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    How the Inflation Reduction Act of 2022 impacts the US EV ecosystem
    On 7 August 2022, Democrats in the US Senate passed the Inflation Reduction Act of 2022, which aims to not only take control of rising inflation by reducing the fiscal deficit but also invest in domestic manufacturing of renewable energy and electric vehicles (EVs), secure the necessary supply chain, and cut down the carbon footprint by roughly 40% by 2030. The proposal made within the purview of the Inflation Reduction Act of 2022 (IRA) expects to raise about USD739 billion and invest about ...
    Software complexity starting to cost CEOs their job
    Complexity in the software has increased to a level where it has become not just difficult to debug and maintain, but it has compounded an OEM’s already difficult situation to comprehend the overall system interactions between various electronic control units (ECUs) and to properly test all the various combinations of features in a car. Most of the software in vehicles is written by suppliers that also use third-party software and work with externals, so the OEM’s control on the result is ve...
    How the Inflation Reduction Act of 2022 impacts the US EV ecosystem
    On 7 August 2022, Democrats in the US Senate passed the Inflation Reduction Act of 2022, which aims to not only take control of rising inflation by reducing the fiscal deficit but also invest in domestic manufacturing of renewable energy and electric vehicles (EVs), secure the necessary supply chain, and cut down the carbon footprint by roughly 40% by 2030. The proposal made within the purview of the Inflation Reduction Act of 2022 (IRA) expects to raise about USD739 billion and invest about ...
    How rapid electrification of vehicles will impact the coolant industry?
    The need to establish a sustainable global transportation system, which accounts for nearly one-third of the global carbon emissions, is leading to rapid electrification of vehicles across segments. As several countries continue to tighten the emission norms for automobiles and roll out new policies for the adoption of electric vehicles (EVs), vehicle manufacturers are increasingly investing in their respective product portfolios, supply chains, new technologies, and EV ecosystem to ensure that ...
    Software complexity starting to cost CEOs their job
    Complexity in the software has increased to a level where it has become not just difficult to debug and maintain, but it has compounded an OEM’s already difficult situation to comprehend the overall system interactions between various electronic control units (ECUs) and to properly test all the various combinations of features in a car. Most of the software in vehicles is written by suppliers that also use third-party software and work with externals, so the OEM’s control on the result is ve...
    Suppliers to the new Tesla Model Y
    The Tesla Model Y is manufactured at the automaker's factory in Gruenheide, Germany. Output of the mid-size SUV is expected to peak at more than 241600 in 2023, according to IHS Markit.
    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only market where several companies have implemented the model successfully and have concrete plans to further scale it up as a direct result of the supportive government policies. The established Chinese ...
    The evolving landscape of inverter technology in EVs
    The automotive industry is slowly but steadily moving toward an electric future. Several factors are at play that will determine the pace of this transition from internal combustion engines (ICEs) to electrified vehicles. One of the key factors is certainly the performance of the EV, especially the range that it will offer in the real-world driving conditions. Slapping a bigger battery onto the EV will give the additional range, but that will significantly add to the cost and weight of the ve...
    Battery Industrialisation Centre underpins U.K. push for manufacturing and technology leadership
    UKBIC is a national battery manufacturing development facility, commissioned to aid and accelerate battery manufacturing in the UK, as well as educating and upskilling the battery sector workforce in preparation for mass production. UKBIC is a publicly funded, open access facility, funded by the Faraday Battery Challenge under the watch of UK Research and Innovation, a non-departmental public body sponsored by the Department for Business, Energy, and Industrial Strategy (BEIS). Located on a 2...
    Growth of Li-ion battery manufacturing capacity in key EV markets
    The future of the automotive industry lies in electrification is not a topic for a debate anymore. However, what is being debated is how quickly the world will be able to let go of its century-long dependence on fossil fuels and embrace electric-powered vehicles. Several factors will play a role in determining this pace, including the availability of enough batteries to enable this transition. Currently, there is an installed capacity of about 948 GWh for lithium-ion (Li-ion) batteries global...
    Suppliers to the 2022 Honda Civic
      The 2022 Honda Civic Hatch is assembled at the Greensburg Assembly plant in United States .Production of the vehcile will peak at more than 93,700  units in 2023. 
