Makes cars cheaper and helps solve the microchip shortage crisis

Red 2022 Ford Mustang Mach-E parked near a charging stating, highlighting EV battery recycling

One of the most pressing issues for electric vehicles is lithium-ion EV batteries. EV battery materials are toxic to the environment, and only a small percentage of EV batteries are recycled. However, in addition to addressing environmental concerns, recycling EV batteries offers two unexpected benefits. This makes electric cars cheaper and helps solve the microchip shortage crisis.

Can you recycle electric vehicle batteries?

2022 Ford Mustang Mach-E | Ford

Currently, only about 5% of lithium-ion batteries in electric vehicles are recycled. This is very little compared to the 95% rate at which lead acid batteries are recycled. The reason why the recycling rate of EV batteries is so low is that, compared to lead-acid batteries, EV batteries are: