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EV Battery Recycling Market to Reach USD 19.0 Billion by 2033, CAGR 45.0%, Creating Multi-Billion-Dollar Opportunity for Battery Recycling Companies

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Growing Demand for Sustainable Battery Management, Critical Mineral Recovery, and Circular Economy Initiatives Continues to Drive Industry Expansion

SAN FRANCISCO, June 21, 2026 /PRNewswire/ — The global electric vehicle (EV) battery recycling market is witnessing unprecedented momentum as governments, automakers, battery manufacturers, and sustainability stakeholders intensify efforts to establish circular supply chains for critical battery materials. According to the latest industry analysis by Grand View Research, the global EV battery recycling market was valued at USD 1.0 billion in 2025 and reached USD 1.4 billion in 2026. The market is projected to expand to USD 19.0 billion by 2033, registering a robust compound annual growth rate (CAGR) of 45.0% from 2026 to 2033.

The rapid expansion of electric mobility worldwide, combined with increasing concerns over critical mineral availability, battery waste management, and environmental sustainability, is transforming EV battery recycling from a supporting industry into a strategic pillar of the global energy transition.

Battery Recycling Emerges as a Critical Component of the EV Value Chain

As electric vehicles continue gaining market share across major economies, the volume of batteries approaching end-of-life is expected to increase significantly over the coming years. This growing battery inventory is creating substantial opportunities for recyclers, material recovery companies, and technology providers.

Battery recycling enables the recovery of valuable materials including lithium, cobalt, nickel, copper, and other strategic metals that can be reintroduced into battery manufacturing processes. This closed-loop approach not only reduces dependence on virgin raw materials but also supports sustainability goals established by governments and corporations worldwide.

Industry participants are increasingly investing in advanced recycling technologies capable of maximizing recovery rates while reducing environmental impact. These developments are expected to improve the economic viability of recycling operations and strengthen supply chain resilience across the battery ecosystem.

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Increasing Regulatory Support Drives Industry Expansion

Government regulations and sustainability mandates are becoming major growth catalysts for the EV battery recycling industry. Policymakers across North America, Europe, and Asia Pacific are implementing frameworks designed to improve battery collection, material recovery, and waste management practices.

These initiatives aim to reduce landfill waste, minimize environmental risks associated with battery disposal, and ensure responsible management of critical resources required for future electrification efforts.

As environmental regulations continue to evolve, manufacturers are increasingly integrating recycling partnerships into their long-term supply chain strategies. This trend is expected to create significant opportunities for battery recyclers and technology developers over the forecast period.

Asia Pacific Leads Global Market Growth

Asia Pacific emerged as the largest regional market, accounting for 43% of global revenue in 2025. The region’s leadership position is supported by extensive EV manufacturing activity, large-scale battery production facilities, and strong government support for electrification initiatives.

Countries such as China, India, Japan, and South Korea continue to invest heavily in battery manufacturing and recycling infrastructure, creating a favorable environment for long-term market growth.

The region’s dominance is further strengthened by the presence of major battery producers and automotive manufacturers seeking sustainable solutions for battery lifecycle management.

Lithium-Ion Batteries Dominate Recycling Demand

By battery type, lithium-ion batteries accounted for the largest revenue share of 60%% in 2025. The segment’s dominance reflects the widespread use of lithium-ion technology across passenger electric vehicles, commercial EVs, and energy storage applications.

Lithium-ion batteries are increasingly preferred due to their high energy density, chemical stability, and performance characteristics. As global EV adoption accelerates, the volume of lithium-ion batteries entering the recycling stream is expected to rise substantially.

This trend is encouraging recycling companies to invest in specialized technologies designed to efficiently recover high-value materials from lithium-ion battery systems.

Production Scrap Represents the Largest Source Segment

The production scrap segment accounted for 73% of total market revenue in 2025, making it the leading source category within the EV battery recycling market.

Growing battery manufacturing activity across major economies has resulted in increased volumes of production scrap generated during cell and battery pack manufacturing processes. These materials provide recyclers with an immediate and reliable feedstock source while supporting circular manufacturing objectives.