    How will ECHA’s proposal on the use of lead affect Europe’s net zero ambitions?
    The proposal by the European Chemicals Agency (ECHA) to include lead as one of the eight new substances of very high concern (SVHC) in the REACH Authorisation List can hurt the growth potential of manufacturers using lead metal, reduce the competitiveness of an existing supply chain and negatively impact Europe’s well-established circular economy, Dr Steve Binks, director, regulatory affairs at International Lead Association (ILA) said in an interview. ILA, which had issued a position paper...
    Shanghai lockdown creates new supply chain concerns for OEMs
    A dramatic surge in new COVID-19 infections and the breakout of a new sub-strain of the Omicron variant forced the mainland Chinese government to impose a full-scale lockdown in the country’s financial hub, Shanghai, from early April. Shanghai is a major automotive component manufacturing hub as well, and a prolonged lockdown in the city would cause significant disruptions to vehicle production in the region, and logistical barriers hindering export of parts from the country. The lockdown h...
    Suppliers to the 2022 Chevrolet Silverado
    The 2022 Chevrolet Silverado is assembled at the Oshawa Assembly plant in southern Ontario .Production of the vehcile will peak at more than 84360  units in 2023. 
    Battery raw material price hikes may pose additional pressure to OEMs' electrification roadmaps
    Russia’s invasion of Ukraine may exacerbate price pressure on critical battery raw materials and result in less affordable EVs, with battery input costs increasing by over 7,000 USD for several popular models.  Prices of lithium, nickel and cobalt, which can represent some 27% of the total battery input costs for certain battery chemistries, had already been sustained over the last few months, due to increased demand from the automotive sector, particularly in China, and low inventories. ...
    Russia-Ukraine conflict: Shortage of several critical parts leaving German OEMs exposed
    The ongoing conflict in Ukraine has disrupted production at several supplier facilities, forcing them to announce temporary production suspensions or shifts of production operations to other sites, opening another front for carmakers scrambling to stabilize their production output in light of the ongoing semiconductor shortages. Tier-1 suppliers, such as Leoni, Gentherm, Aptiv, Kostal, Kroschu, Fujikura, Sumitomo Electric, Nexans, Yazaki, and Prettl, have plants in Ukraine producing primarily wi...
    Is the European Commission’s proposed Chips Act a lost chance to secure chip supplies?
    The European Commission’s Proposal for a Regulation of the European Parliament and of the Council to establish a framework of measures for strengthening Europe’s semiconductor ecosystem or Chips Act, just like the US government’s recent policy on semiconductors, aims at securing strategic supply of chips to support various industries. The act focuses on shoring up more semiconductor manufacturing capacity while ensuring the availability of a trained workforce to support the industry throug...
    Special analysis: New battery electric vehicle entrants in China
    The global automobile industry has experienced a huge change toward electrification in recent years. Startup battery-electric vehicle (BEV) manufacturers have played an essential role in this era and even led technical development in multiple segments. Aside from currently being the world’s largest automobile market, mainland China has been more aggressive than other regions to replace internal combustion engine (ICE) vehicles with BEVs thus making mainland China home to many BEV startups. Acc...
    Demand for high-density, fast-charging batteries to drive adoption of immersion cooling technology
    Increasing demand for electric vehicle (EV) batteries that can deliver longer driving range, faster charging capabilities, safety, and sustainability is not only leading to a rapid evolution in the battery chemistries but also the thermal management techniques to optimize the battery performance. As vehicle manufacturers prepare for the global EV transition, the suppliers of thermal technologies, along with the new and upcoming startups, are increasingly working to develop innovative solutions t...
    Cobalt in future EV supply chains: Addressing long-term demands through strategic investments
    1. Introduction – Cobalt and the EV revolution Driven primarily by emission-based legislations and mandatory electrification-targets worldwide, the electric vehicle (EV) industry has grown exponentially over the last few years with the demand for EVs nearly doubling between 2020 and 2021, from 2.4 million vehicles to 4.5 million. The growing EV market has meanwhile caused an unprecedented surge in demand for the materials needed to produce the lithium-ion batteries (LiB) and motors powering...
    Suppliers to the new Volkswagen ID4
    The first-generation Volkswagen ID4 is assembled at parent VW Group's factory in Zwickau Germany.Production of the new electric crossover will peak at more than 112,500 units in 2024. 
