Li-ion battery recycling may help India cut imports of key active materials: Study

NEW DELHI: India’s Lithium-ion battery (LiB) demand is expected to reach 115 gigawatt-hour (GWh) by 2030, led by electric vehicles (EVs), stationary storage (SS), and consumer electronics, according to the findings of a study conducted by Accenture, commissioned by the India Cellular & Electronics Association (ICEA).

The study, released on Wednesday, projected that the LiB demand in the EV sector will rise at a compound annual growth rate (CAGR) of 48 per cent, followed by stationary storage (14 per cent) and consumer electronics (3 per cent), between 2025 and 2030.