As battery gigafactory investments continue expanding worldwide, production scrap is expected to remain a significant contributor to recycling volumes throughout the forecast period.

Passenger Cars Account for the Largest Market Share

Passenger cars represented the dominant vehicle segment, accounting for 80% of market revenue in 2025. The segment’s leadership is directly linked to rising consumer adoption of electric passenger vehicles and increasing investments by automotive manufacturers in EV production.

Government incentives, emissions reduction targets, and advancements in battery technology continue to drive demand for electric passenger cars globally. As these vehicles reach the end of their battery lifecycle, recycling demand is expected to increase substantially.

The growing passenger EV fleet is anticipated to remain one of the most influential factors shaping future market expansion.

Browse more EV Industry Research Reports by Grand View Research

Industry Participants Focus on Innovation and Capacity Expansion

The competitive landscape is evolving rapidly as recycling companies, battery manufacturers, and technology providers pursue expansion opportunities across the value chain.

Key market participants are focusing on:

Advanced material recovery technologiesExpansion of recycling capacityStrategic partnerships with OEMs and battery producersDevelopment of closed-loop recycling systemsGeographic expansion into emerging EV markets

These initiatives are expected to strengthen supply chain efficiency while supporting the industry’s long-term sustainability objectives.

Outlook: Circular Battery Economy Becomes a Strategic Priority

The future of the EV battery recycling market will be shaped by continued growth in electric vehicle adoption, increasing demand for critical minerals, and expanding regulatory support for circular economy initiatives.

As the global transportation sector continues its transition toward electrification, battery recycling is expected to play an increasingly important role in securing raw material supplies, reducing environmental impact, and improving resource efficiency.

With market revenue forecast to reach USD 19.0 billion by 2033 and a projected CAGR of 45.0%, EV battery recycling is positioned to become one of the fastest-growing segments within the broader clean energy and sustainable mobility ecosystem.

To learn more about growth opportunities in the Electric Vehicle Battery Recycling Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore NeoImpact – Sustainability Intelligence Solution for Private Markets – Automating sustainability data, reporting, and risk intelligence across portfolios and enterprises.

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Grand View Research, Inc.
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SOURCE Grand View Research, Inc

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Envision Energy Expands African Presence with Inauguration of South Africa Office

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CAPE TOWN, South Africa, June 22, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, officially inaugurated its South Africa office in Cape Town, marking a significant milestone in the company’s long-term commitment to supporting South Africa’s energy transition ambitions and accelerating the deployment of renewable energy solutions across the African continent.

The opening ceremony brought together government representatives, industry leaders, customers, partners, and stakeholders from across the energy sector. The event featured remarks from Kane Xu, Senior Vice President of Envision Energy, and an official ribbon-cutting ceremony led by Dr. Kgosientsho Ramokgopa, the Minister of Electricity and Energy of South Africa.

The Cape Town office will serve as Envision Energy’s regional hub for Southern Africa, supporting the company’s growing activities in wind power, battery energy storage systems (BESS), and integrated renewable energy solutions.

“The opening of our South Africa office represents an important milestone in Envision Energy’s journey across Africa,” said Kane Xu, Senior Vice President of Envision Energy. “South Africa is a key market in the global energy transition, and we are committed to being a long-term partner in supporting the country’s renewable energy and energy storage ambitions. Through local presence, local partnerships, and world-class technology, we look forward to contributing to a more resilient, sustainable, and affordable energy future.”

The Minister welcomed Envision Energy’s growing presence in South Africa and highlighted the importance of collaboration in advancing the country’s energy goals.

“The establishment of Envision Energy’s Cape Town office demonstrates confidence in South Africa’s energy future. We look forward to continued collaboration in strengthening energy security and creating long-term opportunities for sustainable growth,” said Dr. Kgosientsho Ramokgopa, the Minister of Electricity and Energy.

The opening comes as Envision Energy continues to expand its footprint across Africa, supporting utility-scale renewable energy and energy storage projects that contribute to grid stability, energy access, and decarbonization goals. The new Cape Town office further strengthens Envision Energy’s ability to serve customers and partners across South Africa and the wider African continent, while contributing to local talent development, knowledge sharing, and long-term industry growth.

