The many benefits for the environment of second life EV batteries include:
- A reduction in mineral extraction and an increase in resource conservation, thereby preventing the further depletion of the Earth’s minerals and avoiding energy- and emission-intensive material processing
- A reduction of waste in the environment
- The reuse of materials after they have been recycled
Moreover, extending the life of batteries means reducing their carbon footprint and increasing the amount of renewable energy on the grid. It also makes electric vehicles cheaper because it converts waste disposal costs into residual value, further fostering the energy transition and triggering a virtuous cycle of decarbonization.