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Visit McKinsey & Company to read the article.
“The shift of electric vehicles into mainstream use has already disrupted the automotive value chain in significant ways and is now on the verge of disrupting the energy-storage value chain as well. The need to dispose of millions of EV batteries in the future has already led to the emergence of new recycling and reuse industries, creating new value pools with new potential to harness and integrate renewable power into our grids. While these industries face the stark challenge of being on the cutting edge of market creation, corporations and their regulatory bodies have the power to take action to position themselves to capture the value that second-life batteries promise. They just need to look ahead.”