EV battery outlook: Lithium-ion demand set to jump 48% by 2030, says ICEA report; Import reliance and EoL waste pose key challenges
Times of IndiaWednesday, July 9, 2025 at 11:01:35 AM
A new report from ICEA and Accenture predicts India's lithium-ion battery (LiB) demand will surge by 48% to 115 gigawatt-hours by 2030, thanks to the booming electric vehicle market and clean energy push. But there's a catch: India still depends heavily on imports for key battery materials, which could cost over $5 billion. Plus, dealing with end-of-life battery waste is becoming a growing headache.
Editor’s Note: This isn't just about more EVs on the road—it's a reality check. While the demand spike shows India's green transition is gaining speed, relying on imports for critical materials leaves the supply chain vulnerable. And with old batteries piling up, figuring out how to recycle or dispose of them responsibly is just as urgent as building new ones. If India doesn't tackle these challenges, the EV revolution could hit some serious speed bumps.
— Curated via WP Now’s
