ENVIRONMENTAL AND SOCIAL IMPACTS OF THE ELECTRIC VEHICLE SUPPLY CHAIN: RESPONSIBLE SOURCING PRACTICES AND INTERNATIONAL COOPERATION
DOI:
https://doi.org/10.53555/eijbms.v10i1.173Keywords:
Electric Vehicles (EV), Supply Chain, Responsible Sourcing, Lifecycle Analysis, Environmental Impact, Social Impact, International CooperationAbstract
The use of Electric vehicles (EV) as a sustainable transport system has many issues connected with the acquisition of essential materials like lithium, cobalt, and nickel. This paper aims to highlight the environmental and social impacts of the EV supply chain and then evaluate the sustainability strategies that are being implemented to address them. The research also measures the carbon footprint, resource depletion, and ecological effects of raw material extraction and production processes through a lifecycle assessment (LCA). A social effect assessment is also conducted to examine the employment rights and liberties and displacement of communities within the mining regions. The transition to EVs and the comparison between EVs and Internal Combustion Engine Vehicles are highlighted in this section to expose the advantages and disadvantages of the change. The study also evaluates the efficiency of international measures and responsible sourcing norms such as the Organization for Economic Co-operation and Development (OECD) Due Diligence Guidance. As it has been pointed out in this study, while the use of EVs may offer opportunities for environmental benefits, social and ecological concerns are still left unsolved, thereby requiring greater collaboration along the supply chain for sustainability and social justice.
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