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Energy Business Review | Wednesday, May 03, 2023
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Using lithium-ion batteries reduces environmental impact, decreases raw material interdependence, and preserves scarce and essential resources.
FREMONT, CA: Electric vehicles were ignited by the need to conserve energy and the clean energy revolution. Due to their features and performance, EVs are becoming increasingly popular. To power EVs, lithium-ion (Li-ion) batteries are required. Energy storage is expected to grow in the next decade. Globally, the lithium-ion market is worth 46.4 billion dollars.
Is it possible to recycle these batteries since lithium-ion batteries are the only source of power in EVs? Using solar batteries or electric car batteries in large numbers will result in a great deal of toxic residue that must be treated carefully and at a high cost to decompose.
Therefore, recycling electric car batteries is a better option since it provides companies with extra material for battery manufacturing. Batteries would also be cheaper as a result of this.
Although recycling lithium-ion batteries or electric car batteries is a complicated but necessary process since these batteries are manufactured on a large scale, the recycling process is expensive, and it is hard to separate the elements of lithium-ion batteries to be recycled or reused.
The importance of recycling lithium-ion solar and electric vehicle batteries: Recycling solar batteries and electric vehicle batteries is crucial for two reasons: recovering materials and protecting the environment. Globally, approximately 5 percent of lithium-ion batteries are recycled. In comparison to lithium-ion battery manufacturing, recycling statistics are quite low. By recycling solar batteries and electric car batteries successfully, companies are able to gain more material for reuse. As a result, the carbon footprint is reduced, and the process is more efficient.
Batteries can be recycled to reduce pollution in the environment: Apart from the economic benefits of preserving rare materials or battery parts, recycling lithium-ion batteries reduces environmental pollution. If batteries decompose in natural water sources, some of their elements can contaminate the natural environment and even water supplies.
Furthermore, mining elements for batteries is an environmentally destructive process. Different materials adversely affect the environment, so it's better to recycle them as much as possible.
Keeping valuable materials safe: After certain material treatments, solar batteries can be recycled to preserve rare and essential materials. Cobalt, iron, nickel, and other valuable and useful materials are found in lithium-ion batteries. Some of the materials are expensive to mine and process. Additionally, these metals are hard to find, so reclaiming them for reuse is essential. As time passes, precious metals like cobalt become harder to mine and extract. The process and treatment cost more money.
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