Second-life EV Batteries Market by Size, Share, Forecast, & Trends Analysis

The growing access to EV charging infrastructure, government incentives supporting EV adoption, the decreasing total cost of EV ownership, and developing countries’ focus on expanding EV charging infrastructure and phasing out fossil fuel-powered vehicles are driving the adoption of electric vehicles globally. According to the International Energy Agency, despite the COVID-19 pandemic and associated supply chain bottlenecks, EV sales reached a record high in 2021.