The efforts are currently focused on old Priuses | Photo by Toyota/Getty Images

Toyota is partnering with Redwood Materials, a battery recycling company helmed by Tesla co-founder JB Straubel, to collect and recycle vehicle batteries. The plan is to take old, worn-out batteries and either refurbish them or break them down so their materials can be used to create new batteries.

Redwood specifically plans on producing materials for anodes and cathodes — two major components of a battery cell. The company’s ultimate goal is to create a “closed-loop supply chain for electric vehicles,” meaning that it takes batteries from old EVs and turns them into batteries for new cars.

Decades-old Priuses could end up at Redwood’s facility in Nevada

While Toyota is currently launching its first long-range battery-electric vehicle,…

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