- Global stock of electric vehicles (EVs) could reach 245 million units by 2030, according to the International Energy Agency.
- While EVs emit less CO2, their batteries are tough to recycle.
- Made from cobalt, lithium and nickel, the mining of these raw materials raises ethical and environmental concerns.
- Creating a circular supply chain by recycling the batteries’ raw materials will be vital in reducing their environmental impact.
Electric vehicles (EVs) may reduce emissions, but the lithium-ion batteries on which they run pose a unique sustainability challenge.
EVs will be vital in reducing air pollution and meeting climate change goals. To achieve this, the International Energy Agency (IEA) forecasts that global EV stock will need to grow by 36% a year, reaching 245 million vehicles in 2030.