• Summary
  • Table Of Content
  • Segmentation
  • Request sample

North America EV Battery Recycling Market Synopsis:

North America EV Battery Recycling Market Size Was Valued at USD 60.64 Million in 2023 and is Projected to Reach USD 2332.6 Million by 2032, Growing at a CAGR of 50.01% From 2024-2032.

EV battery recycling refers to the process of breaking down used electric vehicle (EV) batteries to recover valuable materials such as lithium, cobalt, manganese, and nickel, which can be reused in the production of new batteries or other applications. The process helps minimize environmental waste, reduce dependency on mining raw materials, and support the circular economy within the EV industry. Lithium-ion batteries, being the most common type used in EVs, are the primary focus of recycling efforts due to their high value and widespread adoption.

The EV battery recycling market is experiencing rapid growth, driven by the increasing adoption of electric vehicles worldwide and the subsequent rise in the number of end-of-life batteries. Stringent government regulations on battery disposal and incentives for recycling, coupled with growing awareness of sustainability, are key factors boosting the market.

Additionally, the demand for recycled materials is surging as automakers aim to secure a stable supply of critical minerals while reducing their carbon footprint. Advancements in recycling technologies, such as hydrometallurgical and pyrometallurgical processes, are enhancing the efficiency of material recovery and reducing the environmental impact of recycling operations.

Emerging innovations like direct cathode recycling and automated battery disassembly systems are further improving the economic viability of the industry. These innovations are attracting investments from both established companies and start-ups, fostering competition and driving technological breakthroughs.

EV Battery Recycling Market Trend Analysis:

Increasing adoption of lightweight materials

  • The shift to using lightweight materials in the EV battery recycling market is a result of the industry’s push to model ways to improve efficiency and increase driving distance. Aluminium and composite materials thus enjoy frequent usage due to the prospects they hold in reducing the overall weight of the electric vehicle which in turn enhances energy efficiency and power.
  • Therefore, these materials are gradually being adopted in EV design as a means of meeting the strict fuel economy requirements and user expectations of advanced EVs with higher driving ranges.
  • In particular, the use of lightweight materials is helpful in recycling not only because of the marked effect it has on a product’s weight but also due to other benefits that can be seen with the aid of such materials in the actual recycling process. They often require less energy to manage and sort, and they are typically lighter than other, denser materials, meaning that it is easier to dismantle recycling plants that work with them.
  • Furthermore, many lightweight materials are moderately CFRPs (carbon fiber reinforced plastics) which are lighter in comparison to other normal materials in transportation, and when recycled need considerably less energy to recycle them completely, thus reflecting the sustainability agenda of the EV market. All in all, the weight reduction trend seen today not only positively impacts the Electric vehicle from the functional standpoint but also gives a boost to the present prospects of the EV battery recycling market.

Development of new battery chemistries

  • The opportunities that the new battery chemistries offer the EV battery recycling market are myriad, and the key points include: First, changed by the introduction of new battery technologies, old battery technologies may either be outdated or not so popular in the market.
  • This transition defines the need for proper management or recycling of the old batteries and at the same time, the efficient recovery of metals for new uses. To discuss, by coming up with value-added recycling processes that are relevant to these changing chemistries, the industry can improve the management of resources and the resulting environmental expenditures.
  • The development of new battery chemistries frequently presents enhancements in battery power density, efficiency, and durability and, thus, can spur on more utilization of electric vehicles. While the EV manufacturers do this as a way to improve the performances of their automobiles, the resultant effect will be more batteries with the new chemistries required to improve the cars.
  • Thus, given the fact that higher volumes of spent batteries are being disposed of in the recycling process, the recycling market has the potential to benefit. By enhancing and upgrading recyclability, recycling solutions for these progressing chemistries will create new opportunities for the benefit of stakeholders of electric vehicles, promoting a circular economy approach for a more sustainable recycling and resource recovery.

