Electric Vehicle Battery Recycling Market Report 2025 (Global Edition)

Global Electric Vehicle Battery Recycling Market Report 2025 Market Size Split by Type (Lead Acid, Lithium-ion, Others), by Application (Electric Cars, Electric Buses, Energy Storage Systems, Others),...

Electric Vehicle Battery Recycling Market Report Description

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Electric Vehicle Battery Recycling Market Insights Video

Competitive Landscape of the Electric Vehicle Battery Recycling Market

There is a wide range of participants in the market for electric vehicle battery recycling, and competition is likely to heat up with the anticipated entry of new competitors. Well-established industry leaders prioritize effectiveness, dependability, and safety while constantly improving their technologies to preserve a competitive edge. Strategic initiatives including forming partnerships, expanding their product lines, and taking part in joint ventures are given top priority by these companies. Their goal is to beat rivals in the industry and gain a sizable market share in the recycling of batteries for electric vehicles.

May 2024: Over the next five years, Attero Recycling Pvt. Ltd. (India) intends to increase its capacity for recycling batteries and e-waste by investing more than £8,000 crore. (Source: https://www.business-standard.com/amp/companies/news/attero-to-invest-over-rs-8-000-cr-to-ramp-up-e-waste-recycling-capacity-124051900446_1.html ) October 2023: In order to create a joint venture for recycling scrap and end-of-life electric vehicle batteries from gigafactories in Europe and North America, Stellantis N.V. (Netherlands) and Orano SA (France) inked an agreement. The goal of the joint enterprise was to produce active/black mass. (Source: https://www.recyclingtoday.com/news/stellantis-orano-plan-partnership-to-recycle-electric-vehicle-batteries/ ) January 2023: Mercedes Benz and Lohum, an Indian battery maker, have forged a strategic alliance. The partnership seeks to salvage and recycle old batteries from Indian e-rickshaws. This collaboration demonstrates the burgeoning e-mobility industry in India's shared commitment to sustainable practices and the ethical disposal of battery trash. (Source: https://www.outlookbusiness.com/amp/story/news/mercedes-benz-energy-partners-with-indian-start-up-lohum-to-recycle-ev-batteries-news-250739 ) July 2022: The joint venture plans of LG Energy Solution and Huayou Cobalt to build a new battery waste recycling facility in China have been revealed. The partnership seeks to meet the rising demand for environmentally friendly battery disposal options by utilizing its resources and experience in the recycling sector. The collaborative business is a big step toward encouraging circular economy principles and making sure that battery waste is managed responsibly in the area. (Source: https://amp.kedglobal.com/newsAmp/ked202207260017 )

Top Companies Market Share in Electric Vehicle Battery Recycling Industry: (In no particular order of Rank)

• Battery Solutions Inc.
• Aqua Metals Inc.
• Umicore SA
• Retriev Technologies Inc.
• Glencore International AG
• GEM Co.
• Ltd.
• Enirgi Group Corporation
• Tesla
• Inc.
• Li-Cycle Corp.
• American Manganese Inc.
• Neometals Ltd.
• Raw Materials Company Inc.
• Terracycle Inc.
• Fortum Oyj
• Green Energy Metals Pty Ltd
• Gopher Resource LLC
• Recupyl
• Battery Recycling Made Easy (BRME)
• Lithion Recycling Inc.
• International Metals Reclamation Company (INMETCO)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Electric Vehicle Battery Recycling Market

Which Region Dominates the Electric Vehicle Battery Recycling Market in 2024?

According to Cognitive Market Research, North America currently dominates the Electric Vehicle Battery Recycling market, and the region is expected to have significant growth during the projected period. The area is seeing a rise in investments in cutting-edge technologies to improve mobility and an increase in environmental issues related to the release of dangerous air pollutants. In addition, the region's automotive industry's need for automation and cutting-edge technology is one of the main reasons expected to fuel market expansion throughout the region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This can be attributed to several factors, including the region's developing nations like China, India, and Indonesia, rising fuel prices, governmental regulations, and the region's high rate of adoption of smart mobility services and non-fossil fuel-based vehicles. Additionally, rising vehicle standards and an increase in the number of vehicles in the area are contributing to the market's expansion.

