What are the current market trends influencing the need for battery manufacturing in India?

There are two opportunities in battery manufacturing: one is for electric vehicles (EVs), and the other is for energy storage systems (ESS). Each of them stands alone as a significant portion. The Central FAME-II policy, which provides incentives to the producers of electric vehicles, is the primary demand-side driver for EVs.

 

Read more : Energy-Storage-Market

The overuse of fossil fuels and extreme reliance on them has depleted our natural resources, leading to the development of renewable energy alternatives. By focusing on reusing, repairing, refurbishing, and recycling, the circular economy functions as a resilient system that will help us tackle global challenges such as pollution, climate change, waste and biodiversity loss.
In its bid to adopt cleaner mobility alternatives, India is incentivizing the adoption of Electric Vehicles (EVs) through subsidies. However, as the demand for EVs and, thus, lithium-ion batteries (LIBs) grows, steps must be taken to ensure proper battery disposal. This is part of India’s mission for a cleaner tomorrow.

 

India’s electric vehicle revolution is here. Our CEO Venkat Rajaraman explores six trends that are likely to shape the sector’s ongoing growth in the country.

India’s transportation sector is very unique. Unlike most Western countries, Indian drivers predominantly ride on two-wheeled and three-wheeled vehicles like motorcycles, mopeds and auto rickshaws. With over 80% of the vehicles on Indian roads consisting of two-wheelers and three-wheelers

 

Read more : EV-revolution-trends

The Ministry of Road Transport and Highways (MoRTH) constituted a committee in May 2022 to formulate the safety requirements for traction batteries. It was constituted mainly in the wake of fire incidents in electric vehicles, and this had experts from several renowned institutes, including ARCI, IISc, IIT etc. Based on the committee’s recommendation, MoRTH had proposed amendments to the AIS 156 & AIS 138 Rev 3 standard, which comes into effect in a phase-wise manner from 01-Dec-2022. 

 

Read more : AIS-156 STANDARD

India is in the midst of transition to electric vehicles (EVs). Several think-tanks including NITI Aayog and CEEW have predicted that there would be 80 per cent EV adoption in two wheelers and three wheelers by 2030. Even a conservative estimate predicts that there would be 6 million EVs in India by 2025.

Entrepreneur India  Article:  Switch To Lithium-ion Battery

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