North America Electric Vehicle Battery Reuse and Recycling Market Outlook, 2029

The North America Electric Vehicle Battery Reuse and Recycling Market was valued at CAGR of 25%, driven by rise in usage of EV batteries.

According to publisher, Here is the Growth Trajectory of North American Electric Vehicle Battery Reuse and Recycling Market. The North American electric vehicle (EV) market is experiencing phenomenal growth, driven by environmental concerns, government incentives, and technological advancements. However, this burgeoning industry also presents a new challenge: the responsible management of lithium-ion batteries that power these vehicles. Here's a detailed look at the North American EV battery reuse and recycling market: Market Insights: Exponential Growth: The EV market in North America is expected to witness a Compound Annual Growth Rate (CAGR) of over 25% between 2022 and 2030. This translates to a significant increase in the number of EV batteries reaching their end-of-life (EOL) within the next decade. Environmental Imperative: Lithium-ion batteries contain valuable materials like lithium, cobalt, and nickel. Improper disposal can lead to environmental hazards like soil and water contamination. Therefore, effective battery reuse and recycling strategies are crucial for a sustainable EV ecosystem. Regulatory Landscape: Stringent regulations are being implemented across North America to ensure responsible battery management. For instance, California's Battery Recycling Law mandates a 90% recycling rate for EV batteries by 2025.

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Market Dynamics: Technological Advancements: New technologies are constantly emerging to improve the efficiency and cost-effectiveness of battery recycling. Hydrometallurgical and pyrometallurgical processes are being refined to recover valuable materials at higher rates. Shifting Consumer Preferences: Consumers are increasingly concerned about the environmental impact of their choices. This drives the demand for car manufacturers and battery producers to adopt sustainable practices, including responsible battery recycling programs. Supply Chain Constraints: The global supply chain for battery raw materials is experiencing strain. Recycling can help alleviate this pressure by providing a domestic source of these critical materials for future battery production. Market Segments: Battery Chemistry: The North American EV battery reuse and recycling market can be segmented by battery chemistry. Lithium-ion batteries are currently dominant, but next-generation technologies like solid-state batteries are on the horizon, potentially impacting the recycling landscape. Application: This market is further divided by application. Lithium-ion batteries used in passenger EVs constitute the largest segment, but batteries from electric buses and trucks are also factored in. Business Model: There are two primary business models: direct recycling, where batteries are disassembled and materials are recovered; and second-life applications, where used batteries with sufficient capacity are repurposed for stationary energy storage or less demanding applications. Regional Analysis: United States: The U.S. leads the North American EV market, and consequently, its battery reuse and recycling sector is expected to experience the highest growth. California, with its stringent regulations and a strong focus on clean energy, is a major player. Canada: The Canadian government has implemented EV sales targets and battery recycling regulations, promoting growth in this sector. Mexico: The Mexican EV market is in its nascent stage, but with increasing foreign investments in EV manufacturing, the battery reuse and recycling segment is poised for future development.

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Manmayi Raval

Manmayi Raval

Research Consultant

Key Developments: Strategic Partnerships: Leading automotive manufacturers are partnering with battery recycling companies to develop closed-loop supply chains. For example, General Motors partnered with Redwood Materials to establish a battery recycling facility in the United States. Investment Surge: Venture capital firms and private equity investors are pouring significant capital into battery recycling startups. This trend is expected to accelerate innovation and capacity expansion in the industry. Government Initiatives: Governments across North America are providing grants and tax credits to support the development of battery recycling infrastructure. This is creating a more favorable environment for market players. Competitive Landscape: Established Players: Traditional battery manufacturers like BASF and Johnson Matthey are entering the battery recycling space, leveraging their existing expertise in material processing. Emerging Startups: Several innovative startups are focusing on developing cutting-edge recycling technologies. Redwood Materials, American Manganese, and Li-Cycle are some prominent examples. Automaker Involvement: Major car manufacturers like Tesla and Renault are establishing their own battery recycling facilities or collaborating with established players to create a secure supply chain for raw materials. Conclusion: The North American EV battery reuse and recycling market is on a growth trajectory, driven by environmental concerns, regulatory mandates, and technological advancements. Strategic partnerships, government initiatives, and increasing investments are paving the way for a robust and sustainable EV ecosystem in North America.

