Electric Vehicles Battery Recycling Market is expected to reach US$ 20.33 billion by 2032 | Major Companies - GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum.

Market Size and Growth:

The Global Electric Vehicle Battery Recycling Market Size reached US$ 1.12 billion in 2024 and is expected to reach US$ 20.33 billion by 2032, growing with a CAGR of 43.67% during the forecast period 2025-2032. According to DataM Intelligence Report.

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The Electric Vehicles (EV) Battery Recycling Market involves the collection, processing, and recovery of valuable materials from used EV batteries, such as lithium, cobalt, and nickel. It aims to reduce environmental impact, minimize resource scarcity, and support sustainable mobility by enabling the reuse of battery components in new batteries, promoting a circular economy within the growing electric vehicle sector.

United States: Recent Developments of Electric Vehicles Battery Recycling Market

✅ September 2025: American Battery Technology Company partnered with Call2Recycle to expand consumer access to lithium-ion battery recycling, transporting collected batteries to ABTC's facilities for closed-loop recovery of critical minerals like lithium, cobalt, and nickel.​

✅ November 2025: American Battery Technology Company received EPA approval to recycle up to 100,000 damaged lithium-ion battery modules from a major cleanup in Northern California, recovering materials worth potentially $30 million for EV supply chains.​

✅ November 2025: Redwood Materials advanced nationwide battery recycling efforts, positioning the US to compete in critical minerals recovery from EV batteries.​

Europe: Recent Developments of Electric Vehicles Battery Recycling Market

✅ September 2025: BMW Group advanced its high-voltage battery recycling process, recovering cobalt, nickel, and lithium from used batteries to reintroduce into new battery production.​

✅ September 2025: cylib secured a EUR 26.1 million grant to construct a sustainable lithium-ion battery recycling facility at CHEMPARK Dormagen, enhancing European supply chain resilience.​

✅ October 2025: French startup Battri launched its first facility to extract black mass from batteries, initiating a key step in the recycling chain for reuse in new batteries.​

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Major Players:

Key companies in the Electric Vehicles Battery Recycling market include:

GEM Co., Ltd.
Eramet
Li-Cycle Corp
Fortum
Umicore
Redwood Materials Inc.
Shenzhen Highpower Technology Co., Ltd.
ACE Green Recycling, Inc.
Stena Metall AB
ACCUREC-Recycling GmbH

Market Growth Drivers:

✅ Rising Adoption of Electric Vehicles: The surge in global EV sales increases the volume of end-of-life batteries, creating a larger pool for recycling and driving demand for efficient recovery processes.

✅ Stringent Environmental Regulations and Sustainability Mandates: Governments and corporations push for circular economy practices through policies that require battery recycling, reducing environmental impact and promoting resource conservation.

✅ Securing Supply Chains for Critical Minerals: Recycling recovers valuable materials like lithium, cobalt, and nickel at lower costs than mining, mitigating supply shortages and geopolitical risks amid growing EV production needs.

Segments Covered in the Electric Vehicles Battery Recycling Market:

By Battery Type: Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide.

By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers, Others.

By Process: Hydrometallurgical, Pyrometallurgical, Mechanical, Others.

By Application: Electric Vehicles, Energy Storage Systems, Consumer Electronics, Others.

Regional Analysis for Electric Vehicles Battery Recycling Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Electric Vehicles Battery Recycling market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Electric Vehicles Battery Recycling Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Electric Vehicles Battery Recycling market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Electric Vehicles Battery Recycling Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Electric Vehicles Battery Recycling market?

➠ Who are the global key manufacturers of the Electric Vehicles Battery Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Electric Vehicles Battery Recycling market opportunities and threats faced by the vendors in the global Electric Vehicles Battery Recycling Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Electric Vehicles Battery Recycling market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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