Global EV battery recycling market 2022-2028

The electric vehicle (EV) battery recycling market was estimated at 2.3 billion U.S. dollars in 2022. This sector is forecast to grow at a compound annual growth rate of 27.3 percent over the coming years, to reach 9.8 billion dollars in 2028. As more EVs enter the global vehicle fleet, massive amounts of retired EV batteries will be available for repurposing and/or as sources for the materials needed for further battery production.

Market value of electric vehicle battery recycling worldwide in 2022, with forecasts to 2028 (in billion U.S. dollars)

Characteristic	Market value in billion U.S. dollars
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Release date

January 2023

More information

Region

Worldwide

Survey time period

2022

Special properties

* Estimate; ** Starting from the indicated year, figures are forecasts

Supplementary notes

This Statista estimate is based on the 2022 and 2028 values, and the compound annual growth rate provided by the source. An exponential development of the values was assumed.

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