Recycling is not enough

The expansion of electromobility shifts industrial value creation towards batteries and critical raw materials such as lithium, nickel, cobalt and graphite, which are becoming strategic resources. Electric vehicles require significantly more mineral raw materials than combustion engines, which increases cost risks as well as environmental and social challenges in global supply chains. As a result, the previously linear battery value chain is reaching its limits. Recycling is an important solution component, but cannot cover the increasing demand for materials in the short term alone. The Ellen MacArthur Foundation's report "Leading the charge: Turning risk into reward with a circular economy for EV batteries and critical materials" shows that a systemic approach is needed that combines recycling with battery design, use, secondary use and new business models.