India’s lithium-ion battery demand expected to reach 115 gigawatt-hours (GWh) by 2030

NEW DELHI: India’s lithium-ion battery (LiB) demand is expected to reach 115 gigawatt-hours (GWh) by 2030, driven primarily by electric vehicles (EVs), stationary storage, and consumer electronics.

According to a study by Accenture, commissioned by the India Cellular and Electronics Association (ICEA), the LiB demand in the EV sector will rise at a compound annual growth rate (CAGR) of 48%, followed by stationary storage at 14% and consumer electronics at 3% between 2025 and 2030.