In the last few years, there has been a huge growth in the production of Lithium ion batteries in India. We are now producing close to 0.1 Mn units of batteries per year catering primarily to two and three wheelers, says Samrath Kochar, Founder & CEO, Trontek.
The acceptance of EVs seems to be picking up in India but do we have the right infrastructure to support EVs? Factors like the availability of charging stations, prices of raw materials, vehicle service locations, battery, and spare parts remain to be a challenge. Moreover, the existing power standards of the country will also be the key deciding factors of EV success in India.The Indian EV market is observing tremendous growth but there are major challenges associated with it. Consumers across India are very conscious and evaluate various metrics such as mileage and fuel consumption of the vehicle, before buying one. Moreover, the existing power standards of the country will also be the key deciding factors of EV success in India. Another key element is the motor. An electric motor is the heart of EVs. Regeneration of power along with low consumption is the key to meet the needs of the Indian market. Battery makers in India are facing a shortage of lithium-ion cells as China is unable to cope with the increasing demand amid raw material shortages. The prices of raw materials like Lithium and cobalt have been increasing steadily, which further makes things difficult.
This is where the concept of recycling batteries comes in. Recycling will be a game-changer to reduce dependency on imports and make battery manufacturing sustainable.