The EU's 5 Million Digital Product Passports in 2027 Will Transform EV Battery Industry by Enabling Supply Chain Traceability
LONDON, Feb. 6, 2024 /PRNewswire/ -- Amid a growing demand for sustainable choices, businesses and consumers face challenges in making informed decisions due to data gaps in supply chains. The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task. Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles. According to global technology intelligence firm ABI Research, in 2027, over 5 million BEVs will be sold with a Battery Digital Passport in Western Europe, where global manufacturers will have to start creating battery Life-Cycle Assessments (LCAs) by 2025. LCAs provide the critical information needed to generate Battery Passports.
- The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task.
- Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles.
- "The Digital Product Passport will be a game-changer promoting traceability, material and energy efficiency, and repair-based business models," says Rithika Thomas, Sustainable Technologies Industry Analyst at ABI Research.
- These findings are from ABI Research's Digital Product Passports: Tech-Driven Sustainability and Traceability for EV Batteries, Construction Materials and Pilot Use Cases .