I suspect he is wrong - the average car is 12 year old, which means there are a lot of cars older than 24 years old still on the road. Of course cars do wear out and get scrapped, but just looking at broad statistics we should expect most EVs made since 2002 (after the EV1) are still on the road (this is broad statistics which doesn't consider fuel source at all - even though it is an important consideration I don't have data!) Which is to say there is no reason to think there are large numbers of batteries ready to be recycled. The first EVs are only now entering the phase where they are going to start getting scrapped - and there were not a lot of any of them made. There likely is a good business to be made recycling used car batteries. However if you want to get into it now is not the time to expand/scale , now is still time to be designing and testing the machines and processes you will be using when you scale. Anyone in this business should expect to still be losing many - your business plan should have real data showing real data of when you expect cars to be scrapped in numbers large enough to be wroth scaling.