EV Battery Recycling Market Segment Analysis:

EV Battery Recycling Market is segmented based on Type, Sources, Vehicle Type, and Country

By Type, lithium-ion is expected to dominate the market during the forecast period

  • The lithium-ion battery has dominated the EV battery recycling market in recent years. This popularity is a result of the energy density, the long cycle span, lighter and superior to the conventional Lead-acid batteries utilized in a variety of electronic apparatus and electric cars in particular.
  • Since the electric vehicle market has adopted very fast due to forces such as environmental conservationism and incentives given by governments among others, lithium-ion batteries have been in high demand. As a result, the volume of spent Li-ion batteries that enter the recycling chain has also been rising, thus boosting the lithium-ion recycling market segment.
  • In addition, there are great prospects in recycling lithium-ion batteries, as we said before, laying special emphasis on the recovery of such components as lithium, cobalt, nickel, and manganese required for the production of lithium-ion batteries. These are _limited resources_ since they are finite in supply and given the increasing costs of extracting these resources from the earth, recycling batteries offers a sustainable way of meeting the increasing demand for these battery materials.
  • In addition, recycling technologies have progressed to make lithium-ion materials easy to recycle, meaning that recycling these materials from old lithium-ion batteries becomes less expensive, hence making the lithium-ion segment control the EV battery recycling market. With the global transition to electric vehicles being highly likely, it also remains expected the lithium-ion segment will remain at the helm of driving the EV battery recycling market.

By Sources, End of life segment held the largest share in 2023

  • The battery recycling market grouped according to the phase of a battery’s lifecycle makes a bigger part of the EV battery recycling market focus on the end-of-life segment. This is because batteries with high depth, volume, and density of discharge are nearing their cycle in EVs. Many countries particularly in Asia Pacific, Europe, and North America are implementing policies that promote the use of electric vehicles and as the adoption spreads it will only be reasonable to expect more electric vehicles on the road.
  • Therefore, there is a large supply of spent batteries which originate from these vehicles to offer for recycling. End-of-life batteries include batteries that are no longer capable of delivering power due to natural wear and tear or because they have come full circle in their operational cycle and need to be recycled for raw materials that can be used to manufacture new batteries or other relevant products
  • Though the EO-Life segment shall continue to form a large proportion of the EV Battery Recycling market shortly, the production scrap segment is also expected to gather pace. Production scrap embraces batteries that are dilapidated or which are more than the required amount as a result of manufacturing electric vehicles and their batteries.
  • Scavenging and recycling from the automotive industry to the electric vehicle industry remains a crucial sector of resource conservation as more and more manufacturers increase the efficiency of production, and reduce waste. Nonetheless, born of a previously unanticipated abundance of perfectionism, the practice of minimizing production scrap is widely maintained, which leaves an unavoidable degree of waste inherent to manufacturing processes.

North America EV Battery Recycling Market Regional Insights:

United States is Expected to Dominate the Market Over the Forecast Period

  • The United States leads the EV battery recycling market due to its advanced infrastructure, robust regulations, and commitment to sustainability. The country has established efficient recycling facilities and developed innovative technologies to extract valuable materials such as lithium, cobalt, and nickel from used batteries. These efforts not only minimize environmental hazards but also position the U.S. as a global leader in sustainable battery practices.
  • Recycling EV batteries is critical for reducing the environmental impact of electric vehicles. If discarded in landfills, toxic materials can leach into soil and groundwater, posing severe ecological and health risks. Recycling mitigates these dangers by safely recovering and reusing these materials, significantly reducing environmental contamination and conserving finite resources.
  • Moreover, the U.S. benefits from government initiatives and partnerships with private industries that encourage sustainable practices. Policies incentivize recycling through tax benefits, grants, and stringent regulations against improper battery disposal. This strategic alignment fosters a thriving recycling ecosystem and promotes innovation in recycling methods.
  • The U.S. dominance in EV battery recycling also stems from its focus on reducing dependence on mining. By reusing materials extracted from recycled batteries, the country lessens the need for resource-intensive mining operations. This not only conserves natural resources but also strengthens the domestic supply chain, ensuring a steady supply of critical materials for future battery production.

