Forecast electric vehicle battery recycling market value 2022-2028
The electric vehicle (EV) battery recycling market was estimated at 2.3 billion U.S. dollars in 2022. This sector is forecast to grow at a compound annual growth rate of 27.3 percent over the coming years, to reach 9.8 billion dollars in 2028. As more EVs enter the global vehicle fleet, massive amounts of retired EV batteries will be available for repurposing and/or as sources for the materials needed for further battery production.