75% of spent EV batteries will be reused in second-life by 2025,

EV batteries can retain up to two-thirds of their initial energy storage capacities in their second life.

Companies like General Motors (GM) and Nissan made way for turning second-life EV batteries into grid storage businesses in 2015. These manufacturers aren't the only companies dealing with EV battery reuse, with BMW having a few projects up their sleeves as well.

460,000 metric tons of lithium-ion batteries were to be recycled in 2020. To put that in perspective, we reclaimed batteries from less than a 5.6million EVs and got that weight. Yet, EVs only accounted for about 6% of global car sales in 2021.The 2020 recycling unit is obviously small when compared to the amount that would potentially be gotten from

20% of EVs to be sold worldwide by 2025. Accordingly, this yields a massive increase in EV batteries at their second life in the next two decades or less.The numbers keep surging, and an estimated value of 1.2million metric tons of EV batteries could be available for recycling in 2030

And much more is required to transport these dead batteries to recycling sites, which makes up about 40% of the recycling cost.