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The Future of EV Batteries

Summary

The next wave is batteries   |    Start selling now   |   App on its way

The catalytic converter marketplace is expected to grow at an annual rate of 8%, making it a 73 billion dollar market by 2025. This is fueled by a growing global need for passenger vehicles and emission regulations that seem to change by the day.

However, it’s not just the catalytic converter industry that is rapidly growing, the global electric vehicle battery marketplace has experienced its own boom, which can be attributed to public opinion regarding climate change and government support to reduce air pollution by expanding the EV industry. As these two markets shift and grow, it’s our responsibility to help make sense of it.

Much like catalytic converters, the business of recycling and scrapping EV batteries poses many challenges. Safety corners, fluctuations in the market, and constant advancements in technology make dealing with lithium batteries difficult. As the industry shifts, changes are slowly being made to streamline this process. 

It’s likely that manufacturers will soon begin designing batteries with recycling in mind. This is a welcome change that will make storing, repairing, and breaking down the batteries a much easier affair. 

As the recycling industry shifts, you can trust the Cat DB app to stay ahead of these trends and provide the tech tools you need. Lithium batteries are not going away any time soon, and we plan on adding new functions to our revolutionary technology that will track the value and vehicle match of EV batteries with the same accuracy and efficiency that we do with catalytic converters.

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The only converter pricing tool you'll ever need

The only converter pricing tool you'll ever need.

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