Lithium-ion Batteries: How falling lithium prices and self-reliance in battery manufacturing are fuelling affordable EVs in India, ET Auto
Currently, the dependence on foreign imports for lithium-ion batteries is a roadblock to delivering cost-efficient EVs to Indian customers. However, falling lithium prices and the discovery of lithium reserves in India have provided hope for lower costs and potential local sourcing. This, along with government initiatives to achieve self-reliance in battery manufacturing, is expected to lower EV costs, reduce import dependency, and make EVs more affordable in India.
Source: indiatimes.com
