With the decrease of the battery price and the maturity of the reusing technology, the revenue from the reuse of retired power battery will be further improved. The government and related enterprises should increase the research of battery materials and recycling technology so as to reduce the price of batteries and the cost of recycling.
So, it may change the trend of the price of power battery, and then affect the development trend of the industry and the income of enterprises significantly.
Sustainable supply of battery minerals and metals for electric vehicles. Clean energy integration into the whole value chain of electric vehicle batteries. Environmental, social, and governance risks encumber the mining industry. The hindrances to creating closed-loop systems for batteries.
It could be seen that the use costs of power batteries are decreased with the battery prices decreased regardless of the varieties of batteries. The TL battery could reduce to 89.1 €/kWh in 2030 by recycling directly. The LIP battery could reduce to 72.5 €/kWh in 2030 by recycling after echelon utilization.
In fact, the cost of recycling technology reduces with the development of technology gradually, so the use cost of the LIP battery will be relatively lower than the TL battery. Figure 11. The use costs of different power batteries with the battery prices decreased. 7. Policy Suggestion
However, the daily operation of batteries also contributes to such emission, which is largely disregarded by both the vendor as well as the public. Besides, recycling and recovering the degraded batteries have proved to be difficult, mostly due to logistical issues, lack of supporting policies, and low ROI.
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