Latest news with #IndiaCellularandElectronicsAssociation
India Gazette
3 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
3 days ago
- Business
- Time of India
Policy intervention can help unlock $3.5-billion li-ion battery recycling, production in India: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India Cellular and Electronics Association (ICEA) and Accenture said on report estimates that without any policy intervention and measures to facilitate investments, the present lithium battery (LiB) recycling expansion plans have the potential to generate revenue in the range of USD 500-1,000 million between 2025 and report has suggested measures to enhance cell manufacturing capacity, increase domestic recycling capacity through schemes like PLI, facilitate the trade of LiB scrap and black mass and improve reverse logistics and collection of domestic scrap."The proposed interventions will improve the domestic LiB ecosystem and unlock a total economic value of USD 3.5 billion, create 27,000 to 41,000 jobs, reduce emissions by 28 to 75 kT CO2e (kilotonnes of carbon dioxide equivalent), and enable water savings of approximately 5,700 million gallons by 2030," the report 39 per cent of consumer electronics batteries that have reached their end of life (EoL) do not get collected, it said."Among the batteries that do enter collection streams, the majority (around 80 per cent) as of today are handled by unregulated informal channels. As a result, 45 per cent of collected batteries fail to reach formal mechanical recyclers. Additionally, around 2-8 per cent of the EoL batteries reaching formal recyclers, fail quality checks due to improper handling by informal collectors," the report Chairman Pankaj Mohindroo said sustainability is "one of the most promising economic opportunities of our time"."Battery recycling sits at the intersection of India's environmental priorities and its strategic autonomy in critical minerals. With the right policy support and entrepreneurial drive, India can unlock a USD 3.5 billion circular battery economy, reduce import dependencies, and establish itself as a global powerhouse in clean technologies," he also announced the launch of Centre of Sustainability for Pure Chatterjee -- global recycling expert and senior advisor at SERI, a non-profit body -- said iPhone uses about 69 elements and companies in India don't have the necessary technology to recycle several critical elements that can be used in the high-end demanded that India impose restrictions on the export of black mass -- the state of battery after end of its life cycle. China has banned the export of black mass, he to the report, due to limited domestic hydrometallurgical recycling capacity, India has no restrictions on black mass Pollution Control Board (CPCB) Scientist-F & Division Head, WM-I, V P Yadav, said India lacks the technology to extract elements from batteries that can be put to use in the industry."Unless recycled material becomes cheaper than raw materials, no one will use it. Manufacturers will make product using cheaper materials," he said he received feedback from a lithium ion battery maker that the quality of recycled material in the country is not of the quality that can be used for manufacturing products.
New Indian Express
3 days ago
- Automotive
- New Indian Express
India's lithium-ion battery demand expected to reach 115 gigawatt-hours (GWh) by 2030
NEW DELHI: India's lithium-ion battery (LiB) demand is expected to reach 115 gigawatt-hours (GWh) by 2030, driven primarily by electric vehicles (EVs), stationary storage, and consumer electronics. According to a study by Accenture, commissioned by the India Cellular and Electronics Association (ICEA), the LiB demand in the EV sector will rise at a compound annual growth rate (CAGR) of 48%, followed by stationary storage at 14% and consumer electronics at 3% between 2025 and 2030. India's increasing demand for LiBs is expected to be supported by domestic cell manufacturing, driven by ambitious plans from cell manufacturers. Domestic cell manufacturing capacity is anticipated to reach approximately 220 GWh by 2030, thanks to the production-linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage. Companies like Rajesh Exports, Ola Electric Mobility, and Reliance New Energy Solar have already received PLI incentives for establishing a cumulative capacity of 40 GWh. However, this capacity will require an estimated USD 5-11 billion worth of key battery-active materials, including lithium, cobalt, nickel, and manganese, which are predominantly imported due to a lack of domestic reserves. Consequently, recycling LiBs could provide a reliable domestic source of supply, the study suggests.
