In this video, we explore the future of electric vehicle recycling by focusing on electric vehicle battery recycling. With the increasing adoption of electric vehicles in the market, the disposal of their batteries has become a significant concern. Electric vehicle batteries have a limited lifespan, and when it reaches its end of life, it becomes unusable and a hazard to the environment.
Redwood Materials has received a $2 billion loan for EV battery recycling. Chemical recycling involves breaking down the battery cells into their chemical components, recovering valuable materials that can be used to produce new batteries. Redwood Materials is in the lithium-ion battery recycling business, they are in the process of discovering the best way to reuse the materials inside batteries that are no longer serviceable to make new batteries without having to mine and process new materials. Will this work?
This #Tesla former employee is behind the company, lets see what they are doing.
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00:00 Reviving Dead #Batteries: The Future of #electric #car #recycling
00:15 Redwood Materials
01:31 battery recycle success
02:00 Lithium Ion batteries
02:37 growth potential - profitable
02:58 Inflation Reduction Act
03:15 Investments in the future
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