Economics of Single use and Rechargable Batteries
Economic Impact of Single-Use Batteries in the US: $1B+ per year
| Impact Category | Impact Type | Occurrances or Count (per Year) | Avg. Impact per Occurrence or Count (Per Year) | Total Economic Impact |
|---|---|---|---|---|
| Fires | Human Life : Loss/ Injury, Machines and Materials, Real Estate | 100 | $50k-$5M | $5M-$500M |
| Recycling centers | Operational Costs: Labor, Machinery, Real Estate, Disposal Cost, and Handling | 30 | $2M | $60M |
| Collection centers | Proportional Operational Costs: Labor, Transportation, Real Estate | 1,000 | $100k | $100M |
| Environmental and Health impact | Cleanup Costs, Health impact due to chemicals in water and air | 10-500 | $100k-$1M | $1M-$100M |
| Legal liability | Injury/Loss of Life | 10 | $1M-$10M | $10M-$100M |
| Impact on business | Cost of fixing/building Brand reputation | 50 | $500k-$5M | $25M-$250M |
| Reduced Recycling | Materials lost on landfills | 30% batteries end up in landfill. 60% materials by volume | $30M-$50M | $30M-$50M |
| TOTAL | $230M-$1.1B | |||
Economics of Single-Use vs. Rechargeable Batteries
Consumer
- Single-use battery
- $0.1-$0.5 per unit
- Life ~ 1 year
- Consumer 5 year cost: $0.5- $25 per unit of use. Say Average $12.5
- Rechargeable battery
- $0.5 to $2.5 per unit
- Life ~ 5 years
- Consumer 5 year cost: $0.5 - $.5 per unit cost. + cost to charge per kwh ($20c/kwh for 5 batteries @ 0.005 kwh per battery) ~ $10c. Say Average $1.35
Manufacturer
- Single-user batteries consumed for 5 year = 5B x 5= 25B
- Single-use battery revenue: 25B @ $0.25 ~ $6B
- Rechargeable batteries consumed for 5 year = 5B
- Rechargeable battery revenue: 5B @$1.25 ~6.25B
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Manufacturers will need new machines and factory
Consumers will need to pay 2x-5x more.
Similar to solar, government should provide subsidy/incentives to manufacturers and consumers to drive adoption of rechargeable batteries.
Recommended
- 20% credit for manufacturers (20% of ~6B = $1.2B)
- 25% discount for consumers (25% of $1.25 = $0.25 *5B = $1.25B)
Read More
Dangers of Storing Batteries
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Dangers of Transporting Batteries
Transporting batteries has many issues at the moment. One of which is explosions due to lithium.
Coming SoonBattery Recycling Map
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This way, we can find battery recycling locations near you.
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About Us
We are a group of individuals who are passionate about the environment. We did a survey and found that lots of people not only do not recycle their batteries: They dispose of batteries while there is still charge left in them. We are researching solutions to fix both of these problems and have put up this site to express our thoughts to the world. Thanks for following us here and on social media :)