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White Paper

A Framework for the Safe and Efficient Global Movement of Batteries

A Framework for the Safe and Efficient Global Movement of Batteries

A Framework for the Safe and Efficient Global Movement of Batteries

World Economic Forum
Pages 19 Pages

The World Economic Forum and Global Battery Alliance highlight the urgent need for a circular EV battery economy to meet soaring demand, projected to rise 19-fold by 2030. Used batteries could provide up to 60% of global stationary storage demand, while advanced recycling could recover 10% of key materials—worth $10B today and growing. Circular strategies like repair, refurbishment, repurposing, and high-performance recycling can cut lifetime battery costs by 20% and enable 30% of required transport and power sector emission reductions. Recommendations include standardizing definitions, advancing reverse logistics, enabling traceability through a battery passport, and piloting global custody frameworks.

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