Forecast of the recycled lithium-ion battery storage supply for utilities 2030

By 2030, the global supply of utility-scale battery storage from second-life electric vehicle batteries is expected to reach 112 gigawatt hours. According to a study published by McKinsey & Company there will be a strong supply of degraded lithium-ion EV batteries which will have to be discarded as they will no longer meet automotive performance standards. This supply could, however, be exploited for less-demanding applications, such as energy storage services for better integration of renewables into electricity grids.

Projected utility-scale battery storage supply from second-life batteries worldwide between 2020 and 2030

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Source

Release date

April 2019

Region

Worldwide

Survey time period

2019

Supplementary notes

Base case scenario.

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Statistics on "Lithium-ion batteries worldwide"

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