With global EV sales exceeding 10 million units in 2023, a critical question emerges: What becomes of lithium-ion batteries when they drop below 70% capacity? BloombergNEF's latest analysis reveals second-life EV battery farms now achieve storage costs as low as $60/kWh - 40% cheaper than new grid-scale lithium systems. But can this solution truly scale to handle the 1.2 million metric tons of retired batteries expected by 2030?
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