CIRCULAR ECONOMY FOR ELECTRIC VEHICLES (EV) BATTERIES

In order for lithium-ion batteries to be widely used in electric vehicles, the automobile industry will need more natural resources. The predicted rapid growth in battery demand may create new resource constraints and supply-chain problems. Circular economy techniques are required to improve the resilience and sustainability of automotive supply chains while also reducing primary resource requirements. To better understand current and future flows of cobalt contained in electric car batteries across the European Union, material flow analysis is used. New technologies appear to be the most promising options for significantly reducing cobalt reliance, however they may result in burden shifting, such as an increase in nickel demand. To avoid this, technological advancements must be matched with an effective recycling system.

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