Time of India
3 days ago
- Business
- Time of India
Policy intervention can help unlock $3.5-bn li-ion battery recycling, production in India: Report
Policy interventions can enable unlocking of USD 3.5 billion lithium ion recycling and production ecosystem in the country by 2030, a report by industry body India Cellular and Electronics Association (ICEA) and Accenture said on Wednesday. The report estimates that without any policy intervention and measures to facilitate investments, the present lithium battery (LiB) recycling expansion plans have the potential to generate revenue in the range of USD 500-1,000 million between 2025 and 2030. The report has suggested measures to enhance cell manufacturing capacity, increase domestic recycling capacity through schemes like PLI, facilitate the trade of LiB scrap and black mass and improve reverse logistics and collection of domestic scrap. "The proposed interventions will improve the domestic LiB ecosystem and unlock a total economic value of USD 3.5 billion, create 27,000 to 41,000 jobs, reduce emissions by 28 to 75 kT CO2e (kilotonnes of carbon dioxide equivalent), and enable water savings of approximately 5,700 million gallons by 2030," the report said. Nearly 39 per cent of consumer electronics batteries that have reached their end of life (EoL) do not get collected, it said. "Among the batteries that do enter collection streams, the majority (around 80 per cent) as of today are handled by unregulated informal channels. As a result, 45 per cent of collected batteries fail to reach formal mechanical recyclers. Additionally, around 2-8 per cent of the EoL batteries reaching formal recyclers, fail quality checks due to improper handling by informal collectors," the report said. ICEA Chairman Pankaj Mohindroo said sustainability is "one of the most promising economic opportunities of our time". "Battery recycling sits at the intersection of India's environmental priorities and its strategic autonomy in critical minerals. With the right policy support and entrepreneurial drive, India can unlock a USD 3.5 billion circular battery economy, reduce import dependencies, and establish itself as a global powerhouse in clean technologies," he said. Mohindroo also announced the launch of Centre of Sustainability for Pure Earth. Sandip Chatterjee -- global recycling expert and senior advisor at SERI, a non-profit body -- said iPhone uses about 69 elements and companies in India don't have the necessary technology to recycle several critical elements that can be used in the high-end phone. He demanded that India impose restrictions on the export of black mass -- the state of battery after end of its life cycle. China has banned the export of black mass, he said. According to the report, due to limited domestic hydrometallurgical recycling capacity, India has no restrictions on black mass export. Central Pollution Control Board (CPCB) Scientist-F & Division Head, WM-I, V P Yadav, said India lacks the technology to extract elements from batteries that can be put to use in the industry. "Unless recycled material becomes cheaper than raw materials, no one will use it. Manufacturers will make product using cheaper materials," he said. Yadav said he received feedback from a lithium ion battery maker that the quality of recycled material in the country is not of the quality that can be used for manufacturing products.
Time of India
3 days ago
- Business
- Time of India
India offers domestic circular battery economy worth $3.5 billion by 2030
India has the potential to develop a domestic circular battery economy worth $3.5 billion by 2030, aligned with its growing demand for electric vehicles (EVs), consumer electronics and energy storage systems, a report said on Wednesday. India currently recycles only 1 per cent of its end-of-life lithium-ion batteries into usable materials. This low recovery rate signals an urgent environmental challenge and a major economic opportunity waiting to be unlocked. The report, launched by the India Cellular and Electronics Association (ICEA) and Accenture , presents a strategic blueprint to build a domestic circular battery economy worth $3.5 billion by 2030. "Sustainability is one of the most promising economic opportunities of our time. Battery recycling sits at the intersection of India's environmental priorities and its strategic autonomy in critical minerals,' said Pankaj Mohindroo, Chairman, ICEA. Mohindroo also announced the launch of Centre of Sustainability for Pure Earth which aims to address various issues regarding sustainability. The report underscores the transformative impact of systematic interventions in India's lithium-ion battery (LIB) recycling ecosystem. With the implementation of key recommendations, the recycling sector could create up to 41,000 green jobs across the value chain by 2030. It also projects an annual reduction of 75,000 tonnes of carbon emissions, equivalent to taking 60,000 vehicles off Indian roads, and water savings of 5.7 billion gallons — enough to meet the annual needs of a city of half a million people. A robust recycling ecosystem could also supply 14 per cent of India's battery-active material demand, strengthening the country's strategic autonomy and reducing dependence on imports of critical minerals like lithium, cobalt, and nickel. According to Sunita Verma, Scientist-G and Group Coordinator, IT Ministry, the report addresses a critical pillar of India's electronics and energy transition. 'At MeitY, we are committed to fostering a circular economy through indigenous technologies, formalising the recycling sector, and building capacity across the value chain. The Centre of Excellence at C-MET Hyderabad is already supporting over 25 industries in lithium-ion battery recycling,' she informed.