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Manmayi Raval

Table of Contents

  • 1 Introduction 8
  • 1.1 Industry Definition and Research Scope 8
  • 1.1.1 Industry Definition 8
  • 1.1.2 Research Scope 9
  • 1.2 Research Methodology 12
  • 1.2.1 Overview of Market Research Methodology 12
  • 1.2.2 Market Assumption 13
  • 1.2.3 Secondary Data 13
  • 1.2.4 Primary Data 13
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 20
  • 2.1 Market Size and Forecast 20
  • 2.1.1 Impact of COVID-19 on World Economy 21
  • 2.1.2 Impact of COVID-19 on the Market 24
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
  • 2.2 Major Growth Drivers 30
  • 2.3 Market Restraints and Challenges 33
  • 2.4 Emerging Opportunities and Market Trends 36
  • 2.5 Porter’s Fiver Forces Analysis 40
  • 3 Segmentation of North America Market by Category 44
  • 3.1 Market Overview by Category 44
  • 3.2 Reuse of EV Batteries 46
  • 3.3 Recycling of EV Batteries 47
  • 3.3.1 Hydro-metallurgical Process 48
  • 3.3.2 Pyro-metallurgical Process 49
  • 3.3.3 Other Processes 50
  • 4 Segmentation of North America Market by Battery Type 51
  • 4.1 Market Overview by Battery Type 51
  • 4.2 Lithium-ion Batteries 53
  • 4.2.1 Lithium Ferro Phosphate (LFP) Battery 55
  • 4.2.2 Lithium-ion Manganese Oxide (LMO) 56
  • 4.2.3 Lithium-nickel-cobalt-aluminum Oxide (NCA) 57
  • 4.2.4 Lithium-nickel-manganese-cobalt Oxide (NMC) 58
  • 4.2.5 Lithium-titanate Oxide (LTO) 59
  • 4.3 Nickel-metal Hydride Batteries 60
  • 4.4 Lead-acid Batteries 61
  • 4.5 Other Battery Types 62
  • 5 Segmentation of North America Market by EV Type 63
  • 5.1 Market Overview by EV Type 63
  • 5.2 Battery Electric Vehicle (BEV) 65
  • 5.3 Hybrid Electric Vehicle (HEV) 66
  • 5.4 Plug-in Hybrid Electric Vehicle (PHEV) 67
  • 5.5 Fuel Cell Electric Vehicle (FCEV) 68
  • 6 Segmentation of North America Market by Vehicle 69
  • 6.1 Market Overview by Vehicle 69
  • 6.2 Passenger EVs 71
  • 6.3 Commercial EVs 72
  • 7 Segmentation of North America Market by End Use 73
  • 7.1 Market Overview by End Use 73
  • 7.2 Electric Cars 75
  • 7.3 Electric Buses 76
  • 7.4 Energy Storage Systems 77
  • 7.5 Other End Uses 78
  • 8 North America Market 2022-2032 by Country 79
  • 8.1 Overview of North America Market 79
  • 8.2 U.S. 82
  • 8.3 Canada 85
  • 8.4 Mexico 87
  • 9 Competitive Landscape 89
  • 9.1 Overview of Key Vendors 89
  • 9.2 New Product Launch, Partnership, Investment, and M&A 92
  • 9.3 Company Profiles 93
  • ACCUREC Recycling GmbH 93
  • American Manganese Inc. 95
  • Battery Solutions 97
  • Bayerische Motoren Werke (BMW) AG 99
  • China Aviation Lithium Battery Company Limited 104
  • G & P Service 105
  • LI-CYCLE CORP. 107
  • Nissan Motor Co. Ltd. 109
  • Recupyl 111
  • Retriev Technologies 113
  • SITRASA 115
  • SNAM S.A.S. (FLORIDIENNE) 117
  • Tesla Inc. 119
  • Toshiba Corporation 122
  • Umicore 124
  • RELATED REPORTS 127



