India’s EV Transition: How Lithium-Ion Cell Tech Development, Production Can Help

By Pankaj Sharma India is currently experiencing a significant surge in the electric vehicle market, with domestic electric two-wheeler sales projected to grow at a Compound Annual Growth Rate of 49 per cent until 2030. This article explores the critical role of lithium-ion cell technology in India's electrification journey, highlighting why domestic production capabilities are essential for the country's sustainable and energy-independent future. Lithium-ion Cell Challenges Despite India's impressive growth in the EV and renewable energy sectors, there remains a significant reliance on imported lithium-ion cells. Key Benefits of Domestic Lithium-ion Cell Production Reducing Trade Deficits: Domestic production reduces India's reliance on neighbouring countries for lithium-ion cells, ultimately lowering trade deficits. India's pursuit of energy independence, reduced trade deficits, and economic growth hinge on the development and production of lithium-ion cells domestically.