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North America EV Battery Reuse Market Share

Report ID: GMI8654
Published Date: Mar 2024
Report Format: PDF

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North America EV Battery Reuse Market Share

North America EV Battery Reuse Market Company Share Analysis, 2023

Tesla stands out as one of the largest players in the North America EV battery reuse industry. Renowned for its innovation and dominance in the electric vehicle sector, Tesla's extensive experience and technological prowess position it as a key player in repurposing EV batteries for secondary applications, contributing significantly to the market's growth and development.

North America EV Battery Reuse Market Companies

Some of the key market players operating across the market are:

Ascend Elements, Inc.
B2U Storage
Cirba Solutions
Moment Energy
Nissan Motor Co., Ltd.
Renault Group
RePurpose Energy Inc.
RWE + Audi
Spiers New Technologies Inc.
Stena Metall
Tesla

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Industry size for North America EV battery reuse was USD 32.8 million in 2023 and is anticipated to grow at 53.3% CAGR from 2024-2032, driven by the increasing adoption of EVs leading to the surge in retired batteries available for repurposing.

North America EV battery reuse industry from HEV & PHEV source segment is projected to account for over 40% revenue share by 2032 attributed to the advancements in battery technology and the growing emphasis on sustainability.

U.S. EV battery reuse industry is estimated to generate more than USD 1.4 billion in revenue by the end of 2032, on account of the increasing adoption of EVs, leading to a surplus of retired batteries, which are repurposed for secondary applications.

Some of the key North America EV battery reuse market players are Ascend Elements, Inc., B2U Storage, Cirba Solutions, Moment Energy, Nissan Motor Co., Ltd., Renault Group, RePurpose Energy Inc., RWE + Audi, Spiers New Technologies Inc., Stena Metall, and Tesla.