Investments and visions until 2035
The battery recycling market in Europe faces significant challenges and opportunities. According to a current study by the “Production Engineering of E-Mobility Components” (PEM) chair at RWTH Aachen University, investments of nine billion euros will be required by 2035 to cope with increasing demand. This is becoming increasingly relevant against the background of the upcoming EU battery regulation and general electrification. The study suggests that despite initial overcapacity, the market will be at full capacity from 2030.
The EU is setting ambitious goals with its new battery regulation, including higher recycling efficiencies and the use of recycled material in new batteries. These developments could result in recycled material meeting up to 30 percent of the demand for certain battery materials by 2035. Technological innovations could also significantly reduce overall investments. Nevertheless, the study shows that a completely closed battery market is unlikely in the next 20 years.
Source: NMWP.NRW; RWTH Aachen
