Dead EV batteries turn to gold
Dead EV batteries turn to gold
Category
🗞
NewsTranscript
00:00 Companies are scrambling to recycle electric vehicle batteries.
00:04 This, after a clause in the U.S. Inflation Rate Act, automatically qualifies EV battery materials
00:10 recycled in the U.S. as American-made in exchange for subsidies regardless of origin.
00:17 This means qualifying automakers using U.S. recycled battery materials for incentives in the production of EVs.
00:24 This also encourages car manufacturers to research more on recyclable batteries.
00:30 The move would eventually make it harder for buyers in developing countries to purchase old-use EVs.
00:36 China now holds virtually all EV battery recycling in the global market,
00:41 which has a projected growth of $18 billion by 2028.