India is considering mining lithium and other restricted minerals for battery manufacturing. Other minerals can provide a better solution than lithium in EV and ESS batteries.
The market of EV components in India will rise to 11% approximately by FY-27. In terms of valuation, it is estimated to be valued at Rs. 72,000 crores. Crisil published this information in one of their research report on the Indian EV Market.
Lithium batteries are widely used in the manufacturing of the EV batteries. LFP-based ev batteries are much safer than NMC-based batteries. Other than the safety, they are also more durable than the NMC.
In order to push EV growth, the Haryana govt has come up with the EV policy 2022. With this policy Haryana govt is focusing on incentivising the EV adoption and inviting companies to do R&D in the EV industry
The government intends to build an electric highway between Delhi and Mumbai, according to Nitin Gadkari, the Union Minister for Road Transport and Highways. And at the same time, Delhi government has decided to install at least one charging station for every 15 vehicles over the next three years
Punjab govt is rolling out its EV policy for the next 5 years with Y-o-Y review plan. The objective of this policy is to be the part of the central government’s EV policy and reduce the carbon emission of the state.
Commercial vehicle segment is one of the largest in the entire automotive sector. Electrifying the logistic and transport sector is very necessary for India to achieve the Net Zero Target by 2070
“Karnataka is leading the market of electric 2-wheelers in India. With more than 20K units sold, Karnataka is proving that India roads will be pollution free on time”
“The Indian EV market will reach $150 billion by 2030, all thanks to the new players venturing into the EV manufacturing sector and the government support provided to them. The new state EV policies is again a positive step taken by the Indian government to grow this market.”
“The EV industry is creating more jobs, and the industry witnessed a growth rate of 108%. Bengaluru is the most popular place for EV talent, with 62% of job posts followed by 12% in Delhi, 9% in Pune and 6% in Coimbatore”
