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The Role of Local Sourcing of Lithium and the Potential of Different Chemistries in Making EVs Accessible
Balancing Domestic Lithium Resources with Alternative Battery Technologies: India's Strategic Approach to Meeting Growing EV Demand While Reducing Import Dependency
28 Feb 2025
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The rise of electric vehicles (EVs) signifies a global shift toward decarbonisation and renewable energy adoption. In India, this shift is especially pertinent as the country accelerates efforts to achieve 50% of its energy needs from renewable sources by 2030.
Lithium-ion (Li-ion) batteries, the cornerstone of EV energy storage, are central to this transition due to their superior energy density, performance, durability, and environmental credentials. However, the reliance on imported lithium and the need to explore alternative chemistries to make EVs more accessible are significant challenges India must address.
India’s Lithium-Ion Battery Market: A Snapshot
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