How Second-Life EV Batteries Are Shaping the Future of Energy...

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2024-11-21 08:11:05 -

How Second-Life EV Batteries Are Shaping the Future of Energy Management

The rapid rise of the electric vehicle (EV) industry has opened doors to an equally transformative sector—the second-life EV batteries market. With projections reaching $28.17 billion by 2031 at an impressive CAGR of 43.9% from 2024 to 2031, this market is set to redefine energy storage paradigms. By repurposing used EV batteries, which retain up to 80% of their...

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