| Title |
Understanding the Economics of Aged Traction Batteries: Market Value and Dynamics |
| ID_Doc |
24940 |
| Authors |
Frank, M; Preussner, S; Cattani, NS; Frieges, M; Heimes, HH; Kampker, A |
| Title |
Understanding the Economics of Aged Traction Batteries: Market Value and Dynamics |
| Year |
2024 |
| Published |
Batteries-Basel, 10, 5 |
| DOI |
10.3390/batteries10050162 |
| 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, drawing parallels to the largest second-hand market, the used car market, and applies them to the second-life battery market. By examining these mechanisms, insights are provided into the dynamics of the second-life battery market, facilitating the development of strategies to optimize resource utilization and sustainability in the EV industry. Finally, the second-life battery price index is introduced, increasing the transparency of prices for lithium-ion batteries and the circular economy. |
| Author Keywords |
second-life batteries; battery pricing; repurposing; second-hand vehicle market; electric vehicle pricing; battery price index |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED) |
| EID |
WOS:001234139600001 |
| WoS Category |
Electrochemistry; Energy & Fuels; Materials Science, Multidisciplinary |
| Research Area |
Electrochemistry; Energy & Fuels; Materials Science |
| PDF |
https://www.mdpi.com/2313-0105/10/5/162/pdf?version=1715697568
|