Second-life EV batteries are expected to reach over $34 billion by 2027, according to a new report by Research and Markets.
The global second-life EV battery market is projected to reach a total of $34,758.46 million by 2027, up from $19,717.47 million in 2021 at a compound annual growth rate (CAGR) of 9.90% during the forecast period.
The report provides both the market sizing and forecasts across seven major currencies which are USD, EUR, JPY, GBP, AUD, CAD, and CHF.
It also emphasized that the years 2019 and 2020 are considered historical while listing 2021 as the base year and 2022 as the estimated year. The years 2023-2027 are the forecast period.Continue reading… “Second-life EV batteries market expected to reach $34.7B by 2027”