Understanding the Economics of Aged Traction Batteries: Market Value and Dynamics
Merlin Frank,
Sebastian Preussner,
Natalia Soldan Cattani
et al.
Abstract:The growing demand and market penetration of electric vehicles (EVs) have led to an expansion in the size of the market for used EVs, accompanied by a continuous increase in the return rate of aging battery systems. Consequently, a second-hand market for aged battery systems, known as second-life batteries, is slowly emerging. Understanding this market is crucial for enabling a functioning circular economy for batteries. This paper analyzes the market mechanisms influencing price formation for used goods, draw… Show more
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