Study on the Utilization Mode of Retired Batteries in New Energy Vehicles

Abstract

With the increasing sales of new energy vehicles in China, the increasing number of new energy vehicles is driving the rapid growth of power battery installations in the context of "carbon peaking and carbon neutrality". When the battery life of new energy vehicles reaches retirement limit, it is necessary to study how to deal with the retired batteries of new energy vehicles. Based on the cascade utilization function of retired batteries of new energy vehicles, the paper studies how to reuse retired batteries of new energy vehicles, and with reference to data from Hainan Province, China, the paper studies how the recycling and utilization of power batteries can bring huge economic value. Finally, the key implementation path for the recycling and utilization of retired power batteries is provided. It aims to help all regions to complete the major strategic goals for achieving the carbon peaking and carbon neutrality task.