The future of automotive lithium-ion battery recycling: Charting a sustainable course

This article looks at the future of used batteries to prepare for final disposal in addition to the large market penetration of automobiles expected to have advanced batteries. It explains the work system that uses recycling of lead-acid batteries as a model of recycling. Recycling of Li-ion battery for automobiles is more complicated and not established. It is because it is necessary to recirculate a battery with a short life cycle for 10 years. Therefore, technical, economic and institutional barriers may be eliminated. In this document we are discussing what steps can be taken to avoid disruption of recycling and to ensure economic and sustainable options at the end of battery life.

We discuss the future of lithium-ion batteries and formulate action plans for the industry's countless participants - mining companies, material manufacturers, battery manufacturers, equipment manufacturers, auto industry, researchers, governments and consumers is needed. Cooperate to improve the sustainability of the most commonly stored energy storage technology. In this example, neither lithium nor cobalt is used, only sodium, iron and organic matter are used. Despite the initial high cost, development based on this approach may conflict with lithium ion batteries. As cost decreases, their higher energy density and longer cycle life can cause them to replace existing vehicle technologies.

According to Frost & Sullivan's report - According to NASDAQ - the lithium electronics industry grew from $ 11.7 billion in 2012 to $ 22.5 billion in 2016, mainly driven by the home appliance and automotive industry. The global lithium-ion battery market is projected to reach $ 67.7 billion by 2022, tripling. At the same time, by 2027 the electric vehicle market will reach $ 750 billion. The share of the automotive industry in the lithium ion battery market last year was 25%, compared to 14% in 2012.

This report provides comprehensive assessment and core insight on lithium ion batteries in many applications such as electronics, automotive and electronic bus, industrial and energy storage systems. Lithium-ion batteries in the field of electronics have been used for 20 years for their compact size and high performance. In the current situation, electric vehicles, hybrid cars and electric buses are most likely to use lithium ion battery technology, for government support and environmental reasons. Therefore, the automotive and electronic bus industry is an important factor to raise the lithium ion battery market to the future peak.

By the end of 2024, the global lithium ion battery market is expected to exceed $ 40 billion. The report covers key growth and scientific challenges in the lithium-ion battery market. Lithium-ion batteries are one of the first choices for portable electronics. Manufacturers of lithium-ion batteries have made a number of research and development to fine-tune technology, reduce the size and weight of batteries, reduce battery costs, and improve power output and safety. In addition, the policy to develop government policies or battery regulated transportation system framework will promote lithium ion battery growth in anticipated years.