1 Exciting, Overlooked Opportunity in EV Batteries
General Motors (NYSE: GM) says that by 2035, the automobiles it produces for general transportation will be powered exclusively by electricity. Other automakers, including Lexus, Audi and Volvo, have also committed to 100% electric vehicles, with many more headed in that direction. This once-in-a-century upheaval will generate many financial opportunities, including one that could potentially benefit both the planet and investors by wringing valuable new materials out of old EV batteries.
The lithium-ion batteries that have enabled the EV revolution are now being produced worldwide in ever-growing quantities by companies like Livent and Panasonic. GM has said it will soon be sourcing all its batteries from U.S. factories.
Entrepreneurs are working hard to overcome two potential stumbling blocks to electrification of the fleet: What if we can't mine enough raw materials for batteries? And how will we dispose of all those used batteries? One solution: Battery recyclers may eventually provide a large proportion of the precious metals and other materials needed to produce new batteries, while keeping used batteries out of landfills.
Source Fool.com
