to the policies established by the [Inflation Reduction Act],” the corporate mentioned in a press release. “We also urge policymakers to be mindful that, while still in the early stages, market forces and industry partnerships are already at work to create safe, efficient, and sustainable pathways for end-of-life batteries.”
Redwood obtained a conditional dedication final month for a $2 billion mortgage from the U.S. Department of Energy to assist construct its $3.5 billion battery recycling complicated in Nevada.
Source: www.autonews.com