North America EV Battery Reuse Market Size,Strategies and Segment Forecast to 2034
North America EV Battery Reuse Market Size- Application, By Source - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE2591 | Pages: 1 - 255 | Formats*: |
| Category : Power & Energy | |||
North America EV Battery Reuse Market Introduction and Overview
According to SPER Market Research, the North America EV Battery Reuse Market is estimated to reach USD 3669.63 million by 2034 with a CAGR of 53.55%.
The report includes an in-depth analysis of the North America EV Battery Reuse Market, including market size and trends, product mix, Applications, and supplier analysis. The North America EV Battery Reuse market was valued at USD 50.36 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 53.55% between 2025 and 2034. The growing adoption of electric vehicles is leading to a surge in retired EV batteries, driving substantial growth in North America's battery reuse industry. Emphasis on sustainability and circular economy principles supports this trend. Advances in battery management systems and energy storage technologies enable the effective repurposing of used batteries for applications like grid storage and backup power. Furthermore, government incentives for recycling and reuse are boosting investment and innovation, making battery repurposing increasingly viable and attractive across various sectors.
By Application:
Repurposed EV batteries in North America are increasingly used in applications such as energy storage, EV charging, base stations, and low-speed vehicles. The energy storage segment is witnessing strong growth due to rising demand for sustainable power solutions. These batteries offer cost-effective, eco-friendly alternatives for grid storage and backup power. Technological advancements in battery management systems and supportive government policies promoting renewable energy integration are key drivers, encouraging wider adoption and highlighting the value of reusing EV batteries in energy applications.
By Source:
The North America EV battery reuse market is segmented by source into HEV & PHEV and BEV. As HEV and PHEV vehicles reach the end of their lifecycle, their batteries are increasingly being repurposed for applications like energy storage and grid stabilization. This shift is driven by technological advancements and a growing focus on sustainability, promoting a circular economy approach and supporting the continued expansion of the battery reuse market in the region.
Regional Insights
The U.S. EV battery reuse market is experiencing strong growth, driven by the rising adoption of electric vehicles and the resulting increase in retired batteries available for repurposing. Technological advancements in battery management systems are improving the feasibility of reuse, while government incentives and sustainability-focused regulations further support market expansion. The U.S. Department of Energy has developed manuals like the Battery Technology Life Verification Test Manual, helping users understand battery life cycles, promoting proper recycling or repurposing, and minimizing environmental harm from improper disposal.
Market Competitive Landscape
The North America EV Battery Reuse Market is moderately consolidated. Some of the market key players are Ascend Elements, Inc., B2U Storage, Cirba Solutions, Moment Energy, Nissan Motor Co., Ltd., Renault Group, RePurpose Energy Inc., RWE + Audi, Spiers New Technologies Inc., Stena Metall, Tesla. Tesla is a leading force in North America's EV battery reuse industry, leveraging its innovation and expertise in electric vehicles. Its advanced technology and experience drive the repurposing of EV batteries, significantly boosting market growth.
Recent Developments:
In September 2021, Cox Automotive, a provider of automotive solutions, announced the acquisition of Spiers New Technologies Inc. (SNT). This acquisition enables Cox Automotive to enhance its end-of-life EV battery solutions for automakers, while also helping SNT expand its market presence by leveraging Cox Automotive's broader network and outreach.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | Application, By Source |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | Ascend Elements, Inc., B2U Storage, Cirba Solutions, Moment Energy, Nissan Motor Co., Ltd., Renault Group, RePurpose Energy Inc., RWE + Audi, Spiers New Technologies Inc., Stena Metall, Tesla. |
Key Topics Covered in the Report
- North America EV Battery Reuse Market Size (FY’2021-FY’2034)
- Overview of North America EV Battery Reuse Market
- Segmentation of North America EV Battery Reuse Market By Application (Energy storage, Ev charging, Base stations, Low speed vehicles)
- Segmentation of North America EV Battery Reuse Market By Source (BEV, HEV & PHEV)
- Statistical Snap of North America EV Battery Reuse Market
- Expansion Analysis of North America EV Battery Reuse Market
- Problems and Obstacles in North America EV Battery Reuse Market
- Competitive Landscape in the North America EV Battery Reuse Market
- Details on Current Investment in North America EV Battery Reuse Market
- Competitive Analysis of North America EV Battery Reuse Market
- Prominent Players in the North America EV Battery Reuse Market
- SWOT Analysis of North America EV Battery Reuse Market
- North America EV Battery Reuse Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.North America EV Battery Reuse Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America EV Battery Reuse Market
7.North America EV Battery Reuse Market, By Application (USD Million) 2021-2034
7.1.Energy storage7.2.Ev charging7.3.Base stations7.4.Low speed vehicles
8.North America EV Battery Reuse Market, By Source (USD Million) 2021-2034
8.1.BEV8.2.HEV & PHEV
9.North America EV Battery Reuse Market, (USD Million) 2021-2034
9.1.North America EV Battery Reuse Market Size and Market Share
10.North America EV Battery Reuse Market, By Region, (USD Million) 2021-2034
10.1.Canada10.2.Mexico10.3.United States
11.Company Profile
11.1.Ascend Elements, Inc.11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments11.2.B2U Storage11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments11.3.Cirba Solutions11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments11.4.Moment Energy11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments11.5.Nissan Motor Co., Ltd.11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments11.6.Renault Group11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments11.7.RePurpose Energy Inc.11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments11.8.RWE + Audi11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments11.9.Spiers New Technologies Inc.11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments11.10.Spiers New Technologies Inc.11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.Recent developments11.11.Stena Metall11.11.1.Company details11.11.2.Financial outlook11.11.3.Product summary11.11.4.Recent developments11.12.Tesla11.12.1.Company details11.12.2.Financial outlook11.12.3.Product summary11.12.4.Recent developments11.13.Others
12.Conclusion
13.List of Abbreviations
14.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America EV Battery Reuse Marketis projected to reach USD 3669.63 by 2034, growing at a CAGR of 53.55 % during the forecast period.
North America EV Battery Reuse Marketsize from 2025. The Market is expected to reach USD 3669.63 by 2034, at a CAGR of53.55% during the forecast period.
North America EV Battery Reuse MarketCAGR of 53.55% during the forecast period.
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North America EV Battery Reuse Market size is USD 3669.63 from 2025 to 2034.
North America EV Battery Reuse Market covered Product,Application, By Source
The North America is anticipated to have the highest Market share in the North America EV Battery Reuse Market .
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Ascend Elements, Inc., B2U Storage, Cirba Solutions, Moment Energy, Nissan Motor Co., Ltd., Renault Group, RePurpose Energy Inc., RWE + Audi, Spiers New Technologies Inc., Stena Metall, Tesla.
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The report includes an in-depth analysis of the North America EV Battery Reuse Market, including market size and trends, product mix, Applications, and supplier analysis
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