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SOURCE Envision Energy

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Wego Partners with Saudi Ministry of Hajj and Umrah to Transform the Digital Umrah Experience

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Wego continues to advance digital innovation in Umrah services and is among the first platforms to enable electronic Umrah visa issuance, helping simplify the pilgrimage journey for travelers worldwide

RIYADH, Saudi Arabia, June 22, 2026 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has announced a strategic partnership with the Saudi Ministry of Hajj and Umrah to introduce a fully integrated digital platform designed to enhance and simplify the Umrah journey for pilgrims worldwide.

This collaboration marks a significant step in advancing Saudi Arabia’s vision of delivering a seamless, digitally enabled pilgrimage experience. By bringing together Wego’s leading travel technology and extensive regional reach with the Kingdom’s trusted network of licensed Umrah service providers, the platform offers pilgrims a streamlined, end-to-end booking experience.

Wego continues to play a leading role in digital innovation within pilgrimage services, as among the platforms enabled to facilitate Umrah visa requests digitally, reinforcing its commitment to simplifying the travel experience for pilgrims worldwide.

Through a single, intuitive flow, travelers can access flight bookings, verified hotel bookings, licensed ground services, and facilitated Umrah visa request submissions, ensuring a more transparent, efficient, and reliable journey from planning to arrival. All visa issuance is conducted by the relevant authorities in the Kingdom of Saudi Arabia.

A Seamless, End-to-End Pilgrim Journey

The new platform is designed to redefine how Umrah services are accessed and delivered. Wego will leverage its expertise in travel search, payments, and digital distribution to manage marketing, sales, and customer transactions, while trusted, licensed Umrah service providers focus on delivering high-quality, on-ground services.

The Saudi Ministry of Hajj and Umrah plays a key regulatory and supervisory role in overseeing the Umrah ecosystem, ensuring compliance, quality standards, and a consistent experience for pilgrims, while licensed operators are responsible for service delivery and operational execution.

This model enhances operational efficiency while ensuring consistency and accountability across the entire pilgrim experience. All transactions are securely processed in Saudi Riyals at the time of booking, reinforcing transparency and eliminating unexpected on-ground costs.

Commenting on the partnership, Mamoun Hmidan, Chief Business Officer at Wego, said: “Through our collaboration with the Saudi Ministry of Hajj and Umrah, we are enabling a more seamless and transparent Umrah journey powered by technology. By integrating flights, facilitated visa request processes, verified accommodations, and licensed ground services into one unified platform, we are enhancing the overall pilgrim experience while creating new growth opportunities for Umrah service providers across Saudi Arabia.”

Tailored Experiences for Every Pilgrim

The platform introduces three thoughtfully designed service tiers, allowing pilgrims to choose experiences that best match their needs and preferences.

Essential: Core services including airport reception and dedicated on-ground support.Standard: Enhanced convenience with intercity transportation between key locations such as Makkah and Madinah.Premium: A more personalized journey featuring private transfers, curated sightseeing experiences, and round-the-clock support.

Each service tier is carefully curated to meet Wego’s quality benchmarks, ensuring pilgrims receive reliable, high-value options at every step of their journey.

Enhanced Transparency and Traveler Protection

To further strengthen trust and reliability, the platform incorporates clear consumer protection policies, including flexible booking modifications and refund eligibility under defined conditions. These measures are designed to provide peace of mind while maintaining operational efficiency for service providers.

Additionally, multilingual support capabilities and dedicated customer service channels ensure accessibility for pilgrims from diverse global markets, reinforcing Wego’s commitment to inclusivity and service excellence.

Empowering the Umrah Ecosystem

As part of this initiative, Wego is inviting qualified Umrah service providers to participate in the platform, creating a scalable and competitive marketplace that supports the growth of Saudi Arabia’s pilgrimage sector.

The platform www.wego.com/umrah will be ready for launch in June 2026, aligning with the beginning of the Umrah season and enabling pilgrims to plan and book their journeys with greater ease and confidence.

