IDTechEx forecasts second-life EV battery market to reach US$7B by 2033
Green Car Congress
MARCH 14, 2023
IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.
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