Explainer: How lithium reserves can help speed up India’s EV dream
As India gears up to boost electric vehicle (EV) adoption, the massive find of lithium reserves in the country has brightened up the prospects for the country in the field of EV battery cell manufacturing.
According to the Council on Energy, Environment and Water (CEEW), the country will require Rs 33,750 crore of investment to meet its domestic lithium-ion battery manufacturing target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants.
India’s lithium cell production is projected to be 70-100 GWh by 2030.
“The 5.9 million tonnes of lithium reserves found in J&K, if completely extracted and converted into battery-grade Lithium can support up to 6 TWh of cell production,
