The sustainability problem
The aim of truly sustainable vehicles will only be achieved if electric vehicle (EV) batteries are recycled. While the technologies to recover metals from batteries already exist, they need to be applied at scale. During the next few decades, battery recycling will be one of the most dynamic areas of the circular economy.
The market share of EVs has risen rapidly during the past few years. Around one in three cars sold in China and around one in five cars sold in Europe currently come with a plug — they are either pure electric cars or plug-in hybrids. Looking ahead, we are very convinced about further sales growth. Across the world’s major car markets in China, the US and Europe, we project the market share of newly sold EVs to reach 75% in 2030 and more than 95% in 2050.
