Carmakers fighting for battery supply need ways to track EV ingredients. A new kind of ‘passport’ could be the answer.

Ford is one of the automakers leaning into the new “battery-passport” concept.

Car companies are desperate for EV batteries — but they need to be sourced and made sustainably.
A “battery passport” that traces everything from a battery’s mining to recycling could help.
Experts say using the battery passport could separate auto-industry winners from losers.

Car companies across the globe are scrambling for battery supplies — and on top of critical materials shortages, they’re facing governmental regulations that restrict how and where they get what they need to turn away from the internal-combustion engine. 

That challenge could be alleviated by the “battery passport,” a new way of documenting where all the bits of a battery come from and where they’re going. The idea comes from the Global Battery Alliance, a public-private partnership formed at the World Economic Forum in 2017. 

Experts say even if having this passport isn’t a requirement for those building electric vehicles and their batteries, it could be a must-have for automakers looking to stay on top of a fast-growing market.

That’s because the pressure is on to ensure EV production is done responsibly. For one thing, lithium, nickel, cobalt, and other key metals have long come from places with shaky human-rights records and murky carbon footprints.

For another, this summer’s Inflation Reduction Act reserves critical EV tax credits for automakers that use materials sourced domestically or from countries with which the US has free-trade agreements. In Europe, newer regulations have increased scrutiny of battery sustainability and safety.

“There are all these hoops to jump through,” Pavel Molchanov, a Raymond James analyst, said. 

The battery passport could make it easier to get through them. 

Where has your battery been?

The Global Battery Alliance, composed of various public stakeholders and car companies, battery-cell makers, and mining firms, introduced the battery-passport concept in 2020 and plans …read more

Source:: Businessinsider

Leave a Reply

Your email address will not be published.