Latest news with #BatteryWasteManagementRules2022
Time of India
8 hours ago
- Automotive
- Time of India
Circular EV economy: Turning battery waste into wealth
India's Electric Vehicle (EV) market has entered the fast lane, with a 20 per cent increase in sales in the past year. Projected to reach $113.99 billion by 2029, India's EV market is poised to lead the global EV revolution, with nearly 2 million EVs sold across the country in 2024. This surge can be attributed to multiple factors, including robust government support through incentives and subsidies, better EV infrastructure, and a growing market for cleaner, sustainable mobility solutions . Purchasing an EV offers numerous advantages, like lower running costs, relatively easier maintenance, potential tax benefits, and reduced emissions and pollution. However, have you ever wondered about the heart, i.e., the battery of an EV? The EV battery India's EV battery market is experiencing an upswing, projected to grow from $16.77 billion in 2023 to $27.70 billion by 2028. This indicates the country's ambitious plans for electrification, but it also implies a corresponding surge in the volume of used batteries in the future. While the end product is a more sustainable alternative compared to a vehicle running on fossil fuels, the process of extracting lithium can be resource-intensive and pose environmental risks. However, the million-dollar question now is, what happens to the batteries after their life cycle? The afterlife Most EVs today are sold with an 8-10-year warranty on their batteries. Once the battery's performance drops below 70-80 per cent of its original capacity, it's no longer suitable for use. But, this doesn't mean that it is the end. EV batteries can be repurposed for multiple secondary uses, including energy storage for solar power systems, grid stabilisation, or even backup power solutions. This second lease of life can extend their utility for several more years before they truly become unusable. However, without structured recycling infrastructure and waste management, batteries can end up in landfills, with toxic waste leeching into the soil and water. EV Waste in India: The current scenario As per recent government data, recyclers in India have collected over 2,750 metric tonnes of lithium-ion waste batteries from EVs in three years. This number is expected to rise exponentially, with the first major wave of decommissioned EV batteries projected to emerge between 2026 and 2030. Given the hazardous nature of battery components, improper disposal can pose serious environmental and health risks. The lack of comprehensive recycling mechanisms further exacerbates the challenge, making sustainable innovation non-negotiable. That said, it's essential to understand where India stands on being prepared to deal with EV battery waste. India's regulatory and recycling infrastructure India introduced the Battery Waste Management Rules 2022, which make Extended Producer Responsibility (EPR) mandatory for all EV and EV battery manufacturers. This makes producers accountable for the collection, repurposing, and recycling of EV batteries when they near the end of their lifetimes, marking a significant policy shift towards a circular economy. Indian companies like Attero, Lohum, and Metastable Materials are also developing proprietary recycling technologies capable of recovering up to 95 per cent of valuable metals such as lithium, cobalt, and nickel from used batteries. These materials can be reintroduced into the manufacturing process, reducing reliance on imports and lowering environmental impact. However, India's current recycling capacity requires a rapid, efficient scale-up across states. Fortunately, automotive OEMs are stepping in, taking accountability for the EV batteries they produce. The OEM response Automotive players, including Tata Motors, Mahindra Electric, Ola Electric, Hyundai, and MG Motor, are partnering with recyclers to establish battery take-back programs and reverse logistics chains. Several companies are also exploring battery second-life applications in energy storage, rural electrification, and telecom backup, particularly for batteries that still retain 60–70 per cent of their original capacity after vehicle use. OEMs are implementing battery management systems with tracking capabilities to ensure traceability across the battery lifecycle, which is critical for EPR compliance and resale. While these efforts are still in the nascent stages, the industry is gradually integrating circularity into product design, supply chains, and post-use strategy. Towards better sustainability The EV ecosystem must go beyond compliance and embrace circular innovation through standardisation and increased investments in domestic recycling. Further, India must integrate recycling education into EV workforce training and expand incentives for start-ups building sustainable battery solutions. India has a critical window of opportunity to create a circular economy framework around EV batteries before the waste becomes unmanageable. Building robust ecosystems for battery reuse, repurposing, and recycling can transform end-of-life batteries from an environmental liability into an economic asset. The future of mobility must be green, not just on the road but even after the battery is recharged for the final drive. Managing an EV battery's afterlife effectively is key to ensuring that India's energy transition is sustainable and secure. With responsible management, we can turn battery waste into wealth, building a truly circular EV economy .
