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

Publisher IDC
Published Dec 19, 2023
Length 6 Pages
SKU # IDC18395976

Description

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.

Please Note: Extended description available upon request.

Table of Contents

6 Pages
Executive Snapshot
New Market Developments and Dynamics
Government Polices Driving All Facets of EV Value Chain
Battery Chemistries Are Diversifying
Partnerships to Promote Sustainable Manufacturing and Recycling
Advice for the Technology Supplier and Services Provider
Digital Battery Passport
Predictive Maintenance of EV Batteries and Upcoming Leasing Models
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Related Research
Synopsis
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