Latest news with #BWMR
Time of India
4 days ago
- Business
- Time of India
EV battery outlook: Lithium-ion demand set to jump 48% by 2030, says ICEA report; Import reliance and EoL waste pose key challenges
The lithium-ion battery (LiB) market in India is projected to grow sharply over the next five years, led by rising demand from electric vehicles, consumer electronics, and stationary storage applications, according to a joint report released by the India Cellular and Electronics Association (ICEA) and Accenture. The report estimates that total LiB demand will reach 115 GWh by 2030, with electric vehicle-linked usage expected to grow at a compound annual growth rate (CAGR) of 48per cent. In comparison, demand from stationary storage is projected to grow at 14per cent CAGR and from consumer electronics at 3per cent, ANI reported. The surge in demand comes amid India's broader push towards its Net Zero targets and the government's supportive policies on clean energy adoption, domestic cell manufacturing, and battery end-of-life (EoL) management. However, the report also highlights structural challenges related to import dependence and environmental risks. Imports rise as local capacity lags 'India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as lithium, cobalt, nickel, and manganese,' the report noted. ICEA and Accenture estimate that cumulative demand for these critical materials will exceed 250 kilo tonnes between 2024 and 2030, translating to an import exposure of over $5 billion. To address these risks, the government has launched initiatives including the Critical Minerals Mission and exemptions on trade duties for key minerals. The report also references the Battery Waste Management Rules (BWMR), introduced by the Central Pollution Control Board (CPCB) in 2022, which mandate responsible disposal and recycling of used batteries. Collection remains low despite rules Despite the regulatory push, about 39per cent of end-of-life consumer electronics batteries are not being collected, the report observed. India's goals under its COP26 'Panchamrit' pledge include achieving 500 GW of non-fossil electricity capacity and cutting emissions by 1 billion tonnes by 2030. It also plans to reduce GDP emissions intensity by 45per cent and achieve net-zero carbon emissions by 2070. According to the report, India's ability to meet these targets hinges partly on its capacity to scale Li-ion battery production while managing the supply chain and environmental footprint.
India Gazette
09-07-2025
- Business
- India Gazette
EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030: Report
New Delhi [India], July 9 (ANI): The lithium-ion battery (LiB) market in India is poised for rapid growth, driven by increasing demand from consumer electronics (CEs), electric vehicles (EVs), and stationary storage (SS) applications, according to a joint report by India Cellular and Electronics Association (ICEA) and Accenture. The demand for lithium-ion battery is expected to reach 115 GWh by 2030 with consumer electronics growth projected at 3 per cent, stationary storage at 14 per cent, and EVs at a remarkable 48 per cent CAGR between now and 2030. As per the report, this growth will also be supported by India's commitments to Net-Zero goals and favorable government policies on catalysing demand for low-carbon energy, cell manufacturing, and end-of-life (EoL) management of lithium-ion batteries. On the flip side, with rise in this demand, India also faces challenges such as a rising import bill and environmental impact due to disposal of end-of-life lithium-ion batteries. 'India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as Lithium, Cobalt, Nickel, and Manganese,' the ICEA report read. The projected cumulative demand for the period 2024 to 2030 for these critical active materials is estimated to reach more than 250kT, translating into an import exposure of more than USD 5 billion. To address these challenges, the government has introduced various policy interventions, such as the Critical Minerals Mission, trade duty exemptions on critical minerals, among others. Further, CPCB introduced the Battery Waste Management Rules (BWMR) in 2022, establishing a regulatory framework to foster recycling and retention of critical battery-active materials within India. Nearly 39 per cent of consumer electronics batteries that have reached their end-of-life do not get collected. At COP26 held in 2021, India committed to an ambitious five-part 'Panchamrit' pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070. (ANI)
Time of India
09-07-2025
- Business
- Time of India
EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030
The lithium-ion battery (LiB) market in India is poised for rapid growth, driven by increasing demand from consumer electronics (CEs), electric vehicles (EVs), and stationary storage (SS) applications, according to a joint report by India Cellular and Electronics Association (ICEA) and Accenture. The demand for lithium-ion battery is expected to reach 115 GWh by 2030 with consumer electronics growth projected at 3 per cent, stationary storage at 14 per cent, and EVs at a remarkable 48 per cent CAGR between now and 2030. As per the report, this growth will also be supported by India's commitments to Net-Zero goals and favorable government policies on catalysing demand for low-carbon energy, cell manufacturing, and end-of-life (EoL) management of lithium-ion batteries. On the flip side, with rise in this demand, India also faces challenges such as a rising import bill and environmental impact due to disposal of end-of-life lithium-ion batteries. "India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as Lithium, Cobalt, Nickel, and Manganese," the ICEA report read. The projected cumulative demand for the period 2024 to 2030 for these critical active materials is estimated to reach more than 250kT, translating into an import exposure of more than USD 5 billion. To address these challenges, the government has introduced various policy interventions, such as the Critical Minerals Mission, trade duty exemptions on critical minerals, among others. Further, CPCB introduced the Battery Waste Management Rules (BWMR) in 2022, establishing a regulatory framework to foster recycling and retention of critical battery-active materials within India. Nearly 39 per cent of consumer electronics batteries that have reached their end-of-life do not get collected. At COP26 held in 2021, India committed to an ambitious five-part "Panchamrit" pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070.
