A study by Belgium-based Transport & Environment (T&E) suggests that recycling could significantly cut Europe’s dependence on imported minerals for electric vehicles (EVs) by the end of the decade.
The report highlights the potential for materials from end-of-life batteries and gigafactory scrap to support the construction of up to 2.4 million EVs within Europe by 2030.
However, T&E warns that the European Union (EU) and the UK risk missing out on this opportunity unless they secure recycling projects currently at risk of cancellation.
The research indicates that recycled materials could provide 14% of the lithium, 16% of the nickel, 17% of the manganese, and 25% of the cobalt required for the European EV market in 2030.
This study further projects that Europe could approach self-sufficiency in cobalt for EVs by 2040 if recycling rates increase significantly.
Additionally, the recycling of EV minerals in Europe could potentially eliminate the need for 12 new global mines by 2040, thereby reducing environmental impacts on water, soil, and biodiversity.
Recycling could also reduce the carbon footprint of lithium sourcing by nearly 19% compared to current methods involving extraction in Australia and refining in China, due to Europe’s cleaner electricity grid.
However, the report notes that nearly half of the announced recycling capacity in Europe is either on hold or uncertain.
T&E has urged the EU and the UK to urgently prioritise recycling support through policies and funding programmes.
The forthcoming Circular Economy Act proposal from the EU is expected to bolster local recycling facilities, restrict battery waste exports, and simplify the shipment of end-of-life battery materials across Europe.
T&E senior director for vehicles and e-mobility supply chains Julia Poliscanova said: “If Europe delivers on its recycling plans, it can slash its reliance on imported critical metals. The expected volumes of locally recovered materials can enable Europe to build millions of clean electric vehicles locally.”
“Recycling could cut up to 25% in Europe’s EV battery mineral imports by 2030” was originally created and published by Motor Finance Online, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=675c717bfbf54e40af4c5bbae10bc2e8&url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Frecycling-could-cut-25-europe-162311480.html&c=8951229327498063715&mkt=de-de
Author :
Publish date : 2024-12-13 03:24:00
Copyright for syndicated content belongs to the linked Source.
