<
https://www.reuters.com/business/autos-transportation/dead-ev-batteries-turn-gold-with-us-incentives-2023-07-21/>
"POOLE, England, July 21 (Reuters) - A little-publicized clause in the U.S.
Inflation Reduction Act has companies scrambling to recycle electric vehicle
batteries in North America, putting the region at the forefront of a global
race to undermine China's dominance of the field.
The IRA includes a clause that automatically qualifies EV battery materials
recycled in the U.S. as American-made for subsidies, regardless of their
origin. That is important because it qualifies automakers using U.S.-recycled
battery materials for EV production incentives.
Reuters interviewed more than a dozen industry officials and experts who say
that is kicking off a U.S. factory building boom, encouraging automakers to
research more recyclable batteries, and could eventually make it harder for
buyers in developing countries to buy old used EVs.
China handles virtually all EV battery recycling in a global market projected
to grow from $11 billion in 2022 to $18 billion by 2028, according to research
firm EMR. As more EVs are introduced and age out of the vehicle fleet, that
business will grow."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-poverty-india-democracy-us-restoration-china/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
