Redwood Materials launches pricing tool for end-of-life EV batteries

Redwood Materials, a Carson City, Nevada-based battery materials recycler, has launched a tool designed for automotive dismantlers to value and sell recovered electric vehicle (EV) battery packs directly back to Redwood—a process the company says ensures a frictionless, safe and responsible approach to end-of-life battery management.

“The introduction of our online portal signifies a significant step forward in how end-of-life packs are handled at scale, and with a couple clicks, any automotive dismantler will receive an instant offer for their EV battery pack,” Redwood says in a news release. “Once they accept the sale, Redwood handles transportation.”

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The company adds that equipping dismantlers across the U.S. with a tool to accurately value and recycle batteries that come through their yards is an important step in addressing the growing end-of-life of EVs and policies surrounding EV battery management.

According to Redwood, the new tool is an important step for improving the automotive recycling landscape, offering:

• Convenience and efficiency: In three steps, dismantlers across the U.S. can secure an instant offer for their EV battery packs. Once they accept the sale, Redwood handles transportation.
• Transparency: By offering instant valuations and clear pathways for battery pack sales, the company says it is removing “the guesswork and the haggles” from the equation, ensuring recyclers know what they’re getting upfront.
• Safety and responsibility: The portal integrates advanced tracking and management systems for end-of-life EV batteries. As the batteries find their way through the yards of recyclers across the country, the tool ensures each is accounted for, valued appropriately and prepared for responsible recycling, addressing concerns of orphaned and stranded batteries.

Redwood says it also considered increases in the number of end-of-life EVs when designing its pricing tool. It adds that EVs and their batteries are expected to last between 10-20 years. “We can look in the rearview mirror and predict when and where these cars will retire," the company says.

“As the first wave of end-of-life cars ramps, we’re also met with evolving policies and heightened battery management demands. In 2024, we expect 250,000 electrified vehicles to reach end-of-life. Our platform emerges as an essential solution, equipping dismantlers to efficiently navigate this landscape and prepare for their fleets changing.”

The company says it aims to proactively introduce solutions that address the rapid growth of the EV industry, ensure sustainability, preserve jobs and steer clear of measures that might increase unnecessary costs or deter EV adoption.

In early 2022, Redwood launched an EV recycling program in California with the support of Gov. Gavin Newsom and several automotive partners, which included Toyota, Ford Motor Co., Volvo Cars and Volkswagen Group of America, as well as dismantlers.