In recent years, the new energy vehicle market in the United States has continued to grow.
It is understood that the United States is the third largest auto market in the world. Tesla, Rivian, GM, Ford, etc. have all gathered here, and have proposed ambitious electrification strategies, which has brought huge demand for power batteries.
According to the plan, Tesla will achieve annual sales of 20 million vehicles by 2030; GM plans to achieve full electrification by 2035; by 2030, Ford plans to have a 40% penetration rate of electric vehicles. In addition, the U.S. government has set a goal of increasing the proportion of electric vehicles to 50% by 2030, and federal government vehicles and post office delivery vehicles are driving the switch to electric vehicles.
It is speculated that in 2030, the penetration rate of new energy vehicles in the overall market in the United States will exceed 12 million units, with a penetration rate of more than 50%, corresponding to an installed power battery demand of about 1,430 GWh.
With the increase in the penetration rate of electric vehicles, the waste battery recycling industry will also usher in development. From a global perspective, in 2030, developed countries are expected to have 145 million electric vehicles on the road, and more than 12 million tons of lithium-ion batteries will be retired by then.
It is understood that power batteries contain a large amount of recyclable high-value metals, such as lithium, cobalt, nickel, etc. In addition, waste power batteries contain many heavy metal substances, which have a serious impact on the environment. The use of recyclable raw materials will also help car manufacturers and battery manufacturers to cope with stricter regulatory requirements and investment reviews.
After the establishment of a closed-loop battery recycling supply chain, it can relieve the pressure of obtaining raw materials through mining, further reduce environmental pressure, and realize the recycling of waste batteries and reduce battery costs.
In recent years, many overseas companies have deployed in the field of waste battery recycling. In February of this year, foreign media reported that Redwood Materials was launching an electric vehicle battery recycling program in California, with Ford and Volvo as the first partners.
Georgia will be invested $43 million to build a battery recycling facility to dispose of as much used batteries from battery storage systems as possible.
