Lithium recycling aims to make India self-reliant in cell manufacturing

Through recycling and reusing the lithium in existing batteries, India could become self-reliant in battery cell manufacturing, said Vijay Mittal, joint secretary of the Indian Ministry of Heavy Industries, at the 4th India Battery Manufacturing and Supply Chain Summit. He pointed out that the government will adopt steps to use financial systems, regulatory policies, and improve ease of business to this end. Currently, three companies- Ola Electric Mobility, Reliance New Energy, Rajesh Exports – have signed PLI agreements to create around 40 GWh of cell manufacturing capacity, while another 10 GWh for storage technologies will be in play in the future. 

Exide Industries pumps ₹1.49 billion into its lithium battery manufacturing arm 

Battery manufacturing giant Exide Industries is now rolling into the lithium battery market with an investment of ₹1.49 billion into Exide Energy Solutions Ltd. (EESL), a wholly owned subsidiary, and its lithium battery unit. In total, the investment in EESL now totals ₹33.02 billion. EESL, which manufactures and sells lithium-ion battery cells, modules and packs, is in the process of establishing a greenfield plant in Bengaluru, Karnataka.

India’s EV penetration rises to 7.4% in 2024, expected to hit 30-35% by FY30: Report

In 2024, electric vehicles held a 7.4% share in total sales of all automobiles, according to a report ‘Charging the Ecosystemic EV-olution’ by SBI Capital Markets, reported ET Auto. The report further said that EVs could account for 30-35% of annual vehicle sales by FY30. This growth in EV penetration has multiple reasons: FAME, PM e-DRIVE scheme and PLI schemes for EV automakers, as well as financial incentive of 5% GST on EVs compared to 28% for ICE vehicles, and reduced road taxes in several states.

EU pondering EV subsidies against growing Chinese dominance

Against the growing threat of Chinese EV companies flooding the market, the European Union is considering introducing subsidies to help Europe’s “embattled car industry, and update their capacities”, said Teresa Ribera, EU’s executive vice-president and head of the EU’s ‘green industry’ strategy, to The Financial Times. The hope is that the scheme will have to prevent “subsidies flowing to Chinese carmakers”. 

US Prez Trump overturns 50% EV target, suspends unspent charging funds

U.S. President Donald Trump overturned a 2021 executive order signed by his predecessor Joe Biden which attempted to ensure that 50% of all new vehicles sold in the US by 2030 should be electric, reported Reuters. Furthermore, Trump issued an executive order to halt unspent government funds for vehicle charging stations from a $5 billion fund. He also said that he was considering ending tax credits for EVs, and asked states to end a waiver for adopting zero emission vehicle rules by 2035.

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