EV-battery-recycling – Scrap-recycling 18-02-2022

EV-battery-recycling – Scrap-recycling

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-US, China major trading partners of Germany in 2021

The United States ranked first in 2021 among the countries to which Germany exported, followed by China and France, according to the Federal Statistical Office (Destatis). Germany exported goods worth €1,375.5 billion and imported goods worth €1,202.2 billion last year. Exports were up by 14 per cent and imports by 17.1 per cent over 2020 figures.

Exports last year were 3.6 per cent and imports 8.9 per cent above the level of the pre-COVID year 2019. EV-battery-recycling – Scrap-recycling

The foreign trade balance showed a surplus of €173.3 billion in 2021. This means that the German export surplus declined for the fifth year in a row, Destatis said in a press note. In 2020, the surplus amounted to €180.4 billion.

Exports to the United States increased by 18 per cent to €122.1 billion compared with the 2020 figure. Exports to China totalled €103.6 billion (plus 8.1 per cent on the previous year), followed by France with €102.3 billion (plus 12.6 per cent).

Most imports to Germany came from China in 2021. Goods to the value of €141.7 billion were imported from there (plus 20.8 per cent on a year earlier). The Netherlands ranked second among the countries for imports to Germany, accounting for goods worth €105.6 billion (plus 21.4 per cent). EV-battery-recycling – Scrap-recycling

The United States came third with a value of €72.1 billion (plus 6.5 per cent).

Germany exported goods worth €117 billion and imported goods worth €110.0 billion in December last year. Compared with December 2020, exports increased by 15.6 per cent and imports by 27.8 per cent in that month.

In December 2021, German exports were up by 0.9 per cent and imports by 4.7 per cent over November figures that year after calendar and seasonal adjustment. Most exports were to the United States in the month; they increased by 16.7 per cent to €10.7 billion over the December 2020 figure.

Most imports to Germany came from China in December 2021. The value of the goods imported from there was €14.6 billion (plus 42.3 per cent on the same month a year earlier). Imports from the United States rose by 13.6 per cent to €6.4 billion in December 2021.

The foreign trade balance showed a surplus of €7 billion in December 2021. In December 2020, the surplus amounted to €15.1 billion. The calendar and seasonally adjusted surplus in December 2021 was €6.8 billion. EV-battery-recycling – Scrap-recycling

EV-battery-recycling - Scrap-recycling

-U.S. Department of Energy to allocate $3 billion in funding to support EV battery manufacturing and recycling

President Biden and the U.S. Department of Energy have issued multiple notices of intent to allocate $2.91 billion in support of EV battery manufacturing as part of the Bipartisan Infrastructure Law. The DOE shared plans to use the funds to further battery materials refining, production plants, and battery cell manufacturing facilities in addition to battery recycling. EV-battery-recycling – Scrap-recycling

The U.S. Departments of Transportation and Energy also jointly announced nearly $5 billion set aside to support a national electric vehicle charging network under the National Electric Vehicle Infrastructure (NEVI) Formula Program – another program established within President Joe Biden’s Bipartisan Infrastructure Law.

U.S. to produce EV batteries to gain energy independence

The latest round of funding in support of U.S. EV adoption came from the Department of Energy in the form of two letters of intent, promising just under $3 billion in funds.

By bringing EV battery manufacturing stateside, the US hopes to increase economic competitiveness in the global EV market and gain energy independence from the battery monopoly China currently operates. Furthermore, the overall manufacturing process will significantly shorten U.S. supply chains and bring new clean energy jobs to US workers. EV-battery-recycling – Scrap-recycling

US Secretary of Energy Jennifer M. Granholm said: “As electric cars and trucks continue to grow in popularity within the United States and around the world, we must seize the chance to make advanced batteries — the heart of this growing industry — right here at home. With funding from Bipartisan Infrastructure Law, we’re making it possible to establish a thriving battery supply chain in the United States.”

The aforementioned Bipartisan Infrastructure Law will allow DOE to help fund new, retrofitted, and expanded US facilities for the entire life cycle of an EV battery – from processing materials, producing cells and packs, to recycling batteries.

U.S. Department of Energy to allocate $3 billion in funding to support EV battery manufacturing and recycling

US-China major trading partners of Germany-in-2021

U.S.-Department-of-Energy to allocate $3 billion in funding to support EV-batterymanufacturingand-recycling

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