Sustainable Solutions: The Role of Recycled Battery Materials in the EV Industry

Thomasedward27 Jun, 2023Other

EV batteries, composed of various materials such as lithium, cobalt, nickel, and manganese, have a limited lifespan. However, these materials can still retain significant value even after their use in vehicles. This has spurred the development of the recycled battery materials market, where used EV batteries are collected, processed, and repurposed. The Electric Vehicle Recycled Battery Materials Market size is projected to grow at an impressive rate over the next five years to reach US$ 300.8 million by 2025.