CLOSED EVENT-DRIVE SUSTAINABILITY & DRIVE+ MEMBERS ONLY
To replace fossil fuels and achieve the green transition, the automotive sector will require significant amounts of critical raw materials. The demand for lithium, cobalt, nickel, and rare earth elements, which are used to produce EV batteries is expected to increase dramatically, reaching up to a 21-fold increase for some commodities.
Most of these raw materials sourcing and processing are concentrated in few specific areas of the globe and – given the volatile geo-political change – this poses a risk of supply chain disruption and price volatility. Furthermore, ESG risks, high energy intensity, and the use of hazardous substances and a general lack of transparency are adding to this situation.
The European Union is reviewing the regulatory framework for batteries and critical raw materials with the purpose to ensure the sustainability and competitiveness of the EU market.
The battery regulation, for which a provisional agreement has been reached in December 2022, covers the entire life cycle of all types of batteries sold in the EU. Regarding sustainability requirements, the regulation introduces a carbon footprint declaration for electric vehicle batteries, mandatory minimum levels of recycled content for cobalt, lithium, and nickel, a battery passport, and mandatory supply chain due diligence.
The Critical Raw Materials Act, expected to be presented on March 14, aims at reducing Europe’s reliance on other countries for critical raw materials, by strengthening the EU monitoring capacities and its value chain.
JOIN THIS ATELIER TO:
Increase understanding the European regulatory framework for EV batteries, namely the Battery Regulation and the Critical Raw Materials Act.
Gain insight into key initiatives taken to meet the changing expectations
Promote sharing and learning between OEMs and suppliers about common challenges and best practices.
WHO SHOULD JOIN:
Drive Sustainability and Drive+ members.
For more information:
Project Manager