{"id":24512,"date":"2023-01-12T09:42:39","date_gmt":"2023-01-12T04:12:39","guid":{"rendered":"https:\/\/www.greenworldinvestor.com\/?p=24512"},"modified":"2023-01-12T09:42:39","modified_gmt":"2023-01-12T04:12:39","slug":"india-plans-to-aggressively-tap-into-the-li-ion-battery-sector","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2023\/01\/12\/india-plans-to-aggressively-tap-into-the-li-ion-battery-sector\/","title":{"rendered":"India Plans to Aggressively Tap Into The Li-Ion Battery Sector"},"content":{"rendered":"

India\u00a0will have a massive demand for lithium-ion batteries<\/strong><\/a>, with rising demand for electric vehicles given increasing climate concerns. These batteries comprise more than 40%\u00a0of\u00a0the value of\u00a0lithium and cobalt, both of which are not found in India. Hence the country is trying to salvage some of the raw materials by recycling the used lithium-ion batteries which will increase in number once India electrifies its fleet. The\u00a0potential of lithium-ion batteries in India from 2022 to 2030\u00a0is estimated to\u00a0be ~600 GWh\u00a0across segments, according to a NITI Aayog report. It is expected that ~128 GWh of the\u00a0recycling volume would come from these batteries’\u00a0deployment by 2030 and electric vehicles are estimated to contribute about 50% of this.<\/p>\n

India has announced its intent to go carbon-neutral by 2070 and hence there is a lot on its plate when it comes to implementing the right policies and making things work in the\u00a0correct direction if the country wants to achieve this target. India has already\u00a0allocated 50 GWh of manufacturing capacity for advanced chemistry cells under its\u00a0PLI scheme. The government\u00a0is also targeting to become atma-nirbhar<\/em> (self-reliant) in terms of EV batteries by 2025. In its upcoming\u00a0union budget, the\u00a0government is expected to announce a policy for recycling lithium-ion batteries, in order to encourage faster adoption of EVs in our country. This policy will come with government incentives and the\u00a0Centre is\u00a0expected to\u00a0allocate ~Rs.3,500 crore for the scheme for a period of three years. Also, the battery recycling business is highly capital-intensive, and hence these incentives will be needed to attract more investments into the business. The policy will focus on cluster-based recycling units, located near the manufacturing factories to reduce transportation costs. The country is also inviting foreign investments into the Indian battery recycling business.<\/p>\n

Also, read\u00a0India\u2019s Action Plan for EV Charging Stations across the Nation<\/a><\/em><\/p>\n

As EV mobility picks up in India, there will be a rising demand for new batteries as well as recycling old ones. If not done mindfully, it may result in further filling up landfills. The policy is suggesting penalizing discarding the used batteries in landfills,\u00a0providing incentives to customers to return batteries, and issuing a separate license for handling lithium-ion batteries from electronic waste.\u00a0All these\u00a0policy\u00a0recommendations would help India have a\u00a0complete battery supply chain from domestic cell manufacturing to recycling. The country is\u00a0on track to establish\u00a0itself as a\u00a0major player in\u00a0the global EV infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

India\u00a0will have a massive demand for lithium-ion batteries, with rising demand for electric vehicles given increasing climate concerns. These batteries comprise more than 40%\u00a0of\u00a0the value of\u00a0lithium [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[24,85,30],"tags":[925,1122,1678,2027,2805,2821,2906],"class_list":["post-24512","post","type-post","status-publish","format-standard","hentry","category-climate-change","category-ev","category-india-green-stocks-greeninvest","tag-carbon-neutral","tag-climate-change","tag-electric-vehicles","tag-foreign-investment-into-battery-recycling","tag-india-li-ion-battery-recycling-business","tag-india-plans-to-aggressively-tap-into-the-li-ion-battery-sector","tag-india-union-budget"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/24512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=24512"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/24512\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=24512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=24512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=24512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}