An analysis of China''s power battery industry policy for new energy
Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, the power battery industry has also grown at a fast pace (Andwari et al., 2017).Nevertheless, problems exist, such as a sharp drop in corporate profits, lack of core technologies, excess
Power Battery Echelon Utilization and Recycling
With the increasing popularity of new energy vehicles (NEVs), a large number of automotive batteries are intensively reaching their end-of-life, which brings enormous challenges to environmental
Companies Seek to Profit from Old EV Batteries
Reuters news agency reports nearly 50 startup companies have been launched with the aim of buying used EV batteries and reselling them to be used for new purposes. In
Economic research and suggestions on the recycling of
With the rapid promotion of the number of China''s new energy vehicles in promotion and application, it is of great significance to ensure the recycling of the waste power batteries.
The status quo and future trends of new energy vehicle power batteries
In March 2019, Premier Li Keqiang clearly stated in Report on the Work of the Government that "We will work to speed up the growth of emerging industries and foster clusters of emerging industries like new-energy automobiles, and new materials" [11], putting it as one of the essential annual works of the government the 2020 Report on the Work of the
Can the new energy vehicles (NEVs) and power battery industry
Worldwide, yearly China and the U.S.A. are the major two countries that produce the most CO 2 emissions from road transportation (Mustapa and Bekhet, 2016).However, China''s emissions per capita are significantly lower about 557.3 kg CO 2 /capita than the U.S.A 4486 kg CO 2 /capitation. Whereas Canada''s 4120 kg CO 2 /per capita, Saudi Arabia''s 3961
Does energy storage provide a profitable second life for electric
Highlights • The potential profit for using second life batteries from EVs is investigated. • An EV battery could achieve a second life value of 116 USD/kWh (baseline
Life-cycle environmental impacts of reused batteries of electric
Therefore, this study aimed to quantitatively assess the environmental impacts (life -cycle carbon Carbon dioxide (CO 2) emissions) of ESS utilizing used batteries instead of new batteries from the life cycle perspective of lithium-ion batteries (LIBs) considering the uncertainty in energy communities. To this end, a probabilistic life cycle assessment (LCA)
China''s Development on New Energy Vehicle Battery Industry: Based
Compared with China''s new energy vehicle sales in 2018, the market share of new energy vehicles is still not large enough. The reasons why users do not accept new energy vehicles are low cruising
Optimal recycling model selection in a closed-loop supply chain
Equation (2) indicates the net profit of the retailer, in which (s-w) D is the profit earned from the sale of new EV batteries, (p u r-p r c-I r) Q r is the profit obtained from collecting retired EV batteries from customers and (Q r-η 2 D) L denotes the financial incentives or fines associated with each collected EV battery.
Open Access proceedings Journal of Physics: Conference series
vehicles and plug-in hybrid electric vehicle should be two million by 2020[2]. As the core component of the new energy automobile, the power battery market shows a trend of outbreak after the sharply rise of new energy automobile. The power battery production jumped to 28 GWh in 2016 from 3.7 GWh in 2014, an increase of more than six times [3].
Big-Data-Based Power Battery Recycling
Big-Data-Based Power Battery Recycling for New Energy Vehicles: Information Sharing Platform and Intelligent Transportation Optimization June 2020 IEEE
Environmental life cycle assessment on the recycling processes of
Our comprehensive study of the power battery recycling process holds innovative importance for the resource conservation and environmental protection of new
For-profit or for-CSR: decisions of power batteries recovery in the
The profit of the battery manufacturer and third-party recycler in the decentralized decision-making model is affected by the retail price of the low-capacity used
Companies Seek to Profit from Old EV Batteries
The companies'' founders believe they can find new purposes for used EV batteries from vehicles. The businesses will seek batteries that have been in use for eight to 10 years.
