The extensive use of the carbon/glass fibre composites in aerospace sector, wind turbine blades, marine sector has given rise to a challenge of disposing these composites at the end of their life. This challenge also offer an excellent opportunity to extract recycled carbon/glass fibres which can be available at much lower cost than the virgin/original glass/carbon fibres. In many cases the carbon/glass fibres extracted from discarded composites (from wind turbine blade, aircraft frame etc.) at the end of life can still offer significantly good mechanical properties. Such fibres can offer ideal solution for the low cost manufacturing of lightweight components for automobile industry, in particular for the electric cars industry. The electric cars are rapidly gaining popularity in automotive markets in Europe, America and Asia. However they still have relatively low driving range due to the limited battery life. The low cost, lightweight automotive components (such as door frames, bumper, trunk, hood, floor panel, car roof), manufactured from recycled composites can significantly reduce the weight of electric car resulting in longer driving range while keeping low cost for the electric car.