Reuse of Electric Vehicle Batteries in ASEAN
Date:
28 March 2024Category:
Energy, Innovation and TechnologyType:
Research Project ReportsTags:
Energy, EV, Electric Vehicle, EV battery, ASEANPrint Article:
In East Asia Summit (EAS) countries, recent progress in electrifying the transport sector focuses on electric vehicles (EVs) as crucial for improving urban air quality, enhancing energy security by reducing oil dependence, and mitigating climate change through coupling with low-carbon power sources.
As EV adoption grows, EAS policymakers must anticipate and establish systems for recycling waste EV batteries. While the current market lacks sufficient waste EV batteries, private companies, especially vehicle manufacturers, are initiating projects. Policymakers should formulate supportive policies balancing cost reduction and safety in reused EV battery applications.
This report outlines future projections of available used EV batteries in ASEAN, compares them with estimated stationary use needs for variable renewable energy sources, and provides policy implications for facilitating battery reuse.
