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India Gazette
5 days ago
- 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
5 days ago
- 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
5 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. 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
12-06-2025
- Automotive
- Hindustan Times
Importance of a circular economy in driving sustainability
In recent times, there has been an enhanced emphasis on creating a circular economy for a sustainable future. While it is in the nascent stages, India has managed to attract significant investments totalling to approximately $1.8 billion over the past five years for the creation of a circular economy in various subsectors. It is important to note that nearly 80% of the total investment value have been directed towards mitigation-focussed innovations, particularly in clean energy and sustainable mobility. On this World Environment Week, it is crucial to understand that without a circular approach, we are risking replacing one form of ecological degradation with another. From an auto industry standpoint, investing in creation of second life use cases for batteries, in the form of energy storage systems for stationary applications, will certainly drive more sustainability. Customer interest in electric vehicles (EVs) is steadily rising in India, backed by new launches by mass carmakers and the expansion of the charging infrastructure. While a focussed approach is driving EV sales in India, the next imperative task at hand for the sector is to collectively create an ecosystem for battery life management. EV batteries consist rare earth elements, such as lithium, and cobalt, which are finite. Repurposing helps mitigate these risks by enabling the recovery of valuable raw materials, minimising reliance on virgin mining, and providing cost-efficient stability. The repurposing process of EV batteries have evolved significantly since inception. Pre-2020, most used batteries were discarded or exported for recycling. The next phase witnessed the introduction of Battery Waste Management Rules and saw the emergence of many start-ups in this domain. Currently, second-life batteries are now a formal part of India's clean energy and mobility strategy. Estimates suggest that by 2030, India is expected to generate 128 GWh of recyclable battery waste. This highlights the importance of battery recycling in crafting a sustainable tomorrow. Efficient recycling methods can recover 70-80% of the battery's capacity even after their use in vehicles, allowing them to be repurposed for different storage solutions such as grid stabilisation, industrial backup, and residential energy systems. Recycled materials can lower costs by 30-50% compared to newly-mined resources, making this strategic shift a significant competitive advantage for India in the global battery supply chain. Now, imagine the immense opportunity for original equipment manufacturers (OEMs) to create an alternative revenue stream by repurposing batteries. Furthermore, it won't be wrong to predict a new wave of start-ups in the recycling business, collaborating with OEMs, to present innovative ideas with battery recycling. For automakers, this transition is not just beneficial but essential. Moving beyond manufacturing and embracing sustainable battery lifecycle management will be key to long-term success. Additionally, the revenue-generation potential in this space is immense—leasing models, refurbishment programs, and Battery-as-a-Service (BaaS) are just a few innovative ways to open new income models. In addition, government incentives for second-life applications will further encourage the adoption of these practices across industries. That said, to realise the full potential of a circular economy in India, a collaborative approach needs to be implemented in creating a robust waste management infrastructure that seamlessly enables collection, sorting, and processing. Second, businesses should adopt circular supply chains and product life extension strategies. Next, consumer awareness on effective waste management needs to be ramped up. In addition, recycling technologies constantly need to evolve for scaling up operations and handling complex waste materials. Most importantly, a conducive policy and regulatory framework is needed to incentivise circular economy practices and discourage linear approaches. I am confident that India's mission to becoming a $ 5 trillion economy will be largely driven by sustainability in every aspect. Redefining the automotive industry's role in energy management can position India as a global leader in energy storage solutions. We are already in the future of mobility—the only way forward is to keep innovating while ensuring circular practices remain at the core. This article is authored by Anurag Mehrotra, managing director, JSW MG Motor India.
Time of India
10-06-2025
- Automotive
- Time of India
Importance of a Circular Economy in Driving Sustainability
The article is authored by Anurag Mehrotra, Managing Director, JSW MG Motor India In recent times, there has been an enhanced emphasis on creating a circular economy for a sustainable future. While it is in the nascent stages, India has managed to attract significant investments totalling to approximately $1.8 billion over the past five years for the creation of a circular economy in various subsectors. It is important to note that nearly 80% of the total investment value have been directed towards mitigation-focussed innovations, particularly in clean energy and sustainable mobility . On this World Environment Week, it is crucial to understand that without a circular approach, we are risking replacing one form of ecological degradation with another. From an auto industry standpoint, investing in creation of second-life use cases for batteries, in the form of energy storage systems for stationary applications, will certainly drive more sustainability . Customer interest in Electric Vehicles (EVs) is steadily rising in India, backed by new launches by mass carmakers and the expansion of the charging infrastructure. While a focussed approach is driving EV sales in India, the next imperative task at hand for the sector is to collectively create an ecosystem for battery life management. EV batteries consist rare earth elements, such as lithium, and cobalt, which are finite. Repurposing helps mitigate these risks by enabling the recovery of valuable raw materials, minimising reliance on virgin mining, and providing cost-efficient stability. The repurposing process of EV batteries have evolved significantly since inception. Pre 2020, most used batteries were discarded or exported for recycling. The next phase witnessed the introduction of Battery Waste Management Rules and saw the emergence of many start-ups in this domain. Currently, second-life batteries are now a formal part of India's clean energy and mobility strategy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Defender's most Towering version: India plans, electric Defender and more | TOI Auto Estimates suggest that by 2030, India is expected to generate 128 GWh of recyclable battery waste. This highlights the importance of battery recycling in crafting a sustainable tomorrow. Efficient recycling methods can recover 70-80% of the battery's capacity even after their use in vehicles, allowing them to be repurposed for different storage solutions such as grid stabilisation, industrial backup, and residential energy systems. Recycled materials can lower costs by 30-50% compared to newly mined resources, making this strategic shift a significant competitive advantage for India in the global battery supply chain. Now, imagine the immense opportunity for OEMs to create an alternate revenue stream by repurposing batteries. Furthermore, it won't be wrong to predict a new wave of start-ups in the recycling business, collaborating with OEMs, to present innovative ideas with battery recycling. For automakers, this transition is not just beneficial but essential. Moving beyond manufacturing and embracing sustainable battery lifecycle management will be key to long-term success. Additionally, the revenue-generation potential in this space is immense—leasing models, refurbishment programs, and Battery-as-a-Service (BaaS) are just a few innovative ways to open new income models. In addition, government incentives for second-life applications will further encourage the adoption of these practices across industries. That said, to realize the full potential of a circular economy in India, a collaborative approach needs to be implemented in creating a robust waste management infrastructure that seamlessly enables collection, sorting, and processing. Secondly, businesses should adopt circular supply chains and product life extension strategies. Next, consumer awareness on effective waste management needs to be ramped up. In addition, recycling technologies constantly need to evolve for scaling up operations and handling complex waste materials. Most importantly, a conducive policy and regulatory framework is needed to incentivise circular economy practices and discourage linear approaches. I am confident that India's mission to becoming a five trillion-dollar economy will be largely driven by sustainability in every aspect. Redefining the automotive industry's role in energy management can position India as a global leader in energy storage solutions . We are already in the future of mobility—the only way forward is to keep innovating while ensuring circular practices remain at the core. Discover everything about the automotive world at Times of India .
