IDTechEx recently released a report named “Second-life Electric Vehicle Batteries 2020-2030,” which presents a comprehensive analysis of the second-life battery industry, and how it will evolve over the next 10 years. By 2030, second-life battery capacity will hit over 275GWh per year, but many technical, economic, and regulatory challenges exist that might make it difficult for companies to profit from second-life batteries.
Second-life batteries connect the electric vehicle and energy storage value chains. The potential value of second-life batteries is impacted by how the batteries are designed and used in their first life in the electric vehicles, how they are collected and used in second-life applications, and the value of recycling. The value chain analysis in this report takes the lifecycle perspective to help stakeholders identify potential value opportunities. Key technical challenges are identified and companies that are developing technologies to improve second-life battery value are analyzed.
For more information, visit www.IDTechEx.com.