About Wego

Wego is the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA). Combining a dynamic travel marketplace with on-platform bookings, Wego enables travelers to easily search, compare, and book flights and hotels across hundreds of airlines, hotels, and online travel agencies. Beyond its B2C marketplace, Wego also operates WegoPro, a next-generation business travel platform, and WegoBeds, a MENA-focused bedbank. The company is backed by Tiger Global, Ares Management, Square Peg Capital, MBC Group, and Arqaam Capital, and is dual-headquartered in Singapore and Dubai with offices in Bangalore and Mumbai.

For more information, visit www.wego.com

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Neko Health Announces Advancements to its Health Scan Experience, Fueling the Future of Proactive Healthcare

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New body composition and wearables integration deepen the Neko Health Scan – the latest step in a program of continuous innovation and global expansion. 

LONDON and STOCKHOLM, June 22, 2026 /PRNewswire/ — Neko Health, the health technology company redefining how people understand and act on their health, today announced its most significant advancements so far to the Neko Health Scan: body composition and wearables integration. In a single hour, members now see what’s happening beneath the surface – and between visits, a fuller picture of how they’ve actually been living day-to-day. Neko`s proprietary technology, clinical expertise and real health data come together to give members a complete picture of  where they stand, and what to do about it.

“Our latest advancements are more than new features – they’re a clear signal of what’s next for Neko Health,” said Neko Health Founder and CEO Hjalmar Nilsonne. “These features reflect something fundamental about how we operate: we are never finished. Every scan should be  more valuable than the last; every visit should tell members something they couldn’t have known otherwise, and every year should bring capabilities that weren’t possible the year before. We are redesigning the system from the ground up.”

Starting to roll out today, every Neko Health Scan will include body composition. Data captured  by Neko’s proprietary imaging device is now used to provide measures of visceral fat and body  fat percentage. Visceral fat, the fat stored around the organs that drives metabolic disease, insulin resistance, and fatty liver disease – is invisible to BMI and missed entirely by standard health checks. Neko Health now provides a measure of them without X-ray radiation to inform a conversation with a Neko clinician about each members’ metabolic health. Members with upcoming scan bookings can now also download the Neko Health App on iOS and connect to Apple Health to bring wearables data – steps, sleep, heart rate variability and more – directly  into their scan experience. This gives Neko Health clinicians the context to offer more targeted, personalized guidance. On repeat visits, wearables data helps explain year-on-year changes, so clinicians can act on the cause, not just the metric. 

“Body composition is one of the most impactful additions we could make to the Neko Health Scan, giving our clinicians access to metabolic data that will help provide insight into a health metric that most people haven’t had access to and has long been invisible to standard checks,”  said Neko Health Chief Medical Officer Dr. Sunita Mishra. “Visceral fat in particular is a strong predictor of metabolic disease, cardiovascular risk, and type 2 diabetes – yet most people have no idea what their levels are. Pair that with a year of wearables data showing how someone has actually been living, and you move from data points to a genuine story. That is where the real opportunity for early intervention lies.”

Neko Health builds technology in-house, including hardware, software, and consumer  experience. This vertical integration is not incidental; it is the foundation that allows Neko Health to control the experience from start to finish, to move faster and to improve continuously. 

In Stockholm, Neko Health is rolling out the next generation of scan technology – capturing  greater volume and higher fidelity of health data across skin, heart, and circulation – alongside  design evolutions to the scan room that will guide members through their visit with greater clarity and personalization. Body composition, wearables integration, and next-generation technology are the first steps toward something bigger. 

The Neko Health App is available today by searching “Neko Health” in the App store. To learn  more, visit NekoHealth.com.   

Supporting imagery can be accessed here.

About Neko Health

Neko Health is a health technology company that opened its first clinic in Stockholm in 2023, founded by Daniel Ek and Hjalmar Nilsonne. Neko Health designs and engineers its own hardware, software, and clinical protocols in-house, powering a one-hour full-body Neko Health Scan delivered across clinics in Stockholm, London, Manchester and Birmingham. Neko Health is expanding to the United States in 2026.  

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SOURCE Neko Health

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