Governments and automakers on both sides of the Atlantic are moving to embrace the emerging technology. Volvo announced in June that its flagship EX90 SUV will become the first vehicle with a battery passport tracking the origins of its minerals and carbon footprint. That move was spurred by an EU regulation that will require EVs to include that data by 2027.

In the U.S., automakers need to trace the origins of their minerals to qualify for the Inflation Reduction Act’s EV tax credit, which is tied to escalating requirements for domestic sourcing of battery minerals.

The technology is gaining steam amid broad consensus in Washington and Brussels around the need to re-shore manufacturing and minimize reliance on adversaries like China, your hosts report.

Read the full article on Politico here.