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Electric Vehicles: According to the report, strong production linked incentive schemes for ACC batteries, auto & electric components etc will drive reduction in import dependency by encouraging domestic production.
India is set to begin production of advanced chemistry cell (ACC) batteries by January 2024, according to Union Minister Mahindra Nath Pandey. The government approved a scheme for manufacturing ACC batteries in May 2021, with an estimated cost of Rs 18,100 crore. ACCs are advanced energy storage technologies that can store and convert electric energy.
Growth cannot come at the expense of sustainability anymore