Localised electric vehicle battery manufacturing may in fact be the only way to realise India’s EV market potential and help the government meet its target of 30% private EV sales by 2030. Currently, both EV batteries and cells are imported and account for about 40-50% of the EV’s total cost. Manufacturing the lithium-ion cells to make the batteries in India would make them cheaper, faster, and allow for large-scale manufacturing! In fact, even Tesla’s Elon Musk recently announced plans to halve battery costs through in-house battery cell engineering! Watch this episode of Drive Report to understand how manufacturing batteries in India will completely change the EV game!
first published: Jul 16, 2022 09:22 am
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