Commercialization of used vehicle batteries - Battery 2nd life business opportunities for the heavy duty vehicle sector
(2016) In IIIEE Masters Thesis IMEN41 20162The International Institute for Industrial Environmental Economics
- Abstract
- The purpose of this thesis was to determine how a heavy duty vehicle manufacturer can create an economical viable business model for used batteries from electric buses and trucks. Heavy duty vehicles are responsible for 30% of on-road CO2 emissions in the European Union, but could be decreased if this sector would be electrified. One major barrier for this transition is the large cost for the batteries used in this type of vehicles, which deters customer from purchasing them. At the same time, the battery still has a lot of capacity left at its end-of-life. If the electric vehicle manufacturer were to take back these batteries and repurpose them to become suitable in other less demanding applications, new revenue streams could be created.... (More)
- The purpose of this thesis was to determine how a heavy duty vehicle manufacturer can create an economical viable business model for used batteries from electric buses and trucks. Heavy duty vehicles are responsible for 30% of on-road CO2 emissions in the European Union, but could be decreased if this sector would be electrified. One major barrier for this transition is the large cost for the batteries used in this type of vehicles, which deters customer from purchasing them. At the same time, the battery still has a lot of capacity left at its end-of-life. If the electric vehicle manufacturer were to take back these batteries and repurpose them to become suitable in other less demanding applications, new revenue streams could be created. This additional value could be used to lower the cost for electric vehicles. The needed steps and activities, as well as associated costs and potential partners in the supply chain was investigated by studying academic literature and company reports, and by interviewing industry experts. The main findings were that used batteries could be repurposed by an electric heavy duty vehicle manufacturer to a cost in general lower than the potential monetary benefit. This indicate the potential to create an economical viable business model. This could be realized by setting up a small repurposing facility, combined with a scheme for collection and transportation. Initially business model would focus on selling repurposed battery packs directly to partners in the supply chain for small scale applications at the residential level. Interesting applications for further research would be mobile fast chargers for electric vehicles and energy storage for retrofitted electric ferries. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8893798
- author
- Jonsson Larsson, Fredrik LU
- supervisor
- organization
- alternative title
- How the un-dead batteries will power the earth
- course
- IMEN41 20162
- year
- 2016
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Electric buses and trucks, 2nd life batteries, battery second use, repurposing costs, energy storage
- publication/series
- IIIEE Masters Thesis
- report number
- 2016:29
- ISSN
- 1401-9191
- language
- English
- id
- 8893798
- date added to LUP
- 2016-10-24 09:13:59
- date last changed
- 2016-11-29 12:58:27
@misc{8893798,
abstract = {{The purpose of this thesis was to determine how a heavy duty vehicle manufacturer can create an economical viable business model for used batteries from electric buses and trucks. Heavy duty vehicles are responsible for 30% of on-road CO2 emissions in the European Union, but could be decreased if this sector would be electrified. One major barrier for this transition is the large cost for the batteries used in this type of vehicles, which deters customer from purchasing them. At the same time, the battery still has a lot of capacity left at its end-of-life. If the electric vehicle manufacturer were to take back these batteries and repurpose them to become suitable in other less demanding applications, new revenue streams could be created. This additional value could be used to lower the cost for electric vehicles. The needed steps and activities, as well as associated costs and potential partners in the supply chain was investigated by studying academic literature and company reports, and by interviewing industry experts. The main findings were that used batteries could be repurposed by an electric heavy duty vehicle manufacturer to a cost in general lower than the potential monetary benefit. This indicate the potential to create an economical viable business model. This could be realized by setting up a small repurposing facility, combined with a scheme for collection and transportation. Initially business model would focus on selling repurposed battery packs directly to partners in the supply chain for small scale applications at the residential level. Interesting applications for further research would be mobile fast chargers for electric vehicles and energy storage for retrofitted electric ferries.}},
author = {{Jonsson Larsson, Fredrik}},
issn = {{1401-9191}},
language = {{eng}},
note = {{Student Paper}},
series = {{IIIEE Masters Thesis}},
title = {{Commercialization of used vehicle batteries - Battery 2nd life business opportunities for the heavy duty vehicle sector}},
year = {{2016}},
}