Investments and visions until 2035
The battery recycling market in Europe faces significant challenges and opportunities. According to a recent study by the Chair of Production Engineering of E-Mobility Components (PEM) at RWTH Aachen University, investments of nine billion euros will be needed by 2035 to meet rising demand. This is becoming increasingly relevant in light of the upcoming EU battery regulation and the general electrification of the automotive industry. The study indicates that despite initial overcapacities, the market will be operating at full capacity from 2030 onwards.
The EU has set ambitious goals with its new battery regulation, including higher recycling efficiencies and the use of recycled material in new batteries. These developments could lead to recycled material covering up to 30 percent of the demand for certain battery materials by 2035. Technological innovations could also significantly reduce overall investment. Nevertheless, the study shows that a completely closed battery market is unlikely within the next 20 years.
Source: NMWP.NRW; RWTH Aachen
