- February 23, 2022
- Posted by: admin1
- Category: DPN Topics
Context- India is pushing for rapid adoption of electric vehicles (EVs) but it does not have certain minerals that are required for batteries that are crucial to powering this transition.
- A latest study by the World Resources Institute suggests that India should focus on ensuring adequate long-term arrangements with other countries to procure such minerals and ensure a smooth path for EVs.
About the Report:
- Batteries are a crucial requirement for electric vehicles (EVs) and minerals such as cobalt and lithium are crucial for making these batteries.
- According to the report, batteries require eight key raw materials including manganese (Mn), nickel (Ni), cobalt (Co), copper (Cu), aluminium (Al), graphite and titanium (Ti).
- India has existing reserves of Mn, Ni, Cu, and Al.
- India has no reserves of the other raw materials (Li).
- Production Linked Incentive (PLI) scheme by NITI Aayog, which subsidises the setting up of Li-ion cell-manufacturing gigafactories.
- NITI Aayog plans to transition three-wheelers to full EVs by 2023 and two-wheelers with an engine capacity of less than 150cc to full EVs by 2025.
- For the raw materials that India lacks, locking in arrangements now to procure ores or concentrates from other countries in the future would be extremely advantageous.
- The report suggested that infrastructure for recycling Li-ion batteries should be set up in parallel with the development of Gigafactories and other battery-industry-related efforts.
- It also highlighted that Indian companies need to focus on increasing the budget for R&D (Research and Development) to make rapid advances in battery technologies.