China's Shocking Dominance in EV Battery Recycling: What the U.S. is Doing to Catch Up!

The transport sector is a major challenge in the quest for decarbonization.

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China dominates the EV battery sector due to its labor costs and market monopoly.

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By late 2021, China had thrice the lithium-ion battery recycling capacity as the U.S.

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The U.S. Inflation Reduction Act of 2022 aims to boost domestic EV sales.

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The U.S. Department of Energy awarded Ascend Elements $480 million in grants in October 2022.

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The U.S. is focusing on domestic battery recycling to reduce raw material imports.

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Cobalt, lithium, and nickel are pivotal and infinitely recyclable battery materials.

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Europe currently exports shredded EV batteries, known as "black mass," to China.

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By 2030, recycled EV batteries could power around 1.5 million EVs.

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