Lithiumion batteries are everywhere — in phones, laptops, tablets, cameras and increasingly cars. Demand for lithiumion batteries has risen sharply in the past five years and is expected to grow from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, mostly due to the boom in electric cars. And a shortage of lithiumion batteries is looming in the U.S.

Former Tesla CTO and Elon Musk's righthand man, JB Straubel, started Redwood Materials in 2017 to help address the need for more raw materials and to solve the problem of ewaste. The company recycles endoflife batteries and then supplies battery makers and auto companies with materials in short supply as EV production surges around the world. Straubel gave CNBC an inside look at its first recycling facility in Carson City, Nevada. Watch the video to learn why battery recycling will be an essential part in making EV production more sustainable.

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How Tesla’s Battery Mastermind Is Tackling EVs Biggest Problem