Evolution in EV Battery Technology and Policies Is Driving Domestic Manufacturing and Recycling

Evolution in EV Battery Technology and Policies Is Driving Domestic Manufacturing and Recycling

This IDC Market Perspective discusses the electric vehicle (EV) supply chain that is expanding but manufacturing remains highly concentrated in certain regions, with China being the main player in battery and EV component trade. Therefore, EV supply chains are increasingly at the forefront of EV-related policymaking in both the United States and Europe. Federal policies and incentives have also been the driving force behind ongoing investments for domestic manufacturing and recycling for ensuring supply chain sustainability, resilience, and security. "Technology vendors have a major role to play in creating a digital battery passport platform and techniques to enable access and collect, curate, and update information across the battery value chain. Blockchain technology can provide a secure, decentralized way for battery passports to be stored, updated, and shared along the supply chain," Sandeep Mukunda, research manager, Digital Automotive and Transportation Strategies program at IDC.

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