Falling Li-ion battery prices mirror solar photovoltaics trends: Is there a role for second-life batteries before recycling?
The large majority of lithium-ion (Li-ion) battery production is dedicated to powering electric vehicles, and these batteries will become available for stationary applications typically 5-8 years later. In 2023, electric vehicles accounted for 80% of Li-ion battery demand. Lithium-ion battery costs and prices have been declining rapidly, mirroring the price reductions seen in solar photovoltaics. Li-ion batteries
