Transport Industry Leaders Share 2023 Predictions for Li-ion Batteries
The transport industry is on the cusp of a revolution, with electric vehicles (EVs) becoming more mainstream than ever. Lithium-ion batteries are the go-to choice to power these EVs due to their high performance and energy density. As such, industry leaders have shared their predictions for 2023 to look into the future of Li-ion batteries and EV adoption.
Ajay Kochhar, CEO/Co-founder of Li-Cycle, anticipates that more battery mega factories will come online as production ramps up. This growth in manufacturing will increase the supply of scrap materials that can be recycled using Li-Cycle's environmentally friendly technologies. He also believes automakers will use recycled battery materials to meet production goals and qualify for government incentives such as the Inflation Reduction Act.
Maciej Jastrzebski, CEO/co-founder of Li-Metal Corp., anticipates that electric vehicle adoption will accelerate in 2023, meaning more vehicles powered by Li-ion batteries. However, he expects that the prices of these batteries will increase as well, necessitating cost-effective solutions from North American automakers and battery developers for the continued uptake of EVs. The result could be a move towards vehicles powered by next-generation anodes on the roadways.
Lithium-ion battery recycling offers many advantages to support this transition to clean energy and EVs - it is greener and more cost-effective than other sources of battery materials. With such potential for growth in the industry over the coming years, it is clear that lithium-ion batteries are set to remain a significant player in powering transportation into 2023 and beyond.
As the transport industry continues its move towards electric vehicles powered by lithium-ion batteries, it is critical to ensure that these battery materials are stored and transported safely. Critical Risk Solution can provide the guidance needed to reduce risk while maintaining compliance standards for businesses looking for advanced solutions in Li-Ion storage, transportation, and recycling needs. Our team of experts is highly knowledgeable about all aspects of handling lithium-ion batteries - from charging infrastructure design to shipping regulations - so contact us today if you have any questions or need help getting started with your project. With our help, you'll be well on your way to taking advantage of this exciting new technology without incurring any risks.