    Auto parts to software ecosystem: Does Aptiv and Wind River merger make sense?
    Well-known auto parts maker Aptiv acquired automotive and IoT software developer Wind River on 11 January 2022. This is the first automotive acquisition of this year. This deal is the biggest since 2017 and the divergence of Delphi by Aptiv. Aptiv Aptiv PLC, formerly known as Delphi Automotive PLC, is a tier-1 supplier for the automotive industry. Aptiv designs and manufactures vehicle components and provides electrical and electronic and active safety technology solutions to the global au...
    Suppliers to the new Opel/Vauxhall Mokka
    The second-generation Opel/Vauxhall Mokka is assembled at the Stellantis Poissy facility in France. Output of this model, at the French plant, is expected to peak at more than 136,000 units in 2023, according to IHS Markit.
    Suppliers to the new Nissan Qashqai
    Produced by the Nissan since 2006, with most of the European volume built at Nissan’s Sunderland plant in the UK. Nissan’s compact crossover SUV is now in its third generation. With production starting in June 2021, the all-new Qashqai is Nissan's first model built in Europe using a significant number of lightweight aluminum panels, IHS Markit forecast production will reach its highest level of 303,000 units in 2023.
    Suppliers to the new 2022 Audi e-tron GT
    The first-generation Audi e-tron GT is assembled alongside the Audi R8 at Audi’s Boellinger Hoefe facility in Germany. Output of this model is expected to peak at 14,000 units in 2026, according to IHS Markit.
    Suppliers to the new 2022 BMW 2-Series
    The second-generation BMW 2-Series 2-door coupé (G42) is the first BMW designed by BMW of Mexico. It is also assembled in BMW's San Luis Potosi plant in Mexico. Output of this model is expected to peak at around 43,000 units in 2024, according to IHS Markit.
    Suppliers to the new 2022 Jeep Grand Cherokee
    The fifth-generation Jeep Grand Cherokee is assembled in Detroit Michigan, USA. Output of this model at the Michigan plants is expected to peak at around 480,000 units in 2023, according to IHS Markit.
    Special Report: Foxconn's preparedness to redefine EV value chain
    Taiwan-based Foxconn, formally known as Hon Hai Technology Group, is promoting a new electric vehicle (EV) business model that has the potential to drive extensive collaboration in the industry, reduce research and development (R&D) cost, and shorten the development cycle for new EV products. Over the next five years, Foxconn could emerge as a company that can drive significant changes in EV manufacturing value chain and make the e-mobility landscape more competitive for the established OEMs...
    Infrastructure bill’s EV charger funding a good start, but more funding likely to be needed to meet growing demand
    On 15 November 2021, President Joe Biden signed into law the USD1.2-trillion infrastructure bill. The bill is expected to support the automotive industry in many ways, from improved road conditions, cleaner commercial vehicles, electric vehicle (EV) battery factories, battery recycling, and lithium mining and refining. However, one of the largest EV appropriations will be toward vehicle charging. Some USD7.5 billion has been allocated to alternative fuel charging, primarily for EV chargers and s...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). The ‘Fit for 55’ package, which comprises close to a dozen proposals for EU’s climate, land use, energy, among other areas, views transportation sector as one of the key emitters of the greenhou...
    Why the Nissan-Envision AESC gigafactory is strategic for UK’s EV battery supply chain
    Unveiling its strategy to put the UK at the center of its electric vehicle (EV) game plan for Europe, Nissan, along with its battery partner Envision AESC, made a crucial announcement on 1 July to jointly invest GBP1 billion (USD1.37 billion) in the northeastern region to set up the country’s first EV ecosystem of such scale. Named EV36Zero, the planned GBP1 billion EV ecosystem involves Nissan investing up to GBP423 million to produce a next-generation electric crossover at its Sunderland ...
    Stellantis’s EV roadmap hinges heavily on its battery strategy
    Amsterdam-based Stellantis announced its vehicle electrification strategy for this decade and beyond on its EV Day on 8 July. The parent company to over a dozen iconic brands, including Fiat, Citroën, Peugeot, Jeep, Chrysler, Dodge, Ram, and Maserati, plans to pump in EUR30 billion (over USD35 billion) over the next five years in electrifying all brands through this decade. At the heart of its giant plan are four all-new battery-electric vehicle–focused platforms, three core electric drive mo...
