NEW YORK—Heavy investment from the private sector and the U.S. government may result in battery recycling initiatives outpacing demand. According to a new report from ABI Research, EV battery recycling facilities plan to have the capacity to recycle 1.3 million batteries annually, but only 341,000 units will be available by 2030.
“There are concerns about a lack of capacity for EV battery recycling, but the opposite is true,” says Dylan Khoo, electric vehicles industry analyst at ABI Research. “Current plans for recycling plants see capacity greatly outstripping the supplies of waste batteries. This will lead to uneconomic utilization rates or, more likely, a delay or scaling down in recycling projects.”