Sustaining the advancement of new energy vehicles in the post
11,100/ 56,960,800 cars: Energy-saving and New-energy Vehicle Yearbook (2010) Government purchase subsidy: The average of the highest subsidy standards for various types of vehicles. Government subsidy policy documents over the years; Ministry of Finance: Gasoline/ coal/ natural gas CO2 factor: 74,100/ 101,000/ 56,100 kg/TJ
The Pricing Strategy of Dual Recycling Channels for Power Batteries
According to the Public Notice on The 2017 New Energy Vehicle Promotion and Application of Subsidy Funds Liquidation Audit Final Situation issued by the Ministry of Industry and Information Technology on October 11, 2019, the subsidy audit standards of new energy vehicles are getting stricter year by year, which reflects that China is gradually tightening the
Recycling Batteries for Money: How Your Business Can
Lithium, cobalt, nickel, and other metals found in batteries are increasingly in demand due to the rapid expansion of the electric vehicle and renewable energy industries. Recycling helps conserve these finite resources,
From waste to value: the potential for | Transport
More recycled battery materials - cobalt, lithium, manganese and nickel - will come from the electric cars (EV) stock and planned battery gigafactories across Europe. This represents an enormous opportunity for the
New Energy Vehicles
The new energy vehicles include electric vehicles, fuel cell vehicles and alternative energy vehicles. The "travel right restriction" and "ownership restriction" policies started in 2008 are not applicable to electric vehicles, which offer new opportunities for the development of EVs in Beijing. 50 electric buses and 25 hybrid buses have come to service in the city since
Pathways to Circular Economy for Electric
The global shift towards sustainability is driving the electrification of transportation and the adoption of clean energy storage solutions, moving away from internal combustion engines.
Multiple benefits of new-energy vehicle power battery recycling
With the yearly increasing market penetration of new-energy vehicles in China, the retirement of power batteries has gradually become a scale, and most of the waste batteries have entered informal recycling channels, which has induced a series of environmental problems. Considering this issue, we introduced the system dynamics (SD), stimulus organism response
Profiting from electric vehicle battery recycling
Efficient battery recycling will make EVs even more climate friendly—but it also promises big profits for companies that are building out the technology. McKinsey estimates
Progress in Recovery and Utilization Technology of
The recycling and utilization of retired traction batteries for new energy vehicles has attracted widespread attention in recent years and has developed rapidly.
Companies Seek to Profit from Old EV Batteries
A number of companies have been established to provide a second life for electric vehicle (EV) batteries. But industry experts say such businesses could face major difficulties, even as the EV...
Multiple benefits of new-energy vehicle power battery recycling
To improve the recovery rate of power batteries and analyze the economic and environmental benefits of recycling, this paper introduced the SOR theory and the TPB and
Decisions on blockchain adoption and echelon
In recent years, it has been widely believed that the optimal technical route for retired power batteries is echelon utilization followed by recycling [3].The echelon utilization market for power batteries shows promising prospects [4], and has become a new focal point in the development of the NEV industry.Electric vehicle companies have recognized the
Environmental life cycle assessment on the recycling processes of
Electric vehicle industry is currently undergoing remarkable expansion, with a growth rate in China surpassing 30% by 2022 (Iturrondobeitia et al., 2022) spite the emergence of lithium-oxygen batteries, sodium-ion batteries, Zn-ion batteries, and other innovative battery technologies, lithium-ion batteries remain the preferred option for electric vehicle energy
The Pricing Strategy of Dual Recycling Channels for
The vigorous development of the new energy automobile industry has highlighted the issue of efficient recycling of power batteries. Using a Stackelberg game, the pricing mechanism of dual-channel
Companies Seek to Profit from Old EV Batteries
Another issue is that competition from companies using EV batteries to power everything from gasoline-powered vehicles to boats have driven prices up for used batteries. Circular Energy Storage estimates this pushed prices to $235 per kilowatt hour in late 2022. This is about double the price major carmakers pay for new batteries.
For-profit or for-CSR: decisions of power batteries recovery in the
With the rapid development of new energy vehicles (NEVs), the recycling and reuse of retired power batteries has attracted extensive attention from the society and scholars.