    Battery cell chemistry and design would be key to BEV lightweighting
    As the automotive industry progresses toward electrification, the advancement of the lithium-ion (li-ion) battery will be the most important development that all stakeholders would be keen to follow. There are several challenges that li-ion battery faces today in terms of range, charging times, and safety. These challenges would need to be addressed before batteries can enable parity with the internal combustion...
    An analysis on the risks and remedies of electric vehicle (EV) battery fires
    There is no question that electromobility is the future for the automotive industry and the shift away from internal combustion engines (ICEs) is occurring at a tremendous speed. Many countries have set (or are in the process of setting) deadlines for the phasing out of vehicles driven by conventional, fossil fuel–burning engines. New York and California in the United States, Thailand, and Quebec in Canada, among others, have fully committed to zero-emission vehicles from 2035 onward. Washingt...
    Is there a future for a battery-swapping business model globally?
    So far battery swapping has been unable to make the transition from being a niche offering to a mass-market service. Battery swapping offers many advantages to customers, including the potential to overcome range anxiety and slow charging times. According to the IHS Markit Consumer Survey in 2019—conducted in eight major automotive markets with 8,000 participants—35% of consumers expect their vehicle to fully charge in less than 30 minutes, out of which 11% wanted a full charge in less than ...
    Volkswagen reveals e-mobility strategy on its first Power Day
    One of the most predominant trends in the global automotive industry of today is the relentless move toward electrification.  Carmakers around the world are heeding the demand to shift away from inefficient propulsion methods and focus instead on hybridization and electrification. German automotive manufacturer, Volkswagen, has envisioned a transformation into a global market leader for e-mobility solutions—an aim that was clearly outlined during its Power Day event held on 15 March. I...
    UK’s 2030 ban on ICE vehicles puts spotlight on charging infrastructure readiness
    The United Kingdom recently announced its plans to ban the sales of petrol and diesel cars and vans by 2030, superseding the previous goal to ban new internal combustion engine (ICE) vehicle sales by 2040. The sale of plug-in hybrid (PHEV) cars and vans that have zero-emission driving capability will be allowed until 2035. While the government’s announcement is seen as a step in the right direction, it is going to impact the plans of automakers, electric vehicle (EV) charging point operators (...
    Brexit deal: What lies ahead for the UK automotive components industry?
    In an unprecedented time, where world governments are divided between increasing efforts toward providing economic stimuli and protection from the ongoing COVID-19 pandemic, the outlook for the UK Brexit deal is in a state of ambiguity. The UK government will observe the newly formed trade agreement with the European Union, beginning 1 January 2021, estimated to be worth USD900 billion, a year. The prime highlight of the new deal was that UK goods can be sold without tariffs and quotas in the EU...
    The E-mobility industry will deepen its roots in 2021
    The year gone by was unlike anything expected at the start of the year. The COVID-19 pandemic, which became a potential concern around February, soon metamorphosed into an outright global disaster. Many sectors were impacted by the restrictions and lockdowns on a global scale; in fact some are still continuing at some level. The automotive industry, which was hoping for a recovery after a slow 2019, saw production and sales come to a standstill for nearly 1–2 months. While most of the elect...
    The big challenge around battery raw materials sourcing
    Electromobility is completely changing the landscape of the transportation sector around the globe. While customers have the option of adopting electric vehicles (EV) gradually, the automakers have to transition to electrified or fully electric vehicles in a more hurried manner owing to stricter emission norms and expected restrictions on sales of pure internal combustion engine (ICE) vehicles. One of the main hurdles faced by the industry is to ensure a consistent and sustainable supply of raw ...
    Advanced semiconductors key to efficient EV inverters
    In terms of consumer demand, electric vehicles (EVs) are still far away from internal combustion engine (ICE) vehicles. There is a constant and increasing push from automakers, suppliers, and technology companies to make EVs more efficient on performance and range to make them a viable alternative to ICE vehicles. In this endeavor, most of the attention has been on the improvements in battery and motor technology. However, in the background, a lot of R&D is happening to improve a few other c...
    Will Tesla’s thrust on expanding its in-house expertise pay off?
