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Car trash to cash: U.S. firm aims to power European stadiums with old car batteries

June 24, 2019

Via: Reuters

Eaton, a New York-listed firm that makes hydraulics, truck transmissions and other industrial products, says the market is niche but expects it to grow up to 20 times between now and 2022.

In Europe, Middle East, and Africa, Eaton estimates the potential market value to be $2.3 billion by 2025.

What to do with the used batteries of electric vehicles is becoming a growing concern as their use expands with that of electric cars, which accounted for 1.5% of the 86 million cars sold globally last year, according to researchers JATO Dynamics.

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