Why Need Second-Life Automotive Lithium-Ion Battery?

One of the suggested ways to lower the price of electric vehicles is to reuse the batteries after they have been discontinued from use in automobiles. The economic viability of such a solution has been examined in great detail in the literature, and certain automakers have lately started running several initiatives to show the technical practicality of the so-called battery second life.

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The growing use of EVs is a significant element in the increasing need for EV batteries, fueling the expansion of the second-life automotive lithium-ion battery market. Global EV sales are fueled by growing environmental concerns, particularly caused by the accelerating pace of ozone depletion.

Approximately 43% of all greenhouse gases released today come from the vehicle industry. As a result, several government efforts to protect the environment are being made possible by the growing environmental worries over the degradation of the air quality brought on by an increase in car exhaust gases.

Why Reusing EV Batteries?

The lithium batteries in EVs will probably still have more than 2/3 of their useable energy storage over 8 to 12 years in a vehicle. Used EV batteries may provide 5-8 more years of life in a different application, depending on their state.

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With use and time, a battery's capacity to store and quickly discharge electricity deteriorates. Degradation determines how often a battery can discharge its stored power at a particular rate. Fast charge and discharge cycles, exposure to high temperatures, and frequent use of the battery's maximum storage capacity are all likely to have an adverse effect on battery performance.

Reusing EV batteries can help reduce environmental consequences and increase supply security by being used in off-grid, household, and distribution grid markets. These batteries increase material efficiency and provide significant social and economic benefits for the energy and automobile industries.

In certain applications, used batteries may cost 35 to 75 % less in future than brand-new ones, tying up a lot less cash per cycle.

The Future of Energy Storage

As per cycling requirements, there are multiple applications for re-purposed batteries. One is that storing sustainable energy for power backup is an essential utility that improves system flexibility.

Energy storage solutions for homes and businesses are a major advantage since they assist end users in getting the most value for their money. Because they can offer backup power of various sizes, depending on consumption needs, lithium-ion batteries are a reliable source of backup power for both industrial and residential consumers.

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