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Since more Canadians are beginning to switch from internal combustion cars to minimize carbon emissions that contribute to climate change, there are more electric vehicles (EVs) on the road than ever before. Other battery types have received a lot of attention in recent years.
Even if all the parts of batteries are recyclable, the main problem is that the recycling market for these goods is not well established. Only a tiny percentage of EVs have useful ends to their lives because they are still relatively new to the automobile industry.
Although the metals are recyclable, they are not valued in the same way as iron and phosphate, although lithium is. Government policy choices are required to encourage the recycling of iron and phosphate equipment.
The Canada EV Battery Recycling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In order to increase the availability of essential metals for the electric car sector, global commodities giant Glencore plc has partnered with a Toronto battery recycling business.
Glencore will deliver scrap metal and shredded batteries to Mississauga-based Li-Cycle Holdings Corp. as part of the long-term supply agreement. Glencore will then get lithium, manganese, cobalt, and nickel recovered from the garbage from Li-Cycle.
A patented method is utilized by Li-Cycle, to collect metals from electronic trash, including old lithium-ion batteries and discarded earphones. Li-Cycle, a Mississauga, Ontario-based company, has created a two-step procedure that can collect and recycle more than 95% of the components in an EV battery.
Batteries are destroyed in the first stage, allowing the second stage to sort and separate the various ingredients. The business claims that its method produces fewer carbon emissions than extracting the same elements from the earth. Their method also aids with the issue of properly discarding batteries that are no longer in use.
In order to scale up the manufacture of electric vehicles (EVs) in North America in the face of supply constraints and growing costs, General Motors has partnered with a Canadian battery recycler to create new batteries using recovered battery materials.
The carmaker contributed to Lithium Recycling, a creator of cutting-edge battery recycling technology, in a Series A financing round through its GM Ventures division. The two businesses will collaborate to create a circular ecosystem for recycling EV batteries, a crucial bottleneck as the sector rushes to phase out petrol engines by the end of the decade.
By onshoring operations and bringing more of the battery life cycle in-house, GM and other automakers are attempting to exert more control over the supply. The majority of automakers have set a timeframe for the phase-out of gas-engine vehicles, by which time it is anticipated that some 15 million tonnes of lithium-ion batteries will be retired.
CANADA EV BATTERY RECYCLING MARKET LATEST DEVELOPMENTS
Extended Producer Responsibility (EPR) schemes for managing and recycling batteries have been introduced in a number of Canadian jurisdictions, including British Columbia, Ontario, and Quebec. These initiatives mandate that battery manufacturers and importers be in charge of managing the end-of-life of their products, including EV batteries.
Collaboration and Investment: Canadian government organizations, including Natural Resources Canada, have partnered with industry stakeholders and funded battery recycling-related R&D initiatives. These programs seek to advance battery lifetime management, provide cutting-edge recycling technologies, and promote a circular economy for batteries.
Infrastructure for Recycling: To meet the rising demand for recycling EV batteries, Canada is aiming to increase its battery recycling infrastructure. To accommodate the special needs of recycling EV batteries, new facilities are being constructed and existing facilities are being modernized.
Universities, research organizations, and business partners in Canada are actively involved in the study and development of EV battery recycling. To increase the effectiveness and environmental sustainability of battery recycling, this includes investigating new recycling techniques, material recovery procedures, and technologies.
Battery Stewardship Programs: To encourage people to properly recycle their spent batteries, especially EV batteries, some Canadian governments have put in place battery stewardship programs. These initiatives promote the value of battery recycling and offer consumers convenient locations to dispose of their old batteries.
