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EV battery recycling set to see sustained growth
Bangkok Post
|August 19, 2025
Electric vehicle battery recycling could be a promising business, though the EV industry is facing challenges caused by the impact of the US trade policy and an economic slowdown, says management consultancy firm Arthur D Little (ADL).
This kind of recycling aligns with efforts to promote sustainability in the EV industry.
"We believe EV battery recycling will be a key business between 2030 and 2040, shifting away from today’s focus on battery manufacturing," said Akshay Prasad, principal at ADL’s Southeast Asia’s automotive & manufacturing practices.
Lithium-ion batteries, which are widely used in EVs, are made up of important raw materials, notably lithium iron phosphate, also known as LFP, nickel, manganese and cobalt.
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