Critical minerals and materials are a key element of the ongoing transition to an energy economy that is decarbonizing and lowering energy costs to American families and businesses, and also critical to national competitiveness.
- Department of Energy, United States of America
The Opportunity
The global EV market is projected to grow at an 18.7% CAG, and 15.5% in the U.S. By 2030, up to 500k tons of battery scraps will be generated annually in the U.S.
Steady growth in EV sales creates a substantial opportunity for cost-effective, scalable recycling solutions.
EV market projected to grow globally
0 to 41B by 2030% CAGR
In the U.S
0 CAGR to $3.1B by 2030
Of battery scrap will be generated annually by 2030