The battery market is growing along with the growing demand for electric vehicles. To recycle all of the batteries produced, companies need to think about technology now. New battery design, full recycling, and blockchain tracking are expected to be the main trends in this industry.
The boom in electric vehicles is growing, and many states are actively encouraging their sales with subsidies and tax breaks to protect the global climate and improve the environment. At the same time, a key component of such vehicles, batteries, contain toxic substances and can cause considerable damage to the environment without proper disposal.