Used Batteries: Market, Forecasts, and Incentives

The IDTechEx report analyzes the economic feasibility of using used electric vehicle batteries (second-life) in the energy storage market. The analysis highlights the challenges related to competitiveness compared to new batteries, proposing solutions such as profit-sharing with automakers and renting storage systems. Various strategies are explored to make reuse more profitable, including simplifying the battery disassembly process and accelerating testing times. Finally, the report predicts a greater inclination toward recycling rather than reuse, especially in the European Union, due to regulations and chemical composition requirements for batteries.