Technology research company Lux Research has found that recycling EV batteries is more efficient than reusing the devices in energy storage systems. The firm recommends recycling the 65 GWh of second-life batteries due to come to market in 2035, despite the fact that new lithium-ion battery prices are decreasing and older batteries require repacking and retesting before use. “Recycling these used batteries will be a significant cost savings for consumers over time,” said John Rogers, senior vice president at Lux Research. Several automakers including Tesla, BMW and Nissan are backing battery reuse.
Technology research company Lux Research has found that recycling EV batteries is more efficient than reusing the devices in energy storage systems. The firm recommends recycling the 65 GWh of second-life batteries due to come to market in 2035, despite the fact that new lithium-ion battery prices are decreasing and older batteries require repacking and retesting before use. Recycling processes such as pyrometallurgical processing, mechanical processing and hydrometallurgical processing can lower costs. Several automakers including Tesla, BMW and Nissan are backing battery reuse.