As global EV adoption accelerates – with 23 million electric vehicles sold in 2023 alone – a critical question emerges: What becomes of these batteries when they dip below 70% capacity? The battery repurposing industry stands at a crossroads, grappling with 11.3 million metric tons of lithium-ion batteries projected to retire by 2030 (IEA, 2024).
Did you know that over 2.3 million metric tons of lithium-ion batteries entered the EU market in 2023 alone? As electric vehicle adoption surges, the EU Battery Passport initiative emerges as a critical solution for tracking Full Lifecycle Assessment (LCA) data via blockchain. But how can this digital infrastructure actually prevent greenwashing while ensuring circular economy compliance?
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