Dead EV Batteries Turn to Gold With US Incentives

24 Jul 2023 | Abstracted from VOA News

"A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America...The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin.

"China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028..."

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