Recyclability of Electric Vehicle Batteries Scrutinized

Vinayak Yannam, manager of business research and advisory at Aranca explained, the variations in batteries comes in the form of different number of cells – some are lithium ion based, while some are nickel metal hydride batteries.

“Basically manufacturers are using their own formulations,” said Yannam, who actively tracks developments in the manufacturing and automotive sector across the U.S., UK, Germany, Japan and China. “There are only a handful of specialist recyclers currently operating in the market. Further, owing to the small base of electric vehicle batteries that need recycling, it is currently not economically viable for recyclers. As a result, the current lot of used electric vehicle batteries is being stored away until it becomes economically viable to recycle them.”