Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The 4 startups are betting they can cash in by recycling old batteries into new ones.
By Nora Naughton
Demand for the precious metals used in electric vehicle batteries is expected to skyrocket as millions of these plug-in cars hit the road and American giants like Tesla, GM and Ford invest in battery production.
Sourcing these materials today is expensive, complex, and fraught with accusations of exploitative tactics across the globe. However, these materials are also highly recyclable and reusable, and do not break down in the same way as other mined materials, making electric vehicle batteries ripe…
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