Economic research and suggestions on the recycling of waste
battery are put forward according to the analysis results, to provide reference for industry and related management departments. 1 Overview With the continuous increase of the number of China''s new energy vehicles in promotion and application, the following waste power batteries are about to enter the period of large-scale decommissioning.
Energy
According to the catalogue of new energy vehicles exempted from vehicle purchase tax published by the Ministry of Industry and Information Technology (the 58th batch) [54], the total weight of the BYD Qin power battery pack is 358 kg, with a total energy of 52.8 k Wh, implying that one ton is approximately equivalent to 1475 k Wh.
Battery leasing business for hydrogen fuel cell vehicles: Motorists
From 1990 to 2021, transport sector emissions grew annually by nearly 1.7%, surpassing any other end-use sector [1].Transitioning to an alternative sustainable energy source is urgent to meet rising energy demands and reduce carbon emissions [2, 3].Hydrogen fuel cell vehicles (HFCVs) are pivotal in global decarbonization efforts to reduce fossil fuel
Research on the Critical Issues for Power
With the continuous support of the government, the number of NEVs (new energy vehicles) has been increasing rapidly in China, which has led to the rapid development of the
Making electric vehicles profitable
3 "Consumers in China increasingly enthusiastic about new-energy vehicles and eager for battery technology advancement, J.D. Power Survey finds," J.D. Power, February 26, 2018, jdpower ; China Youth Daily, August 2018, cyol . than 50 years old living in urban areas. Sales in 2018 only provide a partial view, given that EVs
Study on the technical and economic feasibility of echelon use of
Vehicles (Draft), the power batteries of low-speed electric vehicle have three key technical conditions for safety, electrical performance and cycle life, which are quoted from the corresponding standards related to vehicle power batteries. See table 1 below for details. Retired vehicle power batteries are highly adaptable in this field. Table 1.
Study on the technical and economic feasibility of
With the rapid promotion of the number of China''s new energy vehicles in promotion and application, it is of great significance to ensure the recycling of the waste power batteries.
The evolution of patent cooperation network for new energy vehicle
In the new energy automobile industry, a patent cooperation network is a technical means to effectively improve the innovation ability of enterprises. Network subjects can continuously obtain, absorb, and use various resources in the network to improve their research and development strength. Taking power batteries of new energy vehicles as the research
Retired EV Batteries: A New Life Cycle for Sustainability & Profit
Learn how retired electric vehicle batteries can be repurposed for a second life in energy storage and other applications, while also maximizing economic and environmental
6 FAQs about [Profits from old batteries for new energy vehicles]
Can new-energy vehicle power batteries be recycled?
The recycling of new-energy vehicle power batteries is a complex system problem that involves social, economic, environmental, and other aspects. The effect of each strategy and whether it is effective in the medium and long term must be explored.
Should the government provide subsidies for automobile battery recycling?
Wu et al. constructed four single-channel recycling models under the condition that automobile battery manufacturers play a leading role in the closed-loop supply chain of automobile battery recycling, and they proposed that the government should provide reasonable subsidies.
What are the environmental benefits of battery recycling?
Battery recycling has significant environmental, economic, and social benefits. In terms of environmental impact, the waste lithium-ion batteries of China have great potential for metal recycling and environmental benefits .
Why should we support new technology in power battery recycling?
Third, we should support new technologies. The power battery technology is in the development stage. The recycling technology must keep pace with the times, improve the cascade utilization rate and material extraction rate, and maximize the effective utilization of waste batteries.
How does recycling impact the life cycle of power batteries?
Indeed, the recycling of power batteries plays a substantial role in the environmental footprint of the life cycle. LCA results from Yoo et al. confirmed that the lifecycle GHG emissions of NCM811 produced from recycled materials were 40–48% lower than those produced from raw cathode active materials.
Is battery recycling a good idea in Europe?
A T&E study finds battery recycling is Europe’s chance for resource sufficiency and a low-impact supply chain. More recycled battery materials - cobalt, lithium, manganese and nickel - will come from the electric cars (EV) stock and planned battery gigafactories across Europe.
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