A second life for EV batteries? Depends how long the first is
As cars built a decade ago remain in use, a lack of old EV batteries puts the viability of second-life opportunities into question. Startups have targeted second-life energy storage using old EV batteries, now carrying around USD 1bn in funding from investors. However, competition and costs remain high, with original equipment manufacturers from Mercedes to Nissan setting up their own second-life operations too.
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