EV Battery Recycling Market Global Industry Analysis and Forecast (2024-2032)
EV Battery Recycling Market Size Was Valued at USD 0.35 Billion in 2023 and is Projected to Reach USD 14.36 Billion by 2032, Growing at a CAGR of 51.2% From 2024-2032.
Battery recycling is the reprocessing of the battery that has been used in electric vehicles reduced to its constituent materials. These are often Lithium Ion batteries and suffer from what is known as the ‘memory effect’, where the batteries slowly lose their ability to amass a charge.