Yahoo
30-05-2025
- Business
- Yahoo
OEMs Forge Partnerships to Create Stable Battery Supply Chains
The battery recycling market is driven by sustainability efforts, mergers, and acquisitions to enhance technological capabilities. Key players like Umicore and Li-Cycle focus on securing raw materials and forming closed-loop systems with OEMs to meet rising EV demand. Challenges include high recycling costs and complex processes. APAC leads the market share, driven by strict regulations and incentives. Battery Recycling Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Battery Recycling Market - Global Outlook & Forecast 2025-2030" report has been added to Battery Recycling Market was valued at USD 22.75 Billion in 2024, and is projected to reach USD 41.66 Billion by 2030, rising at a CAGR of 10.61%. APAC dominated the global battery recycling market share, accounting for over 57% of global revenue in 2024. APAC, dominated by China, Japan, and South Korea, remains the largest battery production hub and is rapidly expanding its recycling capacity. China, in particular, enforces strict recycling mandates and supports industry growth through subsidies and technology incentives. Government policies, such as China's "New Energy Vehicle" (NEV) regulations, require battery manufacturers to be responsible for recycling, further supporting battery recycling market growth. Australia is emerging as a key player in Lithium-ion battery recycling due to its vast mineral resources and growing EV adoption, with a focus on refining recovered materials for battery-grade reuse. In India, the Battery Waste Management Rules 2022 require producers to ensure responsible recycling and reuse. Also, companies like POSCO, Hyundai, and Panasonic are integrating battery recycling into their supply chains to meet ESG North America, stringent environmental regulations, coupled with government incentives and corporate sustainability goals, are accelerating the growth of lithium-ion battery recycling, in the US and Canada. Companies are investing in advanced hydrometallurgical and direct recycling technologies to improve material recovery efficiency. Furthermore, Europe leads in policy-driven initiatives, with the EU Battery Regulation mandating higher recycling rates and the use of recycled materials in new batteries supporting the battery recycling market growth. Strong investments in gigafactories and a circular economy approach further enhance the region's competitive advantage. Meanwhile, Latin America, and the Middle East & Africa, though still in the early stages, hold potential due to their rich raw material reserves, and investment in local recycling infrastructure could enhance supply chain security for global battery markets. Mergers & Acquisitions in the Battery Recycling MarketThe global push for sustainability and the rapid electrification of transportation have driven a surge in the battery recycling market. As industries work toward a circular economy, companies in the sector are actively pursuing mergers and acquisitions (M&A) to strengthen their technological capabilities, expand market reach, and secure access to critical raw materials like lithium, cobalt, and nickel. In December 2024, Ace Green Recycling, one of the leaders in sustainable battery recycling technology, announced a merger with Athena Technology Acquisition Corp. II, a special-purpose acquisition company. This deal, valuing Ace at $250 million, is expected to close in the first half of 2025. The merger aims to accelerate Ace's expansion plans, including the development of a flagship battery recycling plant in of Stable Supply ChainsThe increasing demand for EVs has pushed Original Equipment Manufacturers (OEMs) to create their supply chain strategies, particularly regarding the sourcing of critical minerals used in EV batteries. To ensure long-term stability and reduce reliance on volatile global markets, automotive OEMs are now forging partnerships with local recyclers. These collaborations aim to establish closed-loop supply chains where end-of-life batteries are collected, processed, and reintegrated into the production cycle. By working directly with recyclers, OEMs can secure a steady stream of essential materials such as lithium, nickel, and cobalt, which are critical for battery production. This approach mitigates risks associated with geopolitical instability, fluctuating raw material prices, and supply shortages and further strengthens the battery recycling market growth. For instance, in February 2024, Volkswagen Group UK expanded its partnership with Ecobat to recycle EV batteries, supporting a circular energy economy. Ecobat, which has worked with VWG UK since 2014, will collect and process high-voltage batteries at its new UK lithium-ion recycling center, its third globally after Germany and Arizona. Volkswagen plans to invest €180 billion ($195.57 billion) in electrification by 2027, aiming for 50 fully electric models by 2030. High Costs of RecyclingBattery recycling is essential for reducing environmental pollution, conserving valuable materials, and ensuring a sustainable energy future. However, the process comes with significant financial challenges that make it less economically viable compared to producing new batteries, thereby hampering the battery recycling