Active Key Players in the North America EV Battery Recycling Market:

  • American Manganese Inc. (Canada)
  • Aqua Metals Inc. (United States)
  • Battery Solutions LLC (United States)
  • DOWA Eco-System Co., Ltd. (Japan)
  • GEM Co., Ltd. (China)
  • Li-Cycle Corp. (Canada)
  • Raw Materials Company Inc. (Canada)
  • Recupyl (France)
  • Redwood Materials (United States)
  • Retriev Technologies Inc. (United States)
  • SNAM (Italy)
  • Tes-Amm (Singapore)
  • The Doe Run Company (United States)
  • Umicore (Belgium) and Other Key Players

Key Industry Developments in the North America EV Battery Recycling Market:

  • In January 2025, Toyota Motor North America received a $4.5 million grant from the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) initiative to advance EV battery recycling. The funding aimed to support the development of a circular domestic supply chain for electric vehicle batteries, promoting sustainability and reducing reliance on raw material imports. This initiative aligned with efforts to improve battery lifecycle management and establish eco-friendly practices in the EV industry, ensuring efficient reuse and recycling of critical battery components.
  • In September 2024, Electra Battery Materials Corporation (“Electra” or the “Company”) announced a joint venture, Aki Battery Recycling, with Indigenous-owned Three Fires Group to responsibly recycle lithium-ion battery scrap and waste materials. Through this partnership, the companies aimed to produce battery black mass, which would then be sold to Electra’s refinery for the recovery of critical minerals, including lithium, nickel, cobalt, and others, essential for manufacturing new lithium-ion batteries.

North America EV Battery Recycling Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 60.64 Mn.

Forecast Period 2024-32 CAGR:

50.01%

Market Size in 2032:

USD 2332.6 Mn.

Segments Covered:

By Type

  • Lithium-ion
  • Lead Acid
  • Others

By Source

  • End of life
  • Production Scrap

By Vehicle Type

  • Passenger Cars
  • Buses
  • Vans
  • Others

By Country

  • U.S., Canada, Mexico

Key Market Drivers:

  • Increasing adoption of lightweight materials

Key Market Restraints:

  • High Cost of Setting Up Recycling Facilities

Key Opportunities:

  • Expansion into New Markets

Companies Covered in the report:

  • American Manganese Inc. (Canada), Aqua Metals Inc. (United States), Battery Solutions LLC (United States), DOWA Eco-System Co., Ltd. (Japan), GEM Co., Ltd. (China), and Other Active Players


Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Industry Dynamics and Opportunity Analysis
  3.1.1 Growth Drivers
  3.1.2 Limiting Factors
  3.1.3 Growth Opportunities
  3.1.4 Challenges and Risks
 3.2 Market Trend Analysis
 3.3 Strategic Pestle Overview
 3.4 Porter's Five Forces Framework
 3.5 Industry Value Chain Mapping
 3.6 Regulatory Framework
 3.7 Pricing Trend Analysis
 3.8 Patent Analysis
 3.9 Technology Evolution
 3.10 Investment Pockets
 3.11 Import-Export Analysis

Chapter 4: North America EV Battery Recycling Market by Type
 4.1 North America EV Battery Recycling Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 Lithium-ion
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Lithium-ion: Geographic Segmentation Analysis
 4.4 Lead Acid
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Lead Acid: Geographic Segmentation Analysis
 4.5 Others
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Others: Geographic Segmentation Analysis

Chapter 5: North America EV Battery Recycling Market by Sources
 5.1 North America EV Battery Recycling Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 End of life
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 End of life: Geographic Segmentation Analysis
 5.4 Production Scrap
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Production Scrap: Geographic Segmentation Analysis

Chapter 6: North America EV Battery Recycling Market by Vehicle Type
 6.1 North America EV Battery Recycling Market Snapshot and Growth Engine
 6.2 Market Overview
 6.3 Passenger Cars
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Passenger Cars: Geographic Segmentation Analysis
 6.4 Buses
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Buses: Geographic Segmentation Analysis
 6.5 Vans
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Vans: Geographic Segmentation Analysis
 6.6 Others
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Others : Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 North America EV Battery Recycling Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 AMERICAN MANGANESE INC. (CANADA)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Recent News & Development
  7.2.8 SWOT Analysis
 7.3 AQUA METALS INC. (UNITED STATES)
 7.4 BATTERY SOLUTIONS LLC (UNITED STATES)
 7.5 DOWA ECO-SYSTEM CO.
 7.6 LTD. (JAPAN)
 7.7 GEM CO.
 7.8 LTD. (CHINA)
 7.9 LI-CYCLE CORP. (CANADA)
 7.10 RAW MATERIALS COMPANY INC. (CANADA)
 7.11 RECUPYL (FRANCE)
 7.12 REDWOOD MATERIALS (UNITED STATES)
 7.13 RETRIEV TECHNOLOGIES INC. (UNITED STATES)
 7.14 SNAM (ITALY)
 7.15 TES-AMM (SINGAPORE)
 7.16 THE DOE RUN COMPANY (UNITED STATES)
 7.17 UMICORE (BELGIUM)
 7.18 OTHER ACTIVE PLAYERS

