In 2023, the demand for EV batteries surged to over 750 GWh, reflecting a robust 40% increase compared to 2022.
While the annual growth rate experienced a slight slowdown compared to the impressive figures of 2021-2022, it’s noteworthy that electric cars contributed to an overwhelming 95% of this growth.
Gartner estimates EV (bus, car, van, and heavy trucks) shipments will grow 17% in 2025. By 2030, Gartner predicts that more than 50% of all vehicle models marketed by automakers will be EVs.
This demonstrates that the significant rise in battery demand is closely tied to the increasing sales of electric vehicles worldwide.
To promote safety and sustainability, electric vehicles’ batteries must be recycled or disposed of responsibly when the cars end their driving lives. This proactive approach helps protect the environment and ensures the safe handling of materials.
Recycling EV batteries presents challenges, but many of their components, particularly nickel and cobalt, are valuable enough to make the effort worthwhile and offset the initial investment.

A promising alternative to electric vehicles is fuel cell vehicles. These vehicles offer the advantage of refueling with hydrogen in a time frame similar to traditional petrol or diesel cars.
This innovative approach utilizes a fuel cell system instead of relying solely on a battery, highlighting the potential for cleaner and more efficient transportation options.
Club Car‘s vision
At the beginning of my article, I mentioned the growing popularity of electric utility vehicles.
In 2022, Club Car identified an emerging trend and responded by launching URBAN, a range of innovative road-legal electric utility vehicles.
These vehicles are designed to be versatile and ergonomic, offering enhanced safety features that surpass those of competitors, all backed by rigorous crash testing.

Club Car Vice President EMEA Marco Natale said at the World Economic Forum in Davos:
“There will be significant changes involving shared mobility services, electric vehicles, infrastructures, autonomous driving technologies and specific tasks vehicles.
All of this will reshape entire urban transportation systems.”
Natale was among fellow global automotive leaders invited to participate in the roundtable, titled ‘Reimagining Urban Mobility: trends, innovations, and Opportunities: 2030 and Beyond’, alongside organizations such as BMW, Hyundai, and Volvo.
Club Car was the sole representative from the micro-mobility sector.
Hero Motors Company organized the session in collaboration with the Confederation of Indian Industries to discuss urban mobility trends, innovations, and opportunities in India.