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Global Innovation Index 2015: 'Effective Innovation Policies for Development' -
(Sep 2015)Published by Cornell University, INSEAD France, and World Intellectual Property Organization, with CII as the knowledge partner, the Global Innovation Index is an annual report on the level of innovation happening in different economies around the world. The study was done on 141 countries and the ranking is based on data, ranks and strengths and weaknesses on 81 indicators
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It is a fact that electric vehicles (EVs) are beneficial for climate protection. However, the current challenge is to decide on whether to reuse an EV battery or to recycle it after its first use. This paper theoretically investigates these areas i.e., recycle and reuse. It was found that there are several commercially used recycling processes and also some are under research to regain maximum possible materials and quantity. The concept of reusing (second life) of the battery is promising because, at the end of the first life, batteries from EVs can be used in several applications such as storing energy generated from renewable sources to support the government grid. However, the cost and life-cycle analysis (LCA) demonstrated that there are several aspects involved in battery reuse applications. Henceforth, one LCA generalised method cannot provide an optimal approach for all cases. It is important to have a detailed study on each of the battery reusing applications. Until then, it is safe to say that reusing the battery is a good option as it would give some time to recycling companies to develop cost and energy-efficient methods.