    On 22 September, Tesla hosted an announcement-packed ‘Battery Day”, showcasing its vision on where it wants to be in terms of battery cell technology and production capacities within the next three years, as well as what some of the innovation in the works could mean for end customers of its electric vehicles (EV). The company announced evolutionary changes, right from the cell design, down to the manufacturing processes related to every cell component, that will not only improve the perform...
    Mainland China shifts policy stance to offer OEMs more flexibility on NEV strategy
    Globally, Mainland China has among the most dynamic new energy vehicle (NEV) policy, which is being updated regularly to be in sync with the economic conditions, market demand, and technology developments. The initial heavy subsidies given by the central government are seen to have largely done the job of assisting a quick transitioning towards electrified vehicles in mainland China. These NEV subsidies are now being phased out to create a more stable and self-reliant environment for the industr...
    Range-extended EVs face cost, complexity hurdles toward higher adoption
    The automotive industry has experimented with several forms of electrification, trying to find the right balance between development, vehicle cost, customer needs, and the operability in the real world. While the vehicles with the most basic level of electrification are deemed mild-hybrids, whereby the electric motor only assists the internal combustion engine (ICE) with propulsion assist and coasting functionality, the most electrified are full battery electric vehicles (BEV) and fuel-cell elec...
    Is Tesla’s application of LFP cathode technology indicative of price over performance?
    A recent development has got the automotive industry talking about a battery chemistry which, over the last half-a-decade, has been steadily losing market share in the electric vehicle (EV) segment—lithium iron phosphate (LFP). Tesla recently received an approval from the Mainland Chinese government to use LFP batteries in Model 3 in Mainland China. Although the supplier is still unclear, reports and IHS Markit intelligence indicate that Tesla is planning to source LFP-cathode batteries from M...
    Growing EV market to drive demand for battery heating systems
    Keeping the lithium-ion batteries in hybrid electric vehicles (HEVs) within optimum temperature levels plays a key role in the efficiency of these vehicles, as temperatures that are too low or too high can degrade the ability of these batteries to store charge and deliver optimal voltages and amperages. In addition to peak battery performance, maintaining optimal battery temperature also plays an important role in improving battery charging times and maintaining battery life. This issue becom...
    V2G could become a necessity in an EV-dominated landscape
    The current global electricity production of more than 26,000 terawatt-hours (TWh) just about meets the global demand. The demand is mostly from the industrial segment and the transportation segment’s contribution is negligible. However, the demand from the transportation segment is certainly going to rapidly increase in the coming years as EVs gain a bigger market share in the automotive industry. A strong EV charging infrastructure will be one of the key aspects to ensure EV adoption, and it...
    Market outlook for automotive sensors as electrification expands
    The automotive industry experienced one of its most sluggish periods over the last couple of years. Macroeconomic factors such as the US–China trade war and a weak Chinese manufacturing output led to dented consumer sentiment across most verticals, but the automotive industry bore one of the biggest brunt. Passenger car sales have been badly hit during the period, including in major markets such as China, and recovery is not expected until at least the second half of 2020. However, the grow...
    E-mobility sector round-up – 2019
    The electrification of transportation segment has been one of the megatrends for a couple of years, and 2019 was no different. The number of new electrified models showcased and launched during the year was high, and so were the investments announced by automakers, suppliers and technology stakeholders in new technology and capacity building. While sales of EVs across the globe continued to grow, it was significantly impacted due to the slowdown in global automotive production, especiall...
    The challenges EV start-ups are facing
    Sales of plug-in electric vehicles (PEV) totaled more than 2 million units in 2018, a 63% increase from the previous year, according to the IEA’s Global EV Outlook 2019. PEVs accounted for 2% of global light-vehicle sales in 2018, which is a quantum jump from 0.3% in 2015. If recent announcements by OEMs on electrification are any indication, PEVs will continue to record strong growth over the next decade. IHS Markit forecasts production of battery electric vehicle (BEV) to be over 15 million ...
    Cancellation of Dyson EV project: Lessons for new EV start-ups
    Dyson Technology has decided to shelve its plan to produce an electric vehicle (EV) as it could not find a way to make the vehicle commercially viable. In an email to its employees, a copy of which was published by Business Insider on 11 October, the company’s founder Sir James Dyson said the company had been through a serious process to find a buyer for the project but had so far been unsuccessful. Back in 2016, the UK-based manufacturer, known for its vacuum cleaners, had announced plan...