The current report Scope analyzes Electric Vehicle Battery Recycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Electric Vehicle Battery Recycling Market Analysis

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was estimated at USD 9124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Electric Vehicle Battery Recycling market with a market size of USD 2879.60 million in 2024 and is projected to grow at a CAGR of 24.0% during the forecast period propelled by the rising amount of battery trash produced and the expanding need for lithium-ion batteries for the manufacturing of EVs.
• The Canada Electric Vehicle Battery Recycling market had a market share of USD 437.96 million in 2024 and is projected to grow at a CAGR of 25.0% during the forecast period ascribed to the existence of significant businesses in the area, consumers' increased disposable money, and the use of electric cars for transit.
• The Mexico Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.7% during the forecast period, with a market size of USD 332.12 million in 2024.

Europe Electric Vehicle Battery Recycling Market Analysis

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was estimated at USD 9124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2737.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.5% from 2024 to 2031.

• The United Kingdom Electric Vehicle Battery Recycling market had a market share of USD 459.86 million in 2024 and is projected to grow at a CAGR of 25.3% during the forecast period because there is a competent workforce and a strong manufacturing ecosystem.
• The France Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 251.83 million in 2024.
• According to Cognitive Market Research, the German Electric Vehicle Battery Recycling market size was valued at USD 541.98 million in 2024 and is projected to grow at a CAGR of 24.7% during the forecast period due to the nation's growing investments in cutting-edge recycling techniques and technology.
• The Italy Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 235.40 million in 2024.
• The Russia Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 424.28 million in 2024.
• The Spain Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 23.6% during the forecast period with a market size of USD 224.46 million in 2024
• The Luxembourg Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.6% during the forecast period, with a market size of USD 84.86 million in 2024.
• The Portugal Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.3% during the forecast period, with a market size of USD 57.48 million in 2024.
• The Greece Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.8% during the forecast period, with a market size of USD 32.85 million in 2024.
• The Rest of Europe's Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 23.2% during the forecast period, with a market size of USD 424.28 million in 2024.

Asia Pacific Electric Vehicle Battery Recycling Market Analysis

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was estimated at USD 9124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2098.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Electric Vehicle Battery Recycling market size was valued at USD 944.35 million in 2024 and is projected to grow at a CAGR of 27.5% during the forecast period driven by the growing need for lithium-ion batteries for the production of electric vehicles (EVs) and the rising amount of battery waste generated.
• The Japan Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 26.5% during the forecast period, with a market size of USD 289.60 million in 2024.
• The India Electric Vehicle Battery Recycling market had a market share of USD 251.83 million in 2024 and is projected to grow at a CAGR of 29.8% during the forecast period attributed to the presence of large corporations in the country, the rise in disposable income of consumers, and the adoption of electric vehicles for transportation.
• The South Korean Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 27.1% during the forecast period, with a market size of USD 209.86 million in 2024.
• The Australian Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 27.7% during the forecast period, with a market size of USD 109.13 million in 2024.
• The South East Asia Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 29.0% during the forecast period, with a market size of USD 144.80 million in 2024.
• The Rest of Asia Pacific Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 27.8% during the forecast period, with a market size of USD 149.00 million in 2024.

South America Electric Vehicle Battery Recycling Market Analysis

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was estimated at USD 9124.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 456.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electric Vehicle Battery Recycling market size was valued at USD 195.26 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period because the country is investing more and more in advanced recycling technology and procedures, and because there is a skilled labor pool and a robust manufacturing ecosystem.
• Argentina's Electric Vehicle Battery Recycling market had a market share of USD 76.64 million in 2024 and is projected to grow at a CAGR of 26.3% during the forecast period driven by the growing need for lithium-ion batteries for the production of electric vehicles (EVs) and the rising amount of battery waste generated.
• Colombia Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 40.60 million in 2024.
• Peru Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 25.6% during the forecast period, with a market size of USD 37.41 million in 2024.
• Chile Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 32.85 million in 2024.
• The Rest of Latin America's Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.5% during the forecast period, with a market size of USD 73.45 million in 2024.

Middle East Electric Vehicle Battery Recycling Market Analysis

According to Cognitive Market Research, the global Electric Vehicle Battery Recycling market size was estimated at USD 9124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 182.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.7% from 2024 to 2031..

• The GCC Countries Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 26.5% during the forecast period, with a market size of USD 78.10 million in 2024 attributed to the presence of large corporations in the country, the rise in disposable income of consumers, and the adoption of electric vehicles for transportation.
• The Egypt Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 26.0% during the forecast period, with a market size of USD 19.16 million in 2024.
• The South Africa Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 26.7% during the forecast period, with a market size of USD 28.83 million in 2024 because the country is investing more and more in advanced recycling technology and procedures, and because there is a skilled labor pool and a robust manufacturing ecosystem.
• The Turkey Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 15.69 million in 2024.
• The Nigeria Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.8% during the forecast period, with a market size of USD 19.16 million in 2024.
• The Rest of the MEA Electric Vehicle Battery Recycling market is projected to witness growth at a CAGR of 24.7% during the forecast period, with a market size of USD 21.53 million in 2024.

