New EV battery recycling venture formed in Norway

Norway is a world leader when it comes to electric vehicle (EV) adoption. In 2019, 42% of all new car sales in the country were electric, with the top seller being the Tesla Model 3.

With that many EVs on the road, a plan is needed to recycle the batteries of all those EVs at the end of their useful lives.

To solve the problem, a new joint venture has been formed between Norsk Hydro and EV battery manufacturer Northvolt to set up a hub to recycle lithium-ion batteries.

The deal, which was announced Monday, would see the recycling facility built in Fredrikstad be complete and operation by 2021. Once up and running, it would be able to handle over 8,000 tons of batteries annually.

Along with the aggressive EV adoption targets in the country (100% of new light van and passenger car sales to be zero eimissions by 2025), Northvolt has set its own target of having 50% of the raw materials in their batteries coming from recycled batteries.

h/t [CNBC]
Featured image via Fleetcarma

Are you buying a Tesla? If you enjoy our content and we helped in your decision, use our referral link to get a three month trial of Full Self-Driving (FSD).
Previous Article

Drive Tesla Canada Giveaway: 1 of 3 $50 gift cards to Tesloid

Next Article

Ford’s next EV could be built on VW’s MEB platform

You might be interested in …

fsd beta toronto

Tesla pauses FSD Beta rollout to new owners until update to address NHTSA and Transport Canada concerns is released

Tesla has announced on its website it is no longer deploying Full Self-Driving (FSD) Beta software to new buyers or subscribers following a recall by the NHTSA and Transport Canada earlier this month. Nearly two […]