

One thing to keep in mind is that the car may outlast the battery, by a fair amount.
If you look at Prius, there’s been a fair amount of battery replacement there. I vaguely recall seeing that first gen Nissan Leaf batteries degraded enough to need replacement fairly quickly. On the flip side, seems the more carefully managed solutions with liquid cooling and maintaining buffers have been more robust than expected.
Still, I ultimately agree with the assessment that the volumes aren’t going to be there for a long time, just that batteries coming out can happen before the car is scrapped. But in terms of volumes, prior to 2019 there just weren’t enough batteries going to be expecting much either way yet.



Yes, I’m just unsure when the volumes hit.
Evidently they do seem to indicate a battery intake rate consistent with about 250,000 EV batteries a year.
Globally about 30 million cars are junked a year, so as EV adoption raises then they could reasonably get 8 fold more batteries even while splitting with other companies.
But they have a chokepoint that means they can only use a fraction of the batteries they get already, so more batteries won’t help them right now.