Chapter 8:North America EV Battery Recycling Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Key Market Trends, Growth Factors and Opportunities
 8.3 Key Players
 8.4 Historic and Forecasted Market Size By Type
  8.4.1 Lithium-ion
  8.4.2 Lead Acid
  8.4.3 Others
 8.5 Historic and Forecasted Market Size By Sources
  8.5.1 End of life
  8.5.2 Production Scrap
 8.6 Historic and Forecasted Market Size By Vehicle Type
  8.6.1 Passenger Cars
  8.6.2 Buses
  8.6.3 Vans
  8.6.4 Others
 8.7 Historic and Forecast Market Size by Country
  8.7.1 U.S.
  8.7.2 Canada
  8.7.3 Mexico

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Conclusion

Chapter 10 Our Thematic Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

North America EV Battery Recycling Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 60.64 Mn.

Forecast Period 2024-32 CAGR:

50.01%

Market Size in 2032:

USD 2332.6 Mn.

Segments Covered:

By Type

  • Lithium-ion
  • Lead Acid
  • Others

By Source

  • End of life
  • Production Scrap

By Vehicle Type

  • Passenger Cars
  • Buses
  • Vans
  • Others

By Country

  • U.S., Canada, Mexico

Key Market Drivers:

  • Increasing adoption of lightweight materials

Key Market Restraints:

  • High Cost of Setting Up Recycling Facilities

Key Opportunities:

  • Expansion into New Markets

Companies Covered in the report:

  • American Manganese Inc. (Canada), Aqua Metals Inc. (United States), Battery Solutions LLC (United States), DOWA Eco-System Co., Ltd. (Japan), GEM Co., Ltd. (China), and Other Active Players
Please Wait...

Frequently Asked Questions :

What would be the forecast period in the North America EV Battery Recycling Market research report?

The forecast period in the North America EV Battery Recycling Market research report is 2024-2032.

Who are the key players in the North America EV Battery Recycling Market?

American Manganese Inc. (Canada), Aqua Metals Inc. (United States), Battery Solutions LLC (United States), DOWA Eco-System Co., Ltd. (Japan), GEM Co., Ltd. (China), Li-Cycle Corp. (Canada), Raw Materials Company Inc. (Canada), Recupyl (France), Redwood Materials (United States), Retriev Technologies Inc. (United States), SNAM (Italy), Tes-Amm (Singapore), The Doe Run Company (United States), Umicore (Belgium), and Other Active Players

What are the segments of North America EV Battery Recycling Market?

The EV Battery Recycling Market is segmented into Type, Sources, Vehicle Type, and Region. By Type, the market is categorized into Lithium-ion, Lead Acid, and Others. By Sources, the market is categorized into End-of-life and production Scrap. By Vehicle Type, the market is Passenger Cars, Buses, Vans, Others. By Region, it is analyzed across North America (U.S.; Canada; Mexico).

What is the North America EV Battery Recycling Market?

EV battery recycling can be defined as the gathering of used batteries from electric vehicles, followed by disassembling and recycling the same batteries. This usually consists of batteries that are generally lithium-ion; these batteries will degrade in their capability to store charges. Recycling is done so that materials such as lithium, cobalt, and nickel, which are used in a new battery or for other uses, can be reused in new batteries to minimize the level of impact on the environment it has and to maximize the utilization demand on resources for the electric vehicle industry.

How big is the North America EV Battery Recycling Market?

North America EV Battery Recycling Market Size Was Valued at USD 60.64 Million in 2023 and is Projected to Reach USD 2332.6 Million by 2032, Growing at a CAGR of 50.01% From 2024-2032.