Electric Vehicle Battery Recycling Market Analysis

How are Segments Performing in the Global Electric Vehicle Battery Recycling Market?

Electric Vehicle Battery Recycling Market Type Segment Analysis

According to Cognitive Market Research, lithium-ion category likely to dominate the Electric Vehicle Battery Recycling Market over the forecast period. Because of features like high power-to-weight ratio, low self-discharge, and good high-temperature performance—all of which offer substantial environmental advantages over other fossil fuel alternatives—the lithium-based subsegment of the global market for recycled batteries for electric vehicles is expanding. An immediate impact on reducing carbon emissions is anticipated with the growing popularity of electric vehicles. Over the course of the projected period, these crucial factors could have a significant impact on market growth. The demand for vehicle lithium-ion batteries is rising for each of these reasons.

The lead acid is the fastest-growing segment in the Electric Vehicle Battery Recycling Market. Because lead-acid batteries are heavy, inexpensive, and low maintenance, they are thought to be the ideal power source. This subsegment is expected to grow as a result of the growing usage of lead-acid batteries in a range of applications, such as electric scooters, backup power supplies, and maritime applications, in addition to attributes including affordability, simplicity, and energy efficiency. Over 97% of lead-acid batteries in the US and Europe are recycled, and over 75% of the lead used in brand-new lead-acid batteries comes from recycled batteries. The demand for lead-acid batteries is gradually rising for each of these reasons.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Battery Recycling Industry. Request a Free Sample PDF!

Electric Vehicle Battery Recycling Market Application Segment Analysis

According to Cognitive Market Research, the electric cars segment holds the largest share of the market ascribed to the increasing global popularity of electric automobiles. Because more people are becoming aware of the negative environmental effects of conventional cars, there is a growing desire for electric vehicles, which is driving up the demand for batteries. Consequently, there will probably be significant growth in the electric vehicle battery recycling market in the near future.

In the Electric Vehicle Battery Recycling Market, the electric buses category has been expanding at a rapid pace because alternative fuel technologies are being used more often in buses and other business vehicles. E-buses are used because they operate quietly, emit no emissions, and accelerate more quickly. This market sector is expanding as a result of decreasing procurement costs and growing improvements in bus range.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electric Vehicle Battery Recycling Process Segment Analysis

Electric Vehicle Battery Recycling Market Process Segment Analysis

According to Cognitive Market Research, the hydrometallureical segment holds the largest market share. Hydrometallurgy offers a lot of benefits to the market. Because of its effectiveness, the recovery of most resources is possible when important metals like manganese, nickel, cobalt, and lithium are extracted from old batteries. High-purity materials that can be used again in the production of batteries are guaranteed to be recovered by selective extraction. It's a sustainable alternative because of environmentally friendly processes that use less energy and produce fewer emissions than previous ones. Scalability supports operations of all scales, while versatility handles different battery chemistries.

In the Electric Vehicle Battery Recycling market, the rapidly growing sector is the pyrometallurgical category attributed to the high recycling rates made possible by the pyrometallurgical process, the growing need to extract organic material from Li-ion batteries, the need for more economical and efficient recycling techniques, the need to recover valuable materials from spent Li-ion batteries in order to lessen the need for new mining, strict environmental regulations, and the growing demand for more adaptable and scalable recycling processes.

• Pyrometallurgical
• Hydrometallurgical
• Others

Electric Vehicle Battery Recycling End-use Segment Analysis

Electric Vehicle Battery Recycling Market End-use Segment Analysis

According to Cognitive Market Research, the passenger car segment dominates the market. The market for electric vehicles battery recycling is expanding quickly, and this is creating a greater need for battery recycling due to government incentives and environmental concerns. Furthermore, there is a steady need for recycling services when the batteries in electric vehicles approach the end of their useful lives. The segment's dominance in the market analysis of electric car battery recycling is further attributed to consumer awareness of environmental impact and regulatory demands.

Commercial vehicles are projected to be the fastest-growing segment in the Electric Vehicle Battery Recycling market. The growing need for low-emission commuting, the government's increased emphasis on implementing zero-emission commercial transportation, the high demand for electric public transportation and logistics services, and the growing need to manage the disposal of used batteries are the main factors driving this segment's growth.

• Passenger Car
• Commercial Vehicle

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

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