    EV battery production in Europe enters the fast lane
    From being almost non-existent on a global battery production map a couple of years back, Europe has emerged as a key location for setting up electric vehicle (EV) battery cell development and manufacturing facilities. There has been a strong push from national governments and the European Union (EU) to develop an entire ecosystem related to EV batteries. The initiative from the authorities has received support from automakers, and battery makers, both European and global, which have announ...
    New incentive policies will promote EV component manufacturing in India
    The electromobility industry has started taking shape around the world with some countries taking a big lead, especially China, the United States and Norway. India too is now pushing hard to catch up with these leaders through aggressive incentive policies. In February this year, the Indian government approved the second phase of its EV subsidy scheme 'Faster Adoption and Manufacturing of Electric Vehicles in India’ (FAME India). The second phase of the scheme (FAME 2) is different from the pr...
    2018 Global plug-in electric vehicle index
    Overview 2018 was a year of sustained growth for plug-in electric vehicles (PEVs). OEMs around the world exhibited an increased commitment towards improving their uptake, with global PEV market share increasing from 1.4% in 2017 to 2.2% in 2018 . This is backed by a 55% increase in PEV production year-on-year. Graham Evans, Principal Analyst at IHS Markit, discussed the progression at length during a recent open webinar. He explained the rise in PEV sales and underpinned the global and loc...
    EDITORIAL: AABC Conference outlines solid-state progress, signals potential supply chain constraints
    Key stakeholders from across the automotive battery landscape came together at the Hotel del Coronado in San Diego last week for the 19th annual US edition of the Advanced Automotive Battery Conference (AABC). The event brings together expertise from the academic and scientific communities, as well as interested participants from all tiers of the battery supply chain and automotive OEMs themselves. At such a prominent inflection point in the uptake of electric vehicles, the pooling toget...
    Sustainable acquisition of e-motor materials, supply chain implications
    Automakers have come under tight scrutiny in the aftermath of the Diesel Emissions Affair. Governments around the world are increasingly introducing and enforcing stringent policies and federal emission targets, which OEMs must achieve to sustain their operations. The Worldwide Harmonised Light Vehicle Test Procedure (WLTP) and the Real Driving Emissions (RDE) norms, being enforced on all new vehicles, are expected to play a crucial role in determining propulsion strategies for all vehicle manuf...
    EDITORIAL – Refueling infrastructure, government support still insufficient for fuel cell technology to gain significant traction
    Though both battery electric vehicles (BEV) and fuel-cell electric vehicles (FCEV) are expected to be popular zero-emission technologies in the long term, the former is expected to gain more market share relatively in the near term on the back of factors such as wider government-industry collaboration, falling cost of battery, increasing driving range, expanding public charging infrastructure and growing production. Consider the US market, for example. The BEV charging infrastructure has recorde...
    Can EVs sell and thrive in US state Michigan?
    Introduction Even as an increasing number of US states are transitioning towards alternative propulsion by adhering to the zero-emission zone (ZEV) mandate initiated by the California Air Resources Board (CARB), the majority of Michigan’s auto industry still revolves around the traditional internal combustion engine vehicles. This analytical review aims to analyze the reasons for the relatively lower EV sales in such a crucial state and how all the stakeholders can help improve it.  ...
    Potential electric vehicle markets
    Introduction Although the adoption of electric vehicles (EVs) is still at a nascent stage compared with internal combustion engine (ICE) vehicles, the technology is gradually establishing itself in the mass market. The advent of EVs is expected to cause massive disruptions in the traditional automotive ecosystem, ranging from changes in consumer buying patterns to changes in the long-term growth strategies of established OEMs. This is highlighted by the fact that almost all major OE...
    Investments in EV battery recycling set to increase
    Demand for electric vehicles (EV) is expected to become stronger in the coming years with the advancement in battery technology and reduction in their price. According to the International Energy Agency, the number of EVs on roads globally could touch 125 million by 2030. The increasing number of EVs on the road would mean an equally high number of EV batteries entering and exiting the system. This has raised concerns regarding the fate of these batteries once they reach their end of life. Dispo...
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