Redwood Materials

In 2023, the U.S. reached a significant milestone with more than one million EV sales, marking about 8% of all new vehicle sales and representing a nearly 50 percent increase from 2022. This surge in electric vehicle adoption, boosted by historic federal policies and incentives, led to over $150 billion in private investment, ramping up battery production capabilities in North America. Industry forecasts remain strong, with expectations of over 10% annual growth through 2030.

At the same time, the first wave of EVs retiring from roads is meeting an evolving policy landscape and heightened battery management demands. In 2024, forecasts predict 250,000 electrified vehicles will reach end-of-life. Equipping automotive dismantlers to efficiently navigate this landscape and prepare for fleet changes is crucial to ensure sustainability, preserve industry jobs, and avoid unnecessary costs that could inhibit EV adoption.

Founded by Tesla’s co-founder and former CTO, JB Straubel, Redwood Materials set out to transform the battery industry by recycling, refining, and remanufacturing battery materials for a sustainable and clean energy future. By closing the loop on the battery life cycles Redwood is localizing a global battery supply chain and producing anode and cathode components in the U.S. for the first time – from as many recycled batteries as possible.

Last year, Redwood Materials launched an online portal designed for automotive dismantlers to value and sell recovered electric vehicle battery packs directly to Redwood – a process that ensures a frictionless, safe, and responsible approach to end-of-life battery management. With just a couple of clicks, dismantlers can receive an instant offer for their EV battery packs, eliminating uncertainty and ensuring a clear valuation upfront. After accepting a sale, Redwood oversees the transportation and logistics, integrating advanced tracking and management systems. This approach ensures each battery is appropriately valued and prepared for responsible recycling.

By equipping dismantlers across the U.S. with this tool, Redwood is actively enhancing the sustainability of our battery supply chain and integrating end-of-life EV battery management into everyday practice. Redwood is committed to making EV battery recycling easier, safer, and more transparent for automotive dismantlers nationwide.

For more information, contact the Redwood team at evbattery@redwoodmaterials.com.