Dead EV batteries turn to gold with U.S. incentives

A clause in the US Inflation Reduction Act is driving a push for electric-vehicle battery recycling in North America, with the country set to challenge China for dominance in the field. The clause qualifies EV battery materials recycled in the US as American-made, which means automakers using those materials qualify for EV incentives. The expected growth in the EV battery recycling market has boosted the industry and could eventually make it more difficult for buyers in developing countries to buy old, used EVs. Recycling could make it easier to establish closed-loop supply chains, where recycled minerals are used to produce new batteries.

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