In 2020, EV batteries available for recycling worldwide amounted to an estimated 250 kilotons. This figure is expected to increase more than seven-fold by 2030, as batteries in the market reach the end of their lifetime and demand for new batteries increases. By 2040, it is forecast that over 20 million tons of EV batteries will be available for recycling.
Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040
(in kilotons)
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McKinsey & Company. (March 13, 2023). Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040 (in kilotons) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/
McKinsey & Company. "Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040 (in kilotons)." Chart. March 13, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/
McKinsey & Company. (2023). Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040 (in kilotons). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/
McKinsey & Company. "Supply of Ev Batteries for Recycling Worldwide in 2020, with a Forecast from 2025 to 2040 (in Kilotons)." Statista, Statista Inc., 13 Mar 2023, https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/
McKinsey & Company, Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040 (in kilotons) Statista, https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/ (last visited December 21, 2024)
Supply of EV batteries for recycling worldwide in 2020, with a forecast from 2025 to 2040 (in kilotons) [Graph], McKinsey & Company, March 13, 2023. [Online]. Available: https://www.statista.com/statistics/1415407/ev-battery-recycling-supply-worldwide/