Electric Vehicle Battery Recycling Market is anticipated to reach a value of USD 3 billion, exhibiting 19% CAGR over the forecast period 2021-25.
Recycling of lead acid batteries is profitable because recycled lead, which has high purity, can be recycled back into new batteries, while the electrolyte solution is drained and subject to further chemical processing.
While traditional lead-acid batteries are widely recycled, the same can’t be said for the lithium-ion versions used in electric cars. As a result of the recycling process, many different materials are recovered.
Tesla says that it recycles 60 percent of the components from its lithium-ion batteries once they’ve reached end of life. Having them all in one place allows them to be recycled quickly and easily. The only material from these batteries that actually goes into a landfill is the modules.
A new market report documentation has been added with extensive research elements, evaluating the diverse growth propellants in the Electric Vehicle Battery Recycling Market. The report is a mindful representation of robust research activities undertaken by in-house research experts who have critically imbibed the output of various primary and secondary research endeavors in a bid to comprehend the impact of COVID-19 reflected upon the growth trajectory of the Electric Vehicle Battery Recycling market.
Key Players:
ACCUREC Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (US), Li-Cycle Corp....
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