EV Battery Recycling Market Report 2026

The ev battery recycling market size has grown exponentially in recent years. It will grow from $3.82 billion in 2025 to $4.88 billion in 2026 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to ev adoption growth, lithium-ion battery commercialization, raw material scarcity, early recycling regulations, battery waste generation.

The ev battery recycling market size is expected to see exponential growth in the next few years. It will grow to $12.77 billion in 2030 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to stricter recycling mandates, supply security for critical minerals, growth in end-of-life ev batteries, investment in recycling infrastructure, circular economy targets. Major trends in the forecast period include expansion of lithium-ion battery recycling capacity, adoption of hydrometallurgical processes, rising focus on critical mineral recovery, integration of automation in recycling plants, growth of closed-loop battery supply chains.

An increase in electric vehicle (EV) sales is expected to drive the growth of the EV battery recycling market in the coming years. EVs are vehicles that are partially or fully powered by electricity and rely on batteries to operate electric motors. EV batteries contain critical minerals that can be recovered through the recycling of end-of-life batteries and reused in the production of new batteries for electric vehicles. For example, according to the Global Electric Vehicle Outlook 2023 published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the global EV fleet is projected to grow from around 30 million vehicles in 2022 to approximately 240 million by 2030, representing an average annual growth rate of about 30%. EV sales are expected to exceed 20 million units in 2025 and more than 40 million units by 2030, accounting for over 20% and 30% of total vehicle sales, respectively. Therefore, rising EV sales are driving demand for growth in the EV battery recycling market.

Major companies operating in the EV battery recycling market are focusing on strategic collaborations to deliver reliable services to customers. Strategic collaboration involves mutually beneficial partnerships between independent organizations working together to achieve shared objectives aligned with their strategic goals. For instance, in July 2023, Li-Cycle Private Limited, a Canada-based global lithium-ion battery resource recovery company, and EVE Energy Co., Ltd., a China-based primary lithium battery manufacturer, entered into a memorandum of understanding to explore lithium-ion battery recycling solutions. This collaboration includes recycling battery manufacturing scrap from EVE’s upcoming facilities in Malaysia and Hungary, supporting EVE’s environmental objectives while aligning with Li-Cycle’s focus on efficient, low-emission battery recycling solutions.

In August 2025, Glencore plc, a Switzerland-based commodities trading and mining company, acquired Li-Cycle Holdings Corp. for approximately $40 million. Through this acquisition, Glencore aims to strengthen its position across the lithium-ion battery supply chain by integrating Li-Cycle’s recycling assets and utilizing its established spoke facilities to improve recovery of critical battery materials. Li-Cycle Holdings Corp. is a Canada-based lithium-ion battery recycling company operating facilities across the United States, Canada, and Germany, specializing in the recovery of battery-grade materials such as lithium, nickel, and cobalt from end-of-life batteries and manufacturing scrap.

Major companies operating in the ev battery recycling market report include Glencore plc, Umicore NV/SA, Li‑Cycle Corp., Redwood Materials Inc., ACCUREC‑Recycling GmbH, American Manganese Inc., Cirba Solutions, Fortum Oyj, Ecobat Solutions, Neometals Ltd., Recyclico Battery Materials Inc., Ascend Elements, TES‑Amm, Attero Recycling, LOHUM Cleantech, BatX Energies, LICO Materials, G & P Batteries Limited, NavPrakriti.

Asia-Pacific was the largest region in the EV battery recycling market in 2025. The regions covered in the ev battery recycling market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ev battery recycling market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The EV battery recycling market includes revenues earned by entities by nickel-metal hydride batteries and ultracapacitors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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