The EU’s new battery directive puts into action certain mandates on collection, repurposing, recycling and reuse of batteries in the bloc. This new directive is linked to the European Green Deal, Circular Economy Action Plan (CEAP) and the new Industrial Strategy for Europe.
From an automotive lens, it intends to enable an effective and efficient circular economy for electric vehicle (EV) batteries, reducing the overall environmental impact of end-of-life EV batteries. It is also likely to create a secondary market, which will supplement the supply of EV batteries and reduce import dependency of battery raw materials.
What specific challenges are automakers and battery manufacturers facing when it comes to enabling a circular economy for EV batteries? What tools and strategies can they adopt to empower the rapid adoption of sustainable EV batteries? How can automakers explore new circular economy business models and improve collaboration with other players? Where can they initially begin by leveraging frameworks like the Circular Transition Indicators?
Read our study for findings on how to address the above and pave the way forward.
"Sustainable batteries" is one of the themes we identified in KPMG’s survey of global automakers and suppliers as pivotal in shaping the future of the European and global automotive industry.