India needs to invest USD 10 bn for EV Li-ion batteries by 2030: Report

New Delhi, India needs to invest about USD 10 billion to boost cell manufacturing and raw material refining to meet domestic demand for lithium-ion batteries for electric vehicles by 2030, according to a report. India’s lithium-ion (Li-ion) battery demand is currently 3 GWh and is set to grow to 20 GWh by 2026 and 70 GWh by 2030, as per the report by management consulting firm Arthur D Little.