Table 1. Snapshot of North America Electric Vehicle Battery Reuse and Recycling Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Electric Vehicle Battery Reuse and Recycling Market 36
Table 6. North America Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 44
Table 7. North America Electric Vehicle Battery Reuse and Recycling Market: Recycling of EV Batteries by Process, 2022-2032, $ mn 47
Table 8. North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 51
Table 9. North America Electric Vehicle Battery Reuse and Recycling Market: Lithium-ion Batteries by Type, 2022-2032, $ mn 54
Table 10. North America Electric Vehicle Battery Reuse and Recycling Market by EV Type, 2022-2032, $ mn 63
Table 11. North America Electric Vehicle Battery Reuse and Recycling Market by Vehicle, 2022-2032, $ mn 69
Table 12. North America Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 73
Table 13. North America Electric Vehicle Battery Reuse and Recycling Market by Country, 2022-2032, $ mn 80
Table 14. U.S. Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 84
Table 15. U.S. Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 84
Table 16. U.S. Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 84
Table 17. Canada Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 86
Table 18. Canada Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 86
Table 19. Canada Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 86
Table 20. Mexico Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, $ mn 88
Table 21. Mexico Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, $ mn 88
Table 22. Mexico Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, $ mn 88
Table 23. ACCUREC Recycling GmbH: Company Snapshot 93
Table 24. ACCUREC Recycling GmbH: Business Segmentation 94
Table 25. ACCUREC Recycling GmbH: Product Portfolio 94
Table 26. American Manganese Inc.: Company Snapshot 95
Table 27. American Manganese Inc.: Product Portfolio 96
Table 28. Battery Solutions: Company Snapshot 97
Table 29. Battery Solutions: Product Portfolio 98
Table 30. Bayerische Motoren Werke (BMW) AG: Company Snapshot 99
Table 31. Bayerische Motoren Werke (BMW) AG: Brands and Models 99
Table 32. Bayerische Motoren Werke (BMW) AG: Annual Production by Vehicle 2005-2019 100
Table 33. Bayerische Motoren Werke (BMW) AG: Annual Sales by Vehicle 2005-2019 100
Table 34. Bayerische Motoren Werke (BMW) AG: Revenue, 2017-2019, $ bn 101
Table 35. Bayerische Motoren Werke (BMW) AG: % of Revenue by Region, 2018 101
Table 36. Bayerische Motoren Werke (BMW) AG: Recent Developments 102
Table 37. China Aviation Lithium Battery Company Limited: Company Snapshot 104
Table 38. G & P Service: Company Snapshot 105
Table 39. G & P Service: Product Portfolio 106
Table 40. LI-CYCLE CORP.: Company Snapshot 107
Table 41. LI-CYCLE CORP.: Product Portfolio 108
Table 42. Nissan Motor Co. Ltd.: Company Snapshot 109
Table 43. Nissan Motor Co. Ltd.: Revenue, 2018-2020, $ bn 110
Table 44. Recupyl: Company Snapshot 111
Table 45. Recupyl: Product Portfolio 112
Table 46. Retriev Technologies: Company Snapshot 113
Table 47. Retriev Technologies: Product Portfolio 114
Table 48. SITRASA: Company Snapshot 115
Table 49. SITRASA: Product Portfolio 116
Table 50. SNAM S.A.S.: Company Snapshot 117
Table 51. SNAM S.A.S.: Product Portfolio 118
Table 52. SNAM S.A.S.: Revenue, 2017-2019, $ mn 118
Table 53. Tesla Inc.: Company Snapshot 119
Table 54. Tesla Inc.: Business Segments 120
Table 55. Tesla Inc.: Revenue, 2018-2020, $ bn 120
Table 56. Toshiba Corporation: Company Snapshot 122
Table 57. Toshiba Corporation: Business Segments 123
Table 58. Toshiba Corporation: Revenue, 2018-2020, $ bn 123
Table 59. Umicore: Company Snapshot 124
Table 60. Umicore: Business Segments 125
Table 61. Umicore: Product Portfolio 125
Table 62. Umicore: Revenue, 2017-2019, € bn 126



Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. North America Electric Vehicle Battery Reuse and Recycling Market, 2022-2032, $ mn 20
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of North America Electric Vehicle Battery Reuse and Recycling Market 30
Figure 7. Primary Restraints and Impact Factors of North America Electric Vehicle Battery Reuse and Recycling Market 33
Figure 8. Investment Opportunity Analysis 37
Figure 9. Porter’s Fiver Forces Analysis of North America Electric Vehicle Battery Reuse and Recycling Market 40
Figure 10. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by Category, 2022-2032, % of Revenue 45
Figure 11. North America Addressable Market Cap in 2023-2032 by Category, Value ($ mn) and Share (%) 45
Figure 12. North America Electric Vehicle Battery Reuse and Recycling Market by Category: Reuse of EV Batteries, 2022-2032, $ mn 46
Figure 13. North America Electric Vehicle Battery Reuse and Recycling Market by Category: Recycling of EV Batteries, 2022-2032, $ mn 47
Figure 14. North America Electric Vehicle Recycling Market by Process: Hydro-metallurgical Process, 2022-2032, $ mn 48
Figure 15. North America Electric Vehicle Recycling Market by Process: Pyro-metallurgical Process, 2022-2032, $ mn 49
Figure 16. North America Electric Vehicle Recycling Market by Process: Other Processes, 2022-2032, $ mn 50
Figure 17. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type, 2022-2032, % of Sales Revenue 52
Figure 18. North America Addressable Market Cap in 2023-2032 by Battery Type, Value ($ mn) and Share (%) 52
Figure 19. North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type: Lithium-ion Batteries, 2022-2032, $ mn 53
Figure 20. North America Electric Vehicle Battery Reuse and Recycling Market by Lithium-ion Batteries: Lithium Ferro Phosphate (LFP) Battery, 2022-2032, $ mn 55
Figure 21. North America Electric Vehicle Battery Reuse and Recycling Market by Lithium-ion Batteries: Lithium-ion Manganese Oxide (LMO), 2022-2032, $ mn 56
Figure 22. North America Electric Vehicle Battery Reuse and Recycling Market by Lithium-ion Batteries: Lithium-nickel-cobalt-aluminum Oxide (NCA), 2022-2032, $ mn 57
Figure 23. North America Electric Vehicle Battery Reuse and Recycling Market by Lithium-ion Batteries: Lithium-nickel-manganese-cobalt Oxide (NMC), 2022-2032, $ mn 58
Figure 24. North America Electric Vehicle Battery Reuse and Recycling Market by Lithium-ion Batteries: Lithium-titanate Oxide (LTO), 2022-2032, $ mn 59
Figure 25. North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type: Nickel-metal Hydride Batteries, 2022-2032, $ mn 60
Figure 26. North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type: Lead-acid Batteries, 2022-2032, $ mn 61
Figure 27. North America Electric Vehicle Battery Reuse and Recycling Market by Battery Type: Other Battery Types, 2022-2032, $ mn 62
Figure 28. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by EV Type, 2022-2032, % of Sales Revenue 64
Figure 29. North America Addressable Market Cap in 2023-2032 by EV Type, Value ($ mn) and Share (%) 64
Figure 30. North America Electric Vehicle Battery Reuse and Recycling Market by EV Type: Battery Electric Vehicle (BEV), 2022-2032, $ mn 65
Figure 31. North America Electric Vehicle Battery Reuse and Recycling Market by EV Type: Hybrid Electric Vehicle (HEV), 2022-2032, $ mn 66
Figure 32. North America Electric Vehicle Battery Reuse and Recycling Market by EV Type: Plug-in Hybrid Electric Vehicle (PHEV), 2022-2032, $ mn 67
Figure 33. North America Electric Vehicle Battery Reuse and Recycling Market by EV Type: Fuel Cell Electric Vehicle (FCEV), 2022-2032, $ mn 68
Figure 34. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by Vehicle, 2022-2032, % of Revenue 70
Figure 35. North America Addressable Market Cap in 2023-2032 by Vehicle, Value ($ mn) and Share (%) 70
Figure 36. North America Electric Vehicle Battery Reuse and Recycling Market by Vehicle: Passenger EVs, 2022-2032, $ mn 71
Figure 37. North America Electric Vehicle Battery Reuse and Recycling Market by Vehicle: Commercial EVs, 2022-2032, $ mn 72
Figure 38. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by End Use, 2022-2032, % of Revenue 74
Figure 39. North America Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 74
Figure 40. North America Electric Vehicle Battery Reuse and Recycling Market by End Use: Electric Cars, 2022-2032, $ mn 75
Figure 41. North America Electric Vehicle Battery Reuse and Recycling Market by End Use: Electric Buses, 2022-2032, $ mn 76
Figure 42. North America Electric Vehicle Battery Reuse and Recycling Market by End Use: Energy Storage Systems, 2022-2032, $ mn 77
Figure 43. North America Electric Vehicle Battery Reuse and Recycling Market by End Use: Other End Uses, 2022-2032, $ mn 78
Figure 44. Breakdown of North America Electric Vehicle Battery Reuse and Recycling Market by Country, 2022 and 2032, % of Revenue 80
Figure 45. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 81
Figure 46. U.S. Electric Vehicle Battery Reuse and Recycling Market, 2022-2032, $ mn 83
Figure 47. Canada Electric Vehicle Battery Reuse and Recycling Market, 2022-2032, $ mn 85
Figure 48. Electric Vehicle Battery Reuse and Recycling Market in Mexico, 2022-2032, $ mn 87
Figure 49. Growth Stage of North America Electric Vehicle Battery Reuse and Recycling Industry over the Forecast Period 89

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North America Electric Vehicle Battery Reuse and Recycling Market Outlook, 2029

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