Abstract:
The feasibility of reusing electric vehicle (EV) batteries from a circular economy (CE)
perspective is examined in this research study. As the adoption of EVs continues to grow, the
question of what happens to their batteries once they reach the end of their useful life becomes
increasingly important. This study explores the potential for reusing EV batteries, considering
economic, environmental, and social factors. The research investigates the economic viability
of reusing EV batteries by analyzing the costs and benefits associated with the reuse process. It
considers factors such as the initial investment required for refurbishment, the market demand
for used batteries, and the potential revenue streams from their reuse in various applications.
Additionally, a sensitivity analysis is performed to identify critical variables that can affect the
economic feasibility of battery reuse. From an environmental perspective, the study examines
the impact of reusing EV batteries on resource conservation, energy consumption, and carbon
emissions. It evaluates the potential reduction in greenhouse gas emissions and the conservation
of valuable materials that can be achieved through battery reuse. The study also addresses the
challenges and opportunities of managing end-of-life (EOL) batteries within a CE framework.
Furthermore, the social implications of reusing EV batteries are analyzed, considering factors
such as job creation, community engagement, and public perception. The study investigates the
social acceptance of reused batteries and potential concerns related to safety and reliability. It
explores the role of policymakers in facilitating the transition to a CE for EV batteries and
identifies strategies to address societal barriers. This research provides insights into the
feasibility of reusing EV batteries from a CE perspective. It highlights the potential economic,
environmental, and social benefits of battery reuse and identifies key challenges that need to be
addressed. The findings of this study can inform decision-makers, industry stakeholders, and
policymakers in developing strategies to maximize the value and sustainability of EV batteries
throughout their lifecycle.
