
Absa, NADA sign formal partnership agreement
Absa has taken another step towards becoming the bank of the auto industry by signing a formal collaboration agreement with the National Automobile Dealers’ Association (NADA).
- Industry News
- 4 July 2025
Ascend Elements, a US-based engineered materials and lithium-ion battery recycling company, recently released consumer survey results on electric vehicles (EVs) and EV-battery recycling.
Some of the most surprising finds were that nearly half of US consumers mistakenly believe EV batteries aren’t recyclable. Another widely held misconception by more than 37% of Americans is that they do not know that recycled lithium-ion battery materials can be used to make new EV batteries.
From the survey, it has also transpired that American consumers have increasingly become more positive about EVs over the past three years. 46% say EVs will outsell gasoline-powered cars in their lifetime, 59% say EVs are better for the environment than fuel-powered cars and 59% say EVs will save them money over the lifetime of the vehicle.
Other interesting finds that were reported include:
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