4.7enault–Powervault’s Second-Life Electric Vehicle Battery Application R 45 4.8issan–Sumitomo Electric Vehicle Battery Reuse Application (4R Energy) N 46 4.9euse of Electric Vehicle Batteries in Energy Storage Systems R 46 4.10ond-Life Electric Vehicle Battery Applications Sec 47 4.11 Lithium-Ion Battery Recycling Process 48
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EV batteries are growing fast. Over the next 20 year the EV battery market is expected to grow to $240-360 bn+ as electric cars target a 40-60% share of global vehicle purchases (up to 60+ million units/year) - and that's just within cars. Below we outline facts & figures, EV types and EV battery types.
The paper concludes with showing that in the most optimistic scenario, end-of-life (EOL) batteries will account for 86% of energy storage for wind and 36% for solar PV in 2040.,With the growing demand for electric vehicles (EVs), the stock of discarded batteries will increase draally if no action is taken for their reuse or recycling.
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