As India gears up to boost electric vehicle (EV) adoption, the massive find of lithium reserves in the country has built up excitement , hope of self-Reliance & brightened up the prospects for the country in the field of EV battery cell manufacturing.
According to the Council on Energy, Environment and Water (CEEW), the country will require USD 4.5Billion of investment to meet its domestic lithium-ion battery manufacturing target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants. India's lithium cell production is projected to be 900 GWh by 2030.
"The 5.9 million tonnes of lithium reserves found in J&K, If completely extracted and converted into battery-grade Lithium salts can support up to great extent though the details about quality, nature etc are yet to be fully established.
Lithium is the lightest metal & lightest solid element . Being highly reactive not found in its elemental form. Mostly found in concentration with other materials in the form of oxides and carbonates. Extracting & converting the raw lithium to battery-grade lithium calls for a series of refining processes some of technology are not available in India. Very few Global companies have such expertise and being doing this for decades.
Though the EV penetration in India till 2020 was very small , the EV penetration in India is slowly but steadily increasing, especially in the e-scooter segment. Now, the four-wheeler manufacturers have also joined the bandwagon, specially Tata Motors , M&M pushing India's aim to significantly cut the dependency on traditional fuels and internal combustion engine-driven vehicles by 2030.
The slogan EV30@30 which means , the government expects the EV sales penetration to be 30 per cent by 2030. for private automobiles. 70 per cent for commercial vehicles, and 80 per cent for two and three-wheelers, which would not only reduce the country's oil import bills in the longer term, but also ensure a cleaner environment.
The discovery of Lithium is vital as it comes at a time when India is going all out for a green transition in transportation,, where electric vehicle adoption has become a national priority..