Currently, there are no substantial recycling facilities for lithium-ion battery packs in the UK. Most lithium-ion EV batteries are currently dismantled into modules and then shipped to mainland Europe for material recovery - at considerable expense to the vehicle manufacturer. However, Veolia, the UK’s leading resource management company, has announced its first electric vehicle battery recycling facility in the UK, which will have the capacity to process 20% of the UK’s end-of-life electric vehicle batteries by 2024.
]]>After 8 to 12 years in a vehicle, the lithium batteries used in EVs are likely to retain more than two thirds of their usable energy storage. At this point, it would no longer be suitable for powering an EV but the battery would still be suitable for being recycled into a plethora of “secondary” uses – broadly, either being re-used in a different context (such as for energy storage, powering fixed infrastructure such as street lights or lifts), or the materials within the batteries being recycled.
As the market for electric vehicles grows, so too will the supply of second-life batteries. Forecasts from academic studies and industry reports estimate a range of 112–275 GWh per year of second-life batteries becoming available by 2030 globally. For context, this is over 200 times total energy storage installed in the US in 2018.
The economic potential for battery reuse, or “second life,” could help to further decrease the upfront costs of EV batteries and increase the value of a used EV. Given the growing market for EVs, second-life batteries could also represent a market of low-cost storage for utilities and electricity consumers.
]]>Goldman Sachs Research forecasts that EV sales will soar to about 73 million units in 2040, up from around 2 million in 2020. The percentage of EVs in worldwide car sales is expected to rise to 61% from 2% during that span. The share of EV sales is anticipated to be well over 80% in many developed countries.
These forecasts suggest a bright future for the EV market, with significant growth expected over the next decade.
]]>Relectrify, which is holding talks with battery manufacturers and distributors, sees potential to eventually help improve performance of batteries for the auto sector, in addition to second life energy storage.
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Renault EV Batteries Find 2nd Life In Electric Passenger Boat
https://insideevs.com/news/381382/renault-ev-batteries-electric-passenger-boat/
]]>The 495 kWh energy storage system contains 50 Volkswagen Passat GTE packs (9.9 kWh) and can deliver up to 600 kW of power.
https://insideevs.com/news/394328/phev-batteries-second-life-energy-storage/
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