Second-life EV Batteries Market to be Worth $28.17 Billion by 2031

Second-life batteries are batteries that have reached the end of their "automotive" life but still have a residual capacity of about 70-80%. This means they can be used in stationary systems, in combination with renewable energy generation, such as wind and solar, and/or to supply services to the electricity network. Extending the life of batteries means reducing their carbon footprint and increasing the amount of renewable energy available on the grid.