The global electric vehicle (EV) and hybrid electric vehicle (HEV) battery recycling market is set to grow from $19.4 billion in 2024 to upwards of $69.4 billion by 2034, and the trend shows no signs of slowing. Recyclers can prepare to dominate this space today with smart battery triage, which can raise the potential ROI on an aftermarket battery module by 5x – 20x. Using NuVant’s EVd-40 Power Tester to test modules before shredding them, you can turn your reclamation operation into a profit center.
Why Triage Batteries?
The economics of battery recycling are only getting more attractive. From 2019 to 2024, the global value of battery recycling increased by nearly 1000% as more EV and HEV batteries come off the road, and it’s anticipated for this growth to remain stable with the increasing popularity of alternative vehicles and the increasing supply crunch for minerals like lithium.
Not only is battery recycling an organic market necessity, but policy is also pushing this trend along in Europe. Just this year, the EU tightened standards on how much battery material needs to be recycled rather than disposed of. Recyclers can optimize material reclamation by triaging batteries rather than simply shredding by default.
There is a rapidly growing global market surrounding the purchase and use of second-life battery modules, which is expected to 6x in size over the next ten years. Your business could become an essential supplier for this growing ecosystem with the EVd-40 Power Tester, which allows you to accurately advertise the quality of your viable modules to these aftermarket businesses and potentially improve your profit margin.
Turnkey Battery Triage
The EVd-40 Power Tester from NuVant offers recyclers the opportunity to test each Ni-MH battery module for potential reuse rather than shredding it, which battery recyclers can then sell as-is to battery remanufacturers elsewhere in the ecosystem for significantly higher ROI. For example, a scrapped Ni-MH battery module can bring in $2 to $4 after processing costs, where a triaged module in good condition can resell for up to $45.
NuVant’s latest innovation, the LVc-40, an all-in-one battery remanufacturing and diagnostic machine, allows recyclers to diagnose lithium-ion modules as well as Ni-MH. Combined with its ability to recondition Ni-MH modules for reuse, the LVc-40 contains everything your recycling business needs to turn battery waste into a new aftermarket business opportunity with a negligible amount of additional effort.
Dominate a Growing Recycling Market
There is a yawning gap in the battery recycling ecosystem that businesses can fill right now, and NuVant’s equipment empowers your recycling business to meet this need with an unprecedented potential profit on aftermarket battery modules. The EVd-40 Power Tester keeps viable battery modules out of the shredder for up to 20x ROI per module, and the LVc-40 is the first of its kind to diagnose Li-ion and Ni-MH as well as recondition Ni-MH modules. With these tools, recyclers are well suited to meet a growing demand that supply just can’t keep up with. Speak with a NuVant representative today and learn how our science-grade equipment can supercharge your recycling efforts.
