Where the circular rubber hits the road, literally 🚘
As EV and battery manufacturers recognize the need for circularity, they're faced with the same challenges circularity experts have been talking about for the past decade:
🌐 Regulatory Uncertainty: Future regulations regarding battery recycling remain uncertain, with potentially significant impacts on the recycling process. Clarity is essential.
🤝 Ownership Dilemma: The question of who will own end-of-life EV batteries is up in the air. Battery manufacturers, carmakers, and consumers all have a stake, creating supply challenges for recyclers.
🚚 Logistics and Business Model Hurdles: Recycling production scrap is different from end-of-life vehicle batteries, requiring distinct logistics and business models.
🔄 Closed Loop Systems: While some explore closed loop systems, partnering carmakers and recyclers, logistical complexities may affect long-term sustainability.
🔌 Multi-Purpose Batteries: End-of-life batteries, unsuitable for EVs, still have potential value in other applications like lighting and energy storage. Deciding their best use is a puzzle.
🔬 Tech and Politics: Technological advancements and political dynamics, especially in Europe and the US, are shaping the battery recycling landscape. EU regulations aim for a battery "circular economy," while supply chain diversification efforts are ongoing.
It's a captivating journey to witness this industry transformation as theory meets reality! #circulareconomy #EV #electricvehicles #circularity #businesstransformation
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Investment & Growth Hacking Expert | Founder & CEO at FundFixr
2moThe shift towards a circular economy in automotive manufacturing is crucial for sustainability. Innovation and regulation are key to overcoming challenges in EV battery recycling. Frank Terlep