Electric Vehicle Battery Recycling Market: Growing Concerns for Sustainable Battery Disposal
Electric Vehicle Battery Recycling Market The global Electric Vehicle Battery Recycling Market is estimated to be valued at US$2.27 billion in 2023 and is expected to exhibit a CAGR of 28.4% over the forecast period 2023-2030 , according to a new report published by Coherent Market Insights. Market Overview: The Electric Vehicle (EV) Battery Recycling Market refers to the process of recycling and reusing batteries used in electric vehicles. This market is driven by the increasing adoption of electric vehicles worldwide, leading to a higher demand for efficient and sustainable battery disposal. The market offers several advantages, such as reducing environmental impact, recovering valuable materials, and decreasing the need for new battery production. The need for proper recycling and disposal of EV batteries is crucial to minimize the impact on the environment and promote a circular economy. Market key trends: One of the key trends in the Electric Vehicle Batter...