Reported 4 months ago
Volvo Cars will introduce the world's initial EV battery passport, detailing the origins of materials, components, recycled content, and carbon footprint for its upcoming EX90 SUV production, complying with EU requirements to disclose battery composition. Developed in collaboration with UK startup Circulor utilizing blockchain technology, the passport will be mandatory for EVs sold in the EU from 2027, and Volvo aims to only produce fully-electric vehicles by 2030. Costing around $10 per car, the passport offers information vital for evaluating used EV values and is designed for full transparency with car buyers, signaling Volvo's commitment to environmental sustainability and innovation in the automotive industry.
Source: YAHOO