Last week, our CSO, Hakim Aceval, and Project Manager, Pavlina Spasovska, attended the London EV Show. Hakim had the opportunity to join the Revolutionary Technology Trends panel, and talk about “Blockchain Product Passports for the EV supply chain”. At the same time Pavlina interacted with industry leaders from all over the globe and was able to catch up on the latest developments within the sector.
The event provided deep insight into the EV market, its development, the potential, as well as the challenges.
With COP26 being held in November 2021, one of the key takeaways was relating to the transport sector. This reiterated the shift to electric mobility and resulted in a signed declaration with more than 30 countries and business organisations committing to have all passenger cars and vans with 100% zero emissions by 2035 for leading economies, and 2040 for the rest of the signatories.
In a similar manner, the London EV Show was packed with three full days of talks reflecting a lot on these topics. It provided a great source of insight into the current status of the EV market, its landscape and overview, from both a governmental and business perspective.
The first conference session was chaired by Quentin Wilson (‘Top Gear’, ‘Fifth Gear’) and we had the opportunity to hear about the sustainability challenges and questions surrounding the EV sector. With presenters coming from both governmental, state and industry level such as Transport for London, the Kingdom of Saudi Arabia and BMW, it was interesting to learn more on their perspectives and commitments on sustainability, while reflecting on COP26 outcomes.
Amongst the various topics presented during the course of the event, these are some of our major takeaways:
However, a more deeper look into the EV supply chain from a downstream perspective was also elaborated providing insights into the units powering the EVs’ batteries.
During the Revolutionary Technology Trends panel, multiple concepts and experiences were presented, ranging from e-mobility models to the application of clean tech within the aviation industry and electric vans. Our CSO, Hakim Aceval, joined the panel to discuss blockchain product passports, and more specifically Minespider’s latest innovation, the Battery Passport.
Minespider’s Battery Passport is a digital representation of the battery and its life cycle. It gives a full overview of the battery components, its raw materials and sourcing details. It also allows for the entry of carbon emissions data at every stage of the production, which (combined with the info above) makes decision making easier for the end-of-life period and battery recycling stages. The overall goal is to increase transparency at each stage, and gather important ESG information and lifecycle data, based on what a sustainable battery should encompass.
In his presentation, Hakim focused on key industry challenges for the battery industry: Material scarcity, Social, Environmental and PR related challenges. He also elaborated on current and upcoming regulations on a national, EU and global scale and how Minespider’s Battery Passport can help companies to get on top of their supply chains (beyond Tier2).His overall focus was on helping companies to make compliance with ever increasing regulatory needs easier and digitize the overall way they manage their supply chains on the bleeding edge of blockchain technology.
During a three day spotlight on the EV sector we were able to grasp the challenges that it brings. Being a complex ecosystem, supply chain actors and different stakeholders now have the chance to rearrange their processes in a way which is more sustainable, responsible and aligned.
As governments are getting more traction on the topic and regulatory requirements are being set up, it has opened a whole myriad of questions and debates within the supply chain.
The key takeaway is that achieving net zero emissions vehicles and aligning with climate goals is only possible with a combination of governmental and organisational collaboration. Supporting the development of the sector will largely depend on the mutual efforts of all ecosystem actors. A good starting point would be providing the right incentives for enabling faster EV adoption and deploying the necessary charging infrastructure to support the sector.