Traceability Management Strategy of the EV Power Battery Based on the Blockchain
Yanjin Cheng, Hao Hao, Shi-Peng Tao, Yanjun Zhou
Abstract
Regulating and supervising the energy vehicle (EV) power battery recycling market, improving the utilization rate of EV power battery recycling, and guaranteeing the safety and control of all aspects of recycling treatment require the establishment of an effective traceability system. The decentralization and tamper-proof characteristics of the blockchain can ensure the safety and reliability of relevant data while realizing traceability management. This study establishes the Stackelberg game model to compare and analyze the effects of different government mechanisms on the profits of each subject before and after participating in power battery traceability management. The study further uses the model to explore strategies to improve the enthusiasm of EV power battery recycling subjects to participate in traceability management. The results show that (1) the participation of each recycling subject in EV power battery blockchain traceability can help move more spent power batteries into formal recycling channels; (2) the government should adopt appropriate mechanisms to promote its participation in EV power battery blockchain traceability, the best result being when the government adopts a subsidy mechanism for consumers; and (3) the profit of the EV power battery manufacturer is inversely proportional to the target recycling rate set by the government. Furthermore, the pursuit of a very high target recycling rate is not conducive to the normal implementation of initial EV power battery blockchain traceability management. Therefore, it is crucial for the government to set a reasonable target recycling rate.