market growth. The costs associated with battery recycling stem from several factors, including complex collection systems, expensive processing methods, regulatory compliance, and the evolving nature of battery technology. These factors create barriers for companies and governments trying to establish large-scale recycling instance, the cost of setting up a lithium-ion battery recycling plant in India ranges from $90,000 to $370,000, depending on factors such as machine cost, plant area, raw materials, and other operational expenses. The price of a lithium-ion battery recycling machine varies based on its processing capacity and configuration, ranging from $70,000 to $350,000. The required plant area depends on machine size and storage needs, with a 500kg/h machine requiring approximately 15m 6.5m 6m, while costs fluctuate based on local rent. India has an abundant supply of waste lithium-ion batteries, which helps reduce raw material costs, though market fluctuations should be monitored. Additional expenses such as transportation, labor, and electricity also contribute to the overall investment needed for setting up the plant. BATTERY RECYCLING MARKET VENDOR INSIGHTSThe global battery recycling market is consolidated, and dominated by a few key players that control a significant share of the industry. Major companies such as Umicore, Li-Cycle, Glencore, Redwood Materials, Stena Metall AB, and LG Energy Solutions dominate the global battery recycling market, leveraging their advanced recycling technologies and global networks. These companies have established partnerships with EV manufacturers, consumer electronics firms, and industrial battery suppliers to secure a steady stream of used batteries. Their expertise in recovering valuable metals such as lithium, cobalt, and nickel enables them to maintain cost efficiency while meeting the growing demand for raw materials in battery production. Additionally, some companies vertically integrate their operations, covering everything from battery collection to material refining, giving them a competitive edge in pricing and supply Battery Recycling Market Latest News & Product Launches In February 2024, Dubatt inaugurated the UAE's first integrated battery recycling plant in Dubai Industrial City with an AED 216 million (USD 58.81 million) investment. The facility can recycle up to 75,000 metric tons of lead-acid batteries annually, supporting sustainability and local manufacturing. In March 2024, Regenerate Technology Global, one of the leaders in advanced battery recycling, acquired Infinion SARL, a Luxembourg-based company operating two Swedish battery service firms. Infinion operates a 204,000 sq. ft. facility in Kolback, Sweden, specializing in battery recycling, car dismantling, and waste management. In October 2024, Hydrovolt launched the world's most automated battery recycling line in Fredrikstad, enhancing efficiency and safety in EV and industrial battery recycling. The facility recovers 1 GWh of residual energy annually, supporting its operations and the power grid. Key Company Profiles Call2Recycle, Inc. Glencore LG Energy Solution Li-Cycle Corp Redwood Materials Inc Stena Metall AB Umicore Other Prominent Vendors ACCUREC ACCUREC-Recycling GmbH Ace Green Recycling, Inc. Altilium American Battery Technology Company Aqua Metals, Inc Ascend Elements, Inc. Attero BASF BatX Energies Bluewater Battery Logistics Collect and Recycle Contemporary Amperex Technology Co., Limited Dubatt Battery Recycling LLC East Penn Manufacturing Company ECOBAT Element Resources DE LLC EXIDE INDUSTRIES LTD FIRST BATTERY Fortum Ganfeng Lithium Group Co., Ltd GlobalTech Environmental Gopher Resource Hydrovolt Livium Neometals Ltd Nickelhutte Aue GmbH RecycLiCo Battery Materials Inc Regenerate Technology Global, Inc. SK tes SungEel Hitech Sunlight Recycling Veolia Key Attributes: Report Attribute Details No. of Pages 335 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $22.75 Billion Forecasted Market Value (USD) by 2030 $41.66 Billion Compound Annual Growth Rate 10.6% Regions Covered Global Key Topics Covered:Market Opportunities & Trends Mergers & Acquisitions in Battery Recycling Market Growing Role of AI in Recycling Rise of Second-Life Batteries Market Growth Enablers Increasing Adoption of Electric Vehicles Government Policies Promoting Circular Economy Creation of Stable Supply Chains Decarbonization and Lower Emission Targets Market Restraints High Costs of Recycling Lack of Infrastructure Market Landscape Market Overview Increasing Demand for Heavy Electric Vehicles Demand Insights Market Size & Forecast Market Segmentation by Source Automotive Consumer Electronic Industrial Market Segmentation by Process Hydrometallurgy Pyrometallurgical Mechanical Direct Recycling Market Segmentation by Geography Battery Recycling Market in APAC China South Korea Japan Australia India Singapore Battery Recycling Market in Europe Germany The U.K. France Spain Italy Belgium Finland Sweden Norway Battery Recycling Market in North America The U.S. Canada Battery Recycling Market in Latin America Colombia Costa Rica Battery Recycling Market in the Middle East & Africa UAE Saudi Arabia South Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Battery Recycling Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
