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A new report from IDC Energy Insights explores the EV battery "repurposing" process from beginning to end and details both the advantages and challenges the new market will face, as well as the economics involved.

Despite the challenges, IDC anticipates that "repurposed" batteries will be a multibillion-dollar market by 2020.

Some of the advantages to repurposing include:

·         The repurposing market will provide residual value to EV owners

·         Cheap storage devices will be available for grid operators ($50 to $120 per kilowatt-hour), and there are other markets

·         A thriving repurposing market means manufacturers can sell more EVs

The challenges:

·         Utilities, expected to be the primary future customers, are usually conservative and don't like taking risks

·         The market for repurposed equipment is pretty slim and utilities generally aren't willing to buy used equipment

·         New batteries are getting cheaper all the time

While the obstacles to a successful repurposing market seem daunting, IDC's report makes a number of observations and recommendations for all stakeholders in the industry, including utilities, vehicle manufacturers and others. Also, the key points noted above are simple summaries which receive much more detailed explanation in the report.

Click the link below for more on the report and to order.