Recycling & Reuse

Reuse And Recycling Results In Significant CO2 Emissions Reduction And Cost Savings

Todayʼs battery recycling technologies can recover 80%95% of the critical minerals.

Manufacturing costs for a vehicle battery can be 530% lower when using recycled cathode material.

Reusing end-of-life EV batteries as BESS can lower production costs by 40% and reduce its emissions footprint by 50% compared to all-new BESS.

A reused EV battery can last 5+ years, depending on its SOH and second-life application. Second-life BESS avoided emissions are realized in the manufacturing process, however round-trip efficiency is lower.

The second-life EV battery market is expected to reach $28.17B by 2031, growing at a CAGR of 43.9% from base year 2024.

Sources: U.S. Dept. of Energy (graphic), The World Economic Forum, McKinsey & Co (graphic), Chen et. al., EV Magazine, Systemiq, The Battery Pass Consortium, ReCell Center, International Energy Agency

Extracted from the PDF; charts and images may read imperfectly.