Time of India
09-07-2025
- Business
- Time of India
EV battery outlook: Lithium-ion demand set to jump 48% by 2030, says ICEA report; Import reliance and EoL waste pose key challenges
The lithium-ion battery (LiB) market in India is projected to grow sharply over the next five years, led by rising demand from electric vehicles, consumer electronics, and stationary storage applications, according to a joint report released by the India Cellular and Electronics Association (ICEA) and Accenture. Tired of too many ads? go ad free now The report estimates that total LiB demand will reach 115 GWh by 2030, with electric vehicle-linked usage expected to grow at a compound annual growth rate (CAGR) of 48%. In comparison, demand from stationary storage is projected to grow at 14% CAGR and from consumer electronics at 3%, ANI reported. The surge in demand comes amid India's broader push towards its Net Zero targets and the government's supportive policies on clean energy adoption, domestic cell manufacturing, and battery end-of-life (EoL) management. However, the report also highlights structural challenges related to import dependence and environmental risks. Imports rise as local capacity lags 'India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as lithium, cobalt, nickel, and manganese,' the report noted. ICEA and Accenture estimate that cumulative demand for these critical materials will exceed 250 kilo tonnes between 2024 and 2030, translating to an import exposure of over $5 billion. To address these risks, the government has launched initiatives including the Critical Minerals Mission and exemptions on trade duties for key minerals. The report also references the Battery Waste Management Rules (BWMR), introduced by the Central Pollution Control Board (CPCB) in 2022, which mandate responsible disposal and recycling of used batteries. Collection remains low despite rules Despite the regulatory push, about 39% of end-of-life consumer electronics batteries are not being collected, the report observed. Tired of too many ads? go ad free now India's goals under its COP26 'Panchamrit' pledge include achieving 500 GW of non-fossil electricity capacity and cutting emissions by 1 billion tonnes by 2030. It also plans to reduce GDP emissions intensity by 45% and achieve net-zero carbon emissions by 2070. According to the report, India's ability to meet these targets hinges partly on its capacity to scale Li-ion battery production while managing the supply chain and environmental footprint.
Hindustan Times
03-06-2025
- Business
- Hindustan Times
From battery waste to energy independence: India's critical minerals opportunity
India's fast-growing electric vehicle (EV) and energy storage sectors offer a tremendous opportunity: transforming battery waste into a strategic resource to reduce dependence on imported critical minerals. Despite having a vast domestic market, India still heavily relies on imports—especially from China—for key battery materials like lithium, cobalt, and nickel. As demand for these metals surges toward 2030, India stands at a crucial crossroads to build a robust recycling ecosystem aligned with the National Critical Minerals Mission (NCMM), positioning itself for long-term energy security and sovereignty. Critical minerals are essential to modern technologies—from EVs and smartphones to renewable energy and defence systems. But with global supply chains heavily dominated by China, India faces significant geopolitical risks. China's control over mineral processing and its tightening export regulations have exposed vulnerabilities in India's energy transition roadmap. In response, India has adopted a comprehensive strategy covering 30 critical minerals: boosting domestic exploration, acquiring overseas resources, and ramping up recycling infrastructure. Backed by a ₹34,300 crore investment, the NCMM seeks to strengthen local supply chains, foster research and development (R&D), and establish strategic reserves both domestically and internationally. Although India has large mineral reserves, only a fraction has been explored. This untapped potential offers a compelling opportunity for global partnerships and investments. India possesses reserves of critical minerals such as copper and potentially cobalt, and unlocking these in an efficient, sustainable manner could bolster the global supply chain. To ensure recycled materials play a pivotal role, India has introduced policies like Extended Producer Responsibility (EPR) and the Battery Waste Management Rules (BWMR) 2022. These mandates require producers to meet escalating annual recycling targets for lithium-ion batteries, thereby reintegrating recovered metals into the production cycle. India is witnessing a gradual shift from informal to formal battery recycling. According to BDO India, domestic recyclers could supply up to 48% of the country's lithium-ion battery demand by 2030. This transition is powered by growing private investments and policy incentives, including tax exemptions on critical mineral imports and urban mining initiatives announced in the 2025 Union Budget. End-of-life batteries are a rich source of lithium, cobalt, and nickel—metals that are becoming increasingly scarce. Tapping into this resource pool is essential to narrowing the supply-demand gap and achieving energy transition targets. As global demand for critical minerals is expected to hit $80 billion by 2040 (IEA), countries worldwide—including Japan, Canada, Australia, and EU members—are actively building resilient supply chains. India's global alliances, such as the India-US Initiative on Critical and Emerging Technologies (iCET) and its partnership with Australia on critical minerals research (IACMRP), underscore the importance of international collaboration. Interestingly, several minerals—like lithium, cobalt, nickel, and vanadium—are listed as critical by multiple major economies, reinforcing the need for collective recycling strategies and global coordination. Despite promising initiatives, India faces several execution hurdles: India's strategy includes short-, mid-, and long-term goals: Recycling battery waste could save India billions in imports, create substantial employment in urban mining, and cement its status as the recycling hub of the Global South. Public Sector Undertakings (PSUs) such as KABIL, ONGC Videsh, and Coal India are playing a critical role in acquiring overseas assets, while the NCMM's funding drives domestic integration. However, India's funding still lags global benchmarks. The European Union (EU) has proposed a €10 billion fund, and the US has allocated $400 billion through the Inflation Reduction Act. Scaling India's commitment over time will be essential to strengthening recycling infrastructure, driving R&D in hydrometallurgy, and integrating informal workers through IoT-linked systems. To unlock the full potential of battery recycling, India must overcome regulatory, technological, and financial hurdles while accelerating domestic capability building. A phased strategy—driven by AI, supported by global alliances, and backed by policy—can convert India's battery waste burden into an economic and strategic asset. With the right blend of vision, partnerships, and innovation, India can turn its critical minerals challenge into a sustainable competitive advantage—ensuring energy sovereignty and a resilient green-tech future. This article is authored by Chetan Jain, senior vice president – business operations, LOHUM.
