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Commentary: EVs and hybrid transmissions introduce new economic opportunities for auto recyclers

Ahmad Ghahreman / Recycling Today
January 30, 2024
Cyclic Materials can recycled traction electric motors (TELMO) from electric vehicles.

Rare earth elements: A new treasure mine

Beyond their battery materials, EVs and hybrid vehicles introduce another set of valuable, recyclable metals: rare earth elements (REEs).

Rare earth elements are a group of 15 metals, notably neodymium and praseodymium, which make up the permanent magnets in electric motors.

REEs are essential to the motors found in hybrid transmissions and the drive motors of EVs, which are powerful yet small and lightweight—accelerating the performance and efficiency of vehicles.

By recycling EV motors and hybrid transmissions, auto recyclers can unlock new value streams and benefit from the growing demand for REEs.

Read the full article on Recycling Today.

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