Author: Doug Hamilton, ABTC Head of Policy
This past week, we have witnessed a tremendous shift in the nation’s priorities to secure the future of green energy and transportation, all of which American Battery Technology Company (ABTC) highly commends. On August 1, the U.S. Senate unveiled the $1 trillion bipartisan Infrastructure Investment and Jobs Act which includes a heavy emphasis on electric vehicle and green energy industry investments. If the legislation is passed as it currently stands, then the electric vehicle industry alone would receive $7.5 billion. The legislation also calls for federal investments in battery recycling technologies to help build out the domestic supply chain of these critical materials.
Additionally, President Biden signed an Executive Order on August 5 which calls for 50% of new vehicles sold by 2030 to be zero emissions vehicles, such as EVs. This initiative would dramatically increase the sales of electric vehicles, a mode of transportation that is already rising in popularity. The administration’s latest push would continue to increase the demand for the lithium-ion batteries that power them. This again emphasizes the critical need for additional infrastructure to create and support a secure and environmentally friendly U.S. battery supply chain to lessen our dependence on foreign suppliers.
These historic infrastructure investments and presidential objectives should provide a crucial boost to produce critical minerals used to create the batteries needed for these EVs, providing long overdue support to the country’s lithium-ion battery recycling industry.
Recycling is a key factor in strengthening and securing the U.S. critical mineral supply chain in the face of stiff and entrenched competition from countries such as China. Recapturing battery metals from the spent batteries of EVs and consumer electronics creates a circular economy. This platform is significantly more efficient and sustainable, as this process can reduce primary demand for these materials and keep these batteries out of landfills. ABTC’s closed-loop hydro-based battery recycling platform is a leading example of how the industry can move forward, with the right support, to meet the country’s needs in a sustainable and innovative manner. The U.S. needs to be proactive in its approach to and support of battery recycling. Congress’ bipartisan infrastructure bill and President Biden’s new Executive Order mark two significant steps forward in that direction.