The cost has dropped 14% this year and 90% since 2010, but this is just the beginning.
Unlike traditional battery chemistries, the new battery from Northvolt utilizes readily available minerals such as iron and sodium.
Researchers at Chalmers University of Technology have devised a new and efficient way to recycle metals from electric car batteries. The method enables the recycling of 100 percent of aluminum and 98 percent of lithium from used electric car batteries.