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Global EV group sets standards for pricing used batteries

Initiative aims to develop market for costly component in pre-owned electrics

Batteries for electric vehicles being manufactured in China in 2017.   © Reuters

TOKYO -- Over 100 companies and business groups, including Ford Motor, BMW and Japanese parts maker Denso, have agreed on common standards for evaluating and pricing used electric vehicle batteries.

The move may be a milestone in the drive to create a vibrant secondhand market for EV batteries and, by extension, used electric vehicles. This in turn could encourage the take-up of electric vehicles more generally.

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