APEC nations urged to boost EV battery recycling and invest in research for sustainability.

The Asia-Pacific Economic Cooperation (APEC) region is pivotal in advancing electric vehicle (EV) adoption and optimizing the EV battery supply chain. As EV sales rise, enhancing battery recycling—currently at just 5%—is essential for sustainability. APEC economies are encouraged to invest in research for alternative materials, establish recycling hubs, and create regulatory frameworks to promote a circular economy. Transparency and cooperation will help mitigate supply chain risks and support a greener future.

September 30, 2024
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