India’s lithium battery market to reach 2.6 GW in 2021, 116 GW in 2030

According to a new research report by JMK Research and the Institute of Energy Economics and Financial Analysis (IEEFA), India’s annual lithium-ion battery market will grow from 2.6 GWh in 2020-21 to 116 GWh in 2029-30, with electric vehicles (EV) accounts for 90% of the overall market. The report expects lithium-ion battery demand for automotive applications to increase from 2.3 GWh in FY 2020-21 to 104 GWh in FY 2029-30, supported by government policies, including rapid application and manufacturing of hybrid and electric vehicles (FAME), and state-level electric vehicle policies. Demand for lithium batteries in non-automotive applications is expected to increase from 0.3 GWh to 12 GWh, driven by telecom towers, data centers, grid-scale renewable energy (RE) integration, […]

India’s lithium battery market to reach 2.6 GW in 2021, 116 GW in 2030 続きを読む "