The adoption of electric vehicles (EVs) is growing rapidly, which significantly boosts the demand for critical minerals used in EV batteries and motors. To meet the growing demand, it is important not only to focus on developing new sources, but also on innovative approaches for recovering and processing these minerals.
This brief examines the technological innovations that can help improve the supply chains for critical minerals used in EVs. It looks into advancements in mineral extraction, processing technologies, and the design of batteries and magnets that could help reduce the reliance on certain materials.
In addition, it addresses the policy challenges surrounding the commercial deployment of these emerging technologies.