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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Batteries are utilised in automobiles as a backup power source. Batteries used to power a battery electric vehicle's propulsion system is known as electric vehicle batteries (EVBs).
Typically rechargeable batteries with a large ampere-hour capacity are used in electric car batteries. These batteries are compact and lightweight, which also aids in reducing the car's weight and improving the performance of the vehicle.
Recycling, on the other hand, is the process of turning garbage into new materials. Rising EV sales are also estimated to result in an increase in the overall number of EVBs at the end of their useful lives, which is likely to increase the need to recycle all the batteries used in EVs.
The UK EV Battery Recycling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
The first electric car battery recycling plant in the UK has been revealed by Veolia, the top resource management business in the country.
With an expected 350,000 tonnes of end-of-life electric car batteries, Veolia's new plant in Minworth, West Midlands, is the first step in growing its recycling technology and treatment capacity inside the UK.
Before beginning the mechanical and chemical separation recycling procedures, the facility will first discharge and disassemble batteries. Veolia will also make use of its extensive worldwide network to create a complete circular economy solution for the production of battery precursors.
Bringing Veolia's experience to the UK, along with other initiatives throughout the world, acknowledges the significance of the domestic market and the desire for responsible, local recycling.
The UK's top investors in battery cell technology and R&D, Britishvolt, and Glencore have formed a joint venture that leads the industry in battery recycling. Britishvolt is a strategic partner and the inventor of the battery.
In the UK, the joint venture will create a battery recycling ecosystem that is unparalleled in the world. This ecosystem will be centred by a new recycling facility at the Britannia Refined Metals (BRM) complex, a Glencore business in Northfleet. BRM will continue its present trade and production activities.
With the initiative, BRM will resume recycling, preserving current employment and adding new ones. Once finished, the facility will be Glencore and Britishvolt's first battery recycling facility in the UK, processing at least 10,000 tonnes of lithium-ion batteries annually.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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