News

China’s push to promote electric cars comes with a lot of benefits for a country that suffers from terrible air pollution from its reliance on fossil fuels. But there’s always a downside—electric car batteries are toxic if not disposed of properly, and China’s on the verge of having to deal with a slew of batteries that can no longer hold a charge.

In just a few years, China has become the world’s biggest electric vehicle market, with the help of subsidies. It saw 336,00 new electric car registrations (pdf, p.12) in 2016, according to the International Energy Agency. That includes both battery-only and hybrid models. Including other types of vehicles, China says it sold a total of half a million “new energy” vehicles last year. This month, China also said that it would eventually phase out sales of all fossil-fuel cars.

That fast-growing market, however, is also producing batteries at a faster rate too. The average lifespan of a lithium-iron phosphate (LFP) battery, the dominant type in China’s electric vehicles, is around five years, according to Li Changdong, chairman of the Hunan-based Brunp group, China’s top electric car battery recycler in 2016 (link in Chinese). Most batteries installed on electric vehicles during the 2012 to 2014 period will be retired on a large scale (link in Chinese) around 2018, Li told the Beijing-based newspaper Economic Information Daily.

We’re supposedly living in the age of startups when people can create new businesses, enrich themselves, and employ their fellow Americans. That narrative, like much economic optimism these days, is now mostly a tale for coastal cities, and a tenuous one at best. . . Fewer new businesses were created in the last five years in the US than any period since at least 1980 . . . Businesses that did form are also far more concentrated than ever before: just 20 counties accounted for half of the country’s total new businesses. All of them were in large metro areas.

In a report released this week, Washington, DC-based startup incubator 1776 named Boston as the No. 1 place to launch a startup in the US, with the San Francisco Bay Area ranked No. 2.