As the first generation of electric vehicles and stationary storage begins to phase out next decade, millions of lithium-ion battery packs will go out of service. BloombergNEF estimates the total will reach 1 million metric tons in 2027 and keep growing, creating challenges and opportunities for regulators, manufacturers and recyclers. Large-format batteries like those in EVs and home systems are expected to account